Private Capital Fund Finance
Assistant Vice President
Posted on 4/3/2023
INACTIVE
iCapital Network

1,001-5,000 employees

Digital platform facilitating access to alternative investments
Company Overview
iCapital is a global fintech leader that has significantly transformed the alternative investment marketplace by providing streamlined, scalable digital solutions and educational resources. Their robust technology and services, including diligence, compliance, and portfolio analytics capabilities, have revolutionized how wealth management, banking, and asset management industries facilitate client access to a wide range of private investments. Furthermore, iCapital's commitment to democratizing alternatives has enabled organizations to offer direct investments and feeder funds at lower minimums, thus expanding beyond the traditional 60/40 portfolio.
Financial Services

Company Stage

Series C

Total Funding

$717.3M

Founded

2013

Headquarters

New York, New York

Growth & Insights
Headcount

6 month growth

6%

1 year growth

15%

2 year growth

68%
Locations
New York, NY, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Requirements
  • Bachelor's degree in Accounting
  • 5+ years in a similar role, mix of public/private accounting in alternatives, fund admin experience a plus
  • Strong organizational skills
  • Strong verbal, written, and interpersonal communication skills
  • Able to escalate and communicate effectively within a team setting
  • High level of integrity
  • Passion for the application of innovative technology
  • Strong project management skills
  • Demonstrated ability to handle high volumes of work under time constraints and pressure
  • Able to use creativity around process improvement
  • Able to work independently and autonomously
Responsibilities
  • Review third-party administrator prepared financial statements and supporting schedules for accuracy and completeness on annual basis
  • Review third-party administrator prepared Capital Account Statements and supporting schedules for accuracy and completeness on a quarterly basis
  • Review third-party administrator prepared management fee schedules for accuracy and completeness monthly and work across teams for fee payment and tracking
  • Assist with audit inquiries and provide support for year-end audited financial statements for each feeder fund
  • Conduct search and provide support for SOC-1 annual audit
  • Using technology, review investor allocations, and provide reporting to clients and their investors
  • Provide cash based operational control over the third-party administrator and transfer agent which includes review and approval of all cash movements
  • Calculate feeder fund capital events based on cash activity, cash balances, and cash reserve guidelines, and follow the procedure to communicate decisions with clients and their investors
  • Prepare notices for capital events to be sent to investors and custodians and track subsequent funding activity
  • Provide vendor management of third-party fund administrators including tracking deliverables and escalating inconsistencies
  • Facilitate ad-hoc requests from various teams within the organization including fund data requests, investor requests, and client requests
  • Report Key Performance Indicators (KPIs) on a weekly basis
  • Review of limited partnership agreements, PPMs, and side letter accounts for various arrangements