Private Capital Fund Finance - Assistant Vice President

About the role

iCapital is looking for an Assistant Vice President to join the Fund Finance team. This role will work on and manage an accounting team that services a fast-growing sector of the business. This position will be responsible for overseeing the accounting and investor reporting for hedge fund of funds, private capital fund of funds, and mutual fund trusts (the "funds") in conjunction with third-party administrators. This individual will manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables. Specifically, this individual will support the accounting lead for Canada based funds including having knowledge of regulatory and operational reporting nuances.

Responsibilities

• Serve iCapital's clients in Canada as a team member of the accounting and operational experts.
• Build and maintain relationships with clients, both distributors and underlying fund managers, fund administrators, and other service providers.
• Work closely with the Fund Origination, Investor Relations, Legal and Compliance, Technology, Sales, and Marketing teams to support ongoing fund operations.
• Provide the review and control function for NAV packages, capital events, and management fee calculations provided by the fund administrator.
• Monitor cash positions and liquidity of investments, review cash reconciliations, and manage cash reserves.
• Run accounts payable and expense allocation processes.
• Maintain investor and investment data in the iCapital platform using proprietary technology tools.
• Define, update, and maintain operating policies and procedures.
• Liaise with funds' custodians and funds' banks, as well as other counterparties as needed.
• Fulfill ad-hoc requests as required.

Requirements

• Bachelor's degree in accounting is preferred
• 5+ years of fund accounting, fund administration, or finance operations experience (a focus on alternative investment funds including fund-of-funds and feeder funds is preferred)
• Proficient accounting skills and experience within an audit framework are preferred
• Experience with Fundserv is preferred
• Advanced Excel skills
• Demonstrated capacity and desire to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail with the 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
• Passion for the application of innovative technology
• Eager to learn new topics and work in an evolving business environment

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