Tbwa Chiat/Day Inc
Private Capital Fund Finance - Assistant Vice President / Vice President New Gre
Tbwa Chiat/Day Inc, Boston, New York, United States,
Private Capital Fund Finance - Assistant Vice President / Vice President
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 $200 billion in global client assets invested in 1,634 funds, as of September 2024.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 three-time winner of MMI/Barron’s Solutions Provider award.About the Role
iCapital is looking for an Assistant or Vice President to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, senior management, and clients on a variety of accounting and reporting processes. This role will report to a Senior Vice President, Fund Finance Private Equity.Responsibilities
Work with iCapital’s implementation teams regarding new business and fund launches.Review feeder fund draft documents (LPA/PPM) and underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams from a fund finance perspective.Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.Review and sign-off on capital call and distribution cash analysis, investor allocation files, and notices prepared by third-party admins and Associate or AVP members of the Fund Finance team.Participate in management-level meetings internally and externally.Approve and release quarterly management fee payment wires.Facilitate and collaborate with iCapital Technology and Product teams to drive process automation and efficiency.Monitor fund compliance with the partnership operating agreement terms.Oversee the funds’ preparation of annual fund financial statements in accordance with US GAAP.Qualifications
Bachelor’s degree in accounting or finance.5-15 years of financial services or asset management accounting and operations experience.Alternative investments fund administration and operations experience is a plus.Advanced degree and/or credentials, or progress towards 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.Willingness to learn new topics and work in an evolving business environment.Organized and detail-oriented with big picture capability.The base salary range for this role is $100,000 to $180,000. 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.iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. 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.
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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 $200 billion in global client assets invested in 1,634 funds, as of September 2024.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 three-time winner of MMI/Barron’s Solutions Provider award.About the Role
iCapital is looking for an Assistant or Vice President to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, senior management, and clients on a variety of accounting and reporting processes. This role will report to a Senior Vice President, Fund Finance Private Equity.Responsibilities
Work with iCapital’s implementation teams regarding new business and fund launches.Review feeder fund draft documents (LPA/PPM) and underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams from a fund finance perspective.Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.Review and sign-off on capital call and distribution cash analysis, investor allocation files, and notices prepared by third-party admins and Associate or AVP members of the Fund Finance team.Participate in management-level meetings internally and externally.Approve and release quarterly management fee payment wires.Facilitate and collaborate with iCapital Technology and Product teams to drive process automation and efficiency.Monitor fund compliance with the partnership operating agreement terms.Oversee the funds’ preparation of annual fund financial statements in accordance with US GAAP.Qualifications
Bachelor’s degree in accounting or finance.5-15 years of financial services or asset management accounting and operations experience.Alternative investments fund administration and operations experience is a plus.Advanced degree and/or credentials, or progress towards 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.Willingness to learn new topics and work in an evolving business environment.Organized and detail-oriented with big picture capability.The base salary range for this role is $100,000 to $180,000. 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.iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. 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.
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