Private Capital Fund Finance - Associate

Job Description

iCapital is seeking an Associate to join its Fund Finance Private Capital team. The Associate will focus on Private Capital Fund Accounting and Administration duties, collaborating with team members, vendors, senior management, and clients on accounting and reporting processes. This role reports to a Vice President, Fund Finance Private Equity.Responsibilities:

• Work with implementation teams on new business and fund launches.
• Review feeder fund draft documents and underlying fund operational questionnaires.
• Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
• Oversee quarterly feeder fund NAV and partners’ capital account statement issuance.
• Review capital call and distribution cash analysis, investor allocation files, and notices.
• Participate in management-level meetings internally and externally.
• Attend prospective clients’ on-site due diligence.
• Approve and release quarterly management fee payment wires.
• Facilitate process automation with iCapital Technology and Product teams.
• Monitor fund’s compliance with partnership operating agreement terms.
• Oversee the funds’ progress on preparation of annual fund financial statements in accordance with US GAAP.

Qualifications:

• Bachelor’s degree in accounting or finance.
• 3 to 6 years of financial services or asset management accounting and operations experience.
• Alternative investments fund administration and operations experience is a plus.
• Advanced degree and/or credentials (MBA, CPA, CFA, or CAIA) is a plus.
• Passion for innovative technology.
• Proven ability to multi-task and work independently and in a team.
• Strong communication skills.
• Willingness to learn and work in an evolving environment.
• Organized and detail-oriented.

Benefits:

• Base salary range: $85,000 to $115,000.
• Equity for all full-time employees.
• Annual performance bonus.
• Comprehensive benefits package (retirement plan, healthcare, dental, vision, telemedicine, mental health counseling, parental leave, unlimited PTO).
• Hybrid work model (Monday-Thursday in office, Friday remote).