Feeder Fund Vendor Management - Assistant Vice President

iCapital; United States; Hybrid; USD 110,000 - 145,000; Full time

Benefits offered by this job

Employer matching retirement plan

Healthcare with 100% employer paidd-dh

Vision

Telemedicine

Mental health counseling

Parental leave

Unlimited paid time off

Job summary

iCapital is seeking an Assistant Vice President for its Fund Finance Private Equity team in the United States. The role focuses on private capital fund accounting and administration, collaborating with clients, vendors, and management to deliver accurate valuations and reporting.

The position reports to the Vice President, Fund Finance Private Equity, and involves working with third‑party administrators, reviewing investments, allocations, and fees, and ensuring compliance with US GAAP

Qualifications

• Bachelor’s degree in accounting or finance required.
• 6–10+ years in financial services or asset management accounting/operations.
• Advanced degree and/or credentials (MBA, CPA, CFA, CAIA) is a plus.
• Passion for applying innovative technology.
• Ability to multitask and work independently or in a team.
• Strong verbal, written, and interpersonal communication skills.
• High integrity and ethical standards.
• Willingness to learn in a evolving business environment.
• Organized and detail oriented with big‑picture thinking.

Responsibilities

• Coordinate with third‑party administrators to ensure quarterly valuations are timely and accurate.
• Review fund expenses, accruals, and budgets; identify outliers and propose adjustments.
• Verify investor allocations for profits, losses, and fees per partnership agreements; approve quarterly statements.
• Review and approve quarterly management fee and trailer calculations.
• Coordinate investor calls and distributions with administrators and investors.
• Reconcile data between iCapital and third‑party administrator; resolve discrepancies.
• Liaise with underlying fund managers as needed.
• Handle ad hoc requests and monitor fund compliance with the partnership agreement.
• Review annual fund financial statements prepared under US GAAP.

Skills

Financial analysis

Multi-tasking

Team player

Strong communication

Integrity

Education

Bachelor’s degree in accounting or finance

MBA/CPA/CFA/CAIA (preferred)

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 $110,000 to $145,000.

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
• virtual mental health counseling
• parental leave
• 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/

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