AVP Fund Finance, Direct Funds - Hybrid, Equity Eligible

iCapital; Lisboa; Hybrid; EUR 70,000 - 110,000; Full time

Benefits offered by this job

Equity for all full‑time employees

Annual performance bonus

Health and dental insurance (employer‑

4 days in office, 1 day remote

Job summary

iCapital seeks a Fund Finance expert in Lisbon to own end-to-end direct investing fund accounting and investor reporting. You will partner with third-party administrators to ensure timely valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.

You will lead hedged share class oversight, review capital activity and fees, and collaborate with Portfolio Managers and internal partners to drive automation and efficiency.

Qualifications

• Bachelor's degree in accounting, Finance, or a related field.
• 5+ years of experience in fund accounting, fund operations, or asset management within financial services.
• Big 4 accounting or audit experience is a plus.
• Experience with Alternative Investment fund administration and operations is a strong plus.
• Solid understanding of capital activity, investor allocations, fee structures, and partnership accounting.
• Knowledge of hedging strategies and hedged share classes.
• Strong attention to detail with the ability to maintain a broader, strategic perspective.
• Highly organized with the ability to manage multiple priorities in a fast-paced environment.
• Monitor and drive team performance against deliverables, fostering accountability and operational excellence.
• Willingness to learn and adapt in an evolving business and regulatory environment.
• Passion for leveraging technology and automation to improve operational efficiency.
• Proven ability to work independently while collaborating effectively within cross-functional teams.
• Strong verbal, written, and interpersonal communication skills.
• High level of integrity and professionalism.

Responsibilities

• Partner with third-party administrators to ensure timely completion of monthly valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.
• Review fund expenses and accruals against approved annual budgets, identify variances or outliers, and propose appropriate adjustments.
• Review investor allocations to ensure profits, losses, and fees are calculated in accordance with partnership operating agreements.
• Review and oversee hedged share classes, including related calculations and reporting impacts.
• Review and approve monthly investor capital account statements.
• Review and approve monthly management fee and trailer fee calculations.
• Reconcile accounting data between iCapital systems and third-party administrators using automated tools and applications.
• Coordinate with internal and external stakeholders to investigate and resolve accounting or reporting discrepancies.
• Monitor fund compliance with partnership operating agreement terms and escalation of issues where required.
• Handle ad hoc operational, accounting, and reporting requests as they arise.
• Liaise closely with Portfolio Managers and internal business partners.
• Manage the team deliverables and
• Act as the Fund Finance primary point of contact for the GP in Direct Investing Fund structures, including: Responding to ad hoc queries and providing ongoing operational and business support; Proactively communicating key deliverables, timelines, and dependencies; Supporting the setup of new share classes and coordinating new fund or product implementations

Skills

Fund accounting experience

Cross-functional collaboration

Team leadership

Attention to detail

Multitasking / prioritization

Strong communication skills

Education

Bachelor's degree in accounting/finance

Job description

iCapital seeks a Fund Finance expert in Lisbon to own end-to-end direct investing fund accounting and investor reporting. You will partner with third-party administrators to ensure timely valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.

You will lead hedged share class oversight, review capital activity and fees, and collaborate with Portfolio Managers and internal partners to drive automation and efficiency.