Fund Finance Hedge Funds - Assistant Vice President

iCapital Network; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

iCapital Network is seeking an Assistant Vice President to join the Fund Finance team in Toronto. This role involves managing the accounting and investor reporting for various funds, requiring strong accounting skills and the ability to collaborate across multiple teams. The ideal candidate will have 5+ years of relevant experience, a Bachelor’s degree in accounting, and a passion for innovative financial technology.

Benefits

Comprehensive benefits package

Unlimited Paid Time Off

Flexibility to work remotely on Fridays

Qualifications

• 5+ years of fund accounting or finance operations experience.
• Proficient accounting skills within an audit framework.
• Experience in alternative investment funds preferred.

Responsibilities

• Oversee accounting and investor reporting for funds.
• Manage relationships with clients and fund administrators.
• Monitor cash positions and manage liquidity.

Skills

Accounting

Advanced Excel

Organizational Skills

Communication

Education

Bachelor’s degree in accounting

Tools

Fundserv

Job description

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services, approximately $236 billion in global client assets invested in 1,940 funds, as of May 2025.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron’s Solutions Provider award (See link below).

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.

Qualifications

• 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

Benefits

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.

iCapital offers a comprehensive benefits package that includes a competitive total compensation package consisting of salary, bonus, and equity for all full-time employees. The Company pays 100% of the premium for all Group Benefits for you and your dependents. Some of these benefits include medical, dental, vision, prescription, life insurance and long-term disability. We offer a variety of Retirement Plans so of which have a company match. We offer unlimited Paid Time Off (PTO) and most employees the flexibility to work in the office three to four days and remotely for the remainder of the week. Every department has different needs, and some positions will be designated in-office jobs, based on their function. For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to support a fair and inclusive workplace, in which all applicants have an opportunity to fulfill their potential and every person has the right to equal treatment with respect to employment without discrimination. iCapital does not tolerate any discrimination contrary to the Ontario Human Rights Code, including on the grounds of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability.