Fund Finance, Private Capital - Associate
Summary
Associate on iCapital's Fund Finance Private Capital team in Lisbon, handling Private Capital Fund Accounting and Administration including NAV calculations, capital call/distribution analysis, fund document review (LPA/PPM), quarterly financial statement oversight under US GAAP, and collaborating with technology teams on process automation. Core technologies involve fund accounting systems and alt
About the Role
iCapital is looking for an Associate to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, senior management, and clients on a variety of accounting and reporting processes. This role will report to a Vice President, Fund Finance Private Equity.
Responsibilities
- Work with iCapital’s implementation teams with regards to new business and fund launches.
- Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
- Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
- Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.
- Review and sign-off on capital call and distribution cash analysis, investor allocation files and notices prepared by third party admins and Associate or AVP members of the Fund Finance team.
- Participate in management-level meetings internally and externally.
- Attend prospective clients’ on-site due diligence.
- Approve and release quarterly management fee payment wires.
- Facilitate and work with iCapital Technology and Product teams to drive process automation and efficiency.
- Monitor fund’s compliance with the 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 is a plus
- Advanced degree and/or credentials, or progress towards MBA, CPA, CFA, or CAIA designation is a plus
- Passion for the application of innovative technology
- 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
- Willingness to learn new topics and work in an evolving business environment
- Organized and detail oriented with big picture capability
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 4 days a week with the flexibility to work remotely 1 day ( Friday).
Benefits
iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.
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