Hedge Fund Finance - Assistant Vice President

Job Description

iCapital is seeking an Assistant Vice President to join their Hedge Fund Finance team. This role involves operational responsibility for servicing tender offer and interval funds across private equity, hedge, and private credit asset classes, working closely with third-party administrators. The ideal candidate will manage fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.Responsibilities include building and maintaining relationships with fund managers and administrators, designing and implementing processes, enhancing automation, and collaborating with various internal teams. The role also involves reconciling internal records, reviewing financial statements, overseeing service providers, monitoring cash positions, managing accounts payable, and ensuring compliance with regulatory requirements.

• Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
• Design and implement processes and procedures for servicing the funds.
• Work in close partnership with the management team to enhance and automate key processes, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale.
• Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• Reconcile internal records to NAV packages and calculations prepared by fund administrators.
• Review of the financial statements prepared by fund administrators.
• Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
• Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
• Run accounts payable and expense allocation processes.
• Define, update, and maintain operating policies and procedures.
• Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
• Work with counsel and CCO to ensure general compliance with fund docs as well as regulatory filings and requirements such as SEC and FINRA.
• Fulfill ad-hoc tasks as required by the team and different parts of the organization.

• Bachelor’s degree in accounting, finance, economics, statistics, or another business-related field
• 5+ years of fund accounting, fund administration, or finance operations experience (a focus on alternative investment funds including fund-of-funds and feeder funds preferred but not required
• Private equity or private credit experience is preferred
• Passion for the application of innovative technology
• Advanced accounting skills, experience within an audit framework preferred
• Advanced Excel skills
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail with ability to see the big picture
• Proven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environment
• Strong verbal, written, and interpersonal communication skills
• Eager to learn new topics and work in an evolving business environment

• Compensation package includes salary, equity, and annual performance bonus.
• Comprehensive benefits package includes retirement plan, healthcare, dental, vision, telemedicine, mental health counseling, parental leave, and unlimited PTO.
• Hybrid work environment: in-office Monday-Thursday, remote on Friday.