Private Capital Fund Finance - Associate

iCapital • Salt Lake City, UT

17d • $70,000 - $85,000 • Hybrid

About The Position

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.

Requirements

• Bachelor’s degree in accounting or finance
• 3 to 6 years of financial services or asset management accounting and operations experience
• 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

Nice To Haves

• 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

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.

Benefits

• The base salary range for this role is $70,000 to $85,000. 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).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level