Private Capital Fund Finance - Vice President

iCapital • Greenwich, CT

50d • $150,000 - $175,000 • Hybrid

About The Position

iCapital is looking for a Vice President to join the Hedge Fund Finance team. This role will be responsible for managing an accounting team that services a fast-growing sector of the business. This individual will be responsible for servicing hedge fund of fund, direct, and access fund vehicles (the “funds”) in conjunction with third-party administrators. This position will also manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Requirements

• Bachelor’s degree in accounting or finance
• 9+ years of fund accounting, fund administration, or finance operations experience with a focus on alternative investment funds including fund-of-funds and feeder funds
• Advanced Excel skills
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail and able 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

Nice To Haves

• Advanced degree and/or credentials, such as CPA designation is a plus
• Passion for the application of innovative technology
• Advanced accounting skills and experience within an audit framework are preferred

Responsibilities

• Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
• Design and implement processes and procedures for servicing the funds. Partner closely with the Management team to enhance and automate key processes, and 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.
• Participate in new fund structuring, setup, and onboarding.
• Monitor fund compliance with the partnership operating agreement terms.
• Provide oversight of fund administrators and other service providers, ensure timely and accurate processing of financial reporting and capital activity deliverables.
• 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 the Chief Compliance Officer to ensure general compliance with fund documents 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.

Benefits

• The base salary range for this role is $150,000 to $175,000. 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees