Feeder Fund Vendor Management - Assistant Vice President

iCapital; Salt Lake City (UT); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Equity

Annual bonus

Retirement match

Healthcare

Dental

Vision

Telemedicine

Mental health

Parental leave

Unlimited PTO

Hybrid schedule

Job summary

iCapital is seeking an Assistant Vice President to join its Fund Finance Private Equity team in Salt Lake City. The role focuses on Private Capital Fund Accounting and Administration, reporting to the VP, Fund Finance Private Equity.

Responsibilities include coordinating with third-party admins for valuations, expenses, allocations, and distributions, ensuring accuracy, and preparing annual financial statements per US GAAP. Hybrid schedule with in-office Mon-Thu and remote Fri.

Qualifications

• 6-10+ years of financial services or Asset Management accounting and operations experience.
• Advanced degree and/or credentials, or progress towards, MBA, CPA, CFA, or CAIA is a plus.
• Passion for the application of innovative technology.
• Proven ability to multi-task and work both independently and as a team player in a fast-paced environment.
• Strong verbal, written, and interpersonal communication skills.
• High level of integrity.
• Willingness to learn new topics and work in an evolving business environment.
• Organized and detail oriented with big picture capability.

Responsibilities

• Work with third-party administrators to ensure quarterly valuations, general ledger entries, and fair value pricing are accurate.
• Review fund expenses, accruals, and budgets to identify outliers and propose adjustments.
• Review investor allocations and confirm profits, losses, and fees per partnership agreements; approve statements quarterly.
• Review and approve quarterly management fee and trailer calculations.
• Coordinate investor capital calls and distributions with third-party administrator and prepare notices.
• Reconcile accounting data between iCapital and third-party administrator; resolve discrepancies.
• Liaise with underlying fund managers as required.
• Handle ad hoc requests.
• Monitor fund compliance with partnership terms.
• Oversee annual fund financial statements preparation per US GAAP.

Skills

Strong communication

Multi-tasking

Independent worker

Team player

Integrity

Willingness to learn

Education

Bachelor’s degree in accounting or finance

Tools

Advanced technology applications

Job description

About The Role

iCapital is looking for an Assistant Vice President to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, management, and clients on a variety of accounting and reporting processes. This role will report to the Vice President, Fund Finance Private Equity.

Responsibilities

• Work with third-party administrators to ensure all quarterly valuations are completed in a timely manner, general ledger entries are accurate, and investments are valued in accordance with fair value market principles.
• Review fund expenses and accruals and compare them to annual budgets to identify outliers and propose adjustments as necessary.
• Review investor allocations to confirm profits, losses, and fees are calculated in accordance with the partnership operating agreements. Approve investor capital account statements on a quarterly basis.
• Review and approve quarterly management fee and trailer calculations.
• Determine review of third-party administrator’s preparation and coordination of investor capital calls and distributions, in coordination with the third-party administrator, including investor allocation calculations and call and distribution notices.
• Reconcile accounting data between iCapital and third-party administrator, using automated tools and applications. Coordinate with internal and/or external parties to resolve discrepancies.
• Liaise with underlying fund managers when required.
• Handle ad hoc requests.
• Monitor fund’s compliance with the partnership operating agreement terms.
• Review of the preparation of annual fund financial statements in accordance with US GAAP.

Qualifications

• Bachelor’s degree in accounting or finance
• 6-10+ years of financial services or Asset Management accounting and operations experience. Alternative Investments Fund Administration and Operations is a plus
• Advanced degree and/or credentials, or progress towards, such as MBA, CPA, CFA, or CAIA Designation is a plus
• Passion for the application of innovative technology
• 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
• High level of integrity
• Willingness to learn new topics and work in an evolving business environment
• Organized and detail oriented with big picture capability

Benefits

The base salary range for this role is $85,000 to $110,000. 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.

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 be an Equal Employment Opportunity and Aff… We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.