Hedge Fund Finance - Associate

iCapital is seeking an Associate to join their Hedge Fund Finance team. This role involves operational responsibilities for servicing hedge and private equity fund of fund and access fund vehicles, including fund accounting and financial reporting. The Associate will also be responsible for building relationships with fund managers and administrators, implementing processes and procedures, and collaborating with various teams within the organization. The ideal candidate should have a bachelor's degree in a business-related field, 3+ years of relevant experience, and advanced accounting and Excel skills.

• 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.
• Develop and enhance product, management, and other reporting.
• Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• Participate in new fund structuring, setup, and onboarding.
• Provide oversight of fund administrators and other service providers.
• 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 and regulatory filings.
• 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
• 3+ years of fund accounting, fund administration, or finance operations experience
• Registered Fund or Credit Fund 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

• Base salary range of $85,000 to $110,000
• Compensation package including salary, equity, and annual performance bonus
• Employer matched retirement plan
• Generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling
• Parental leave
• Unlimited paid time off (PTO)
• Flexibility to work in the office three or four days a week
• Equal Employment Opportunity and Affirmative Action employer