Feeder Fund Vendor Management - Assistant Vice President

iCapital•Greenwich, CT

5d•$110,000 - $145,000•Hybrid

About The Position

iCapital is seeking an Assistant Vice President to join its Fund Finance Private Equity team, focusing on private capital fund accounting and administration. The role works closely with team members, vendors, management, and clients on accounting and reporting processes, and reports to the Vice President, Fund Finance Private Equity. The position includes oversight and review of third-party fund administration, valuations, accounting entries, expenses, investor allocations, fees, capital calls, distributions, reconciliations, and annual financial statements. It also involves monitoring compliance with partnership operating agreement terms, liaising with underlying fund managers, and handling ad hoc requests. Employees in this role work in the office Monday through Thursday, with the flexibility to work remotely on Friday.

Requirements

Bachelor’s degree in accounting or finance.
6–10+ years of financial services or asset management accounting and operations experience.
Proven ability to multitask and work independently and as a team player in a fast-paced, demanding environment.
Strong verbal, written, and interpersonal communication skills.
High level of integrity.
Willingness to learn new topics and work in an evolving business environment.
Organized and detail-oriented, with big-picture capability.

Nice To Haves

Alternative investments fund administration and operations experience.
Advanced degree and/or credentials, or progress toward them, such as an MBA, CPA, CFA, or CAIA designation.
Passion for the application of innovative technology.

Responsibilities

Work with third-party administrators to ensure quarterly valuations are completed on time, general ledger entries are accurate, and investments are valued in accordance with fair value market principles.
Review fund expenses and accruals against annual budgets, identify outliers, and propose adjustments as necessary.
Review investor allocations to confirm profits, losses, and fees are calculated in accordance with partnership operating agreements; approve quarterly investor capital account statements.
Review and approve quarterly management fee and trailer calculations.
Review third-party administrators’ preparation and coordination of investor capital calls and distributions, including investor allocation calculations and call and distribution notices.
Reconcile accounting data between iCapital and third-party administrators using automated tools and applications, and coordinate with internal or external parties to resolve discrepancies.
Liaise with underlying fund managers when required.
Handle ad hoc requests.
Monitor fund compliance with partnership operating agreement terms.
Review the preparation of annual fund financial statements in accordance with US GAAP.