Hedge Fund Finance - Assistant Vice President
Summary
Manages fund accounting, financial reporting, and operations for private equity, hedge, and private credit funds, including reconciliations, cash monitoring, and compliance with regulators like SEC and FINRA.
About the Role
iCapital is looking to hire an Assistant Vice President to join the Hedge Fund Finance team. This role is hands on with operational responsibility for servicing tender offer and interval funds across private equity, hedge, and private credit asset classes in conjunction with third-party administrators. The ideal candidate will additionally manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
Responsibilities
- 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.
Qualifications
- 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
Benefits
The base salary range for this role is $110,000 to $145,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.
For additional information on iCapital, please visit Twitter: @icapitalnetwork | LinkedIn: | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/
iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Skills
As published by greenhouse · 15 questions · 1 written answer
Basics
First Name, Last Name, Email, Phone, Resume/CV, Cover Letter, Location
Short answers (9)
- Preferred First Name
- What is your desired base salary expectation? Please specify the amount and currency.
- What is your desired total annual compensation when considering an equity award? Please specify the amount and currency.
- Are you subject to any form of Garden Leave or a Non-Compete Agreement? If yes, please provide detail below.
- What is your full legal name?
- If "Employee Referral" was selected for "How did you hear about this job?" please type the full name of the referring employee. If not, please type in "N/A".
- What is your LinkedIn profile URL? If applicable, please share the link.
- What is your personal website or online portfolio? If applicable, please share the link.
- What is your desired bonus expectation? Please specify the amount and currency.
Pick from a list (5)
- Are you legally eligible to work in the country where this role is located?
- Do you currently require any type of visa sponsorship for employment?
- Do you require any type of visa sponsorship for employment in the future (i.e. student visa transfer to H1B, etc)?
- iCapital is an office-first culture, as such all employees are required to work in the office Monday-Thursday, with the flexibility to work remotely on Friday, depending on the department. Please review the job description before applying, to identify the specified location/s for the role.
- How did you hear about this job?
Written answers (1)
- What forms of deferred compensation do you currently have (e.g., unpaid or deferred bonus, equity, or other long‑term incentive plans)? Please provide as much detail as possible. If no form of deferred compensation exists, please input N/A for this question.