Private Capital Fund Finance - Analyst

iCapital; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented individual to join their Fund Finance team. This role is pivotal in servicing hedge and private equity funds, ensuring accurate financial reporting and maintaining strong relationships with clients and fund managers. The ideal candidate will thrive in a fast-paced environment, utilizing their advanced Excel skills and organizational abilities to support fund operations. The company fosters a collaborative atmosphere, offering flexibility in work arrangements and a comprehensive benefits package, making this an exciting opportunity for those eager to grow in the finance sector.

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability

Unlimited Paid Time Off (PTO)

Retirement Plans with company match

Flexible work arrangements

Qualifications

• Bachelor’s degree in Accounting, Finance or Economics is required.
• Interest in fund accounting and finance operations for alternative investments.

Responsibilities

• Build and maintain relationships with clients and fund managers.
• Provide review and control function for NAV packages and capital events.
• Maintain investor and investment data in the iCapital platform.

Skills

Advanced Excel skills

Organizational skills

Interpersonal communication

Attention to detail

Multi-tasking

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Bachelor’s degree in Economics

Tools

Proprietary technology tools

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 $218 billion in global client assets invested in 1,760 funds, as of January 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.

About the Role

iCapital is looking for the ideal candidate to join the Fund Finance team. This role will be part of our Accounting team which services a fast-growing sector of the business. This position will be responsible for servicing hedge and private equity fund of fund and access fund vehicles (the “funds”) in conjunction with third-party administrators. The ideal candidate will learn and work in a team that covers all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Responsibilities

• Build and maintain relationships with clients, both distributors and underlying fund managers, fund administrators, and other service providers.
• Work closely with other iCapital internal teams such as Fund Origination, Investor Relations, Legal, Regulatory and Compliance, Technology, Sales, and Marketing to support ongoing fund operations.
• Provide 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.

Qualifications

• Bachelor’s degree in Accounting, Finance or Economics
• Interest in learning fund accounting, fund administration, or finance operations for alternative investment funds including fund-of-funds and feeder funds
• Advanced Excel skills
• Willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail
• Able 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
• High level of integrity
• Passion for the application of innovative technology
• Eager to learn new topics and work in an evolving business environment

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.

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.