Fund Finance Hedge Funds - Assistant Vice President

iCapital is looking to hire an Associate or Assistant Vice President to join the Hedge Fund Finance team. This role is hands on with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles (the “funds”) in conjunction with third-party administrators. This position will manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

• →Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
• →Design and implement processes and procedures for servicing the funds. Work in close partnership with the management team to enhance and automate key processes, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale.
• →Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• →Participate in new fund structuring, setup, and onboarding.
• →Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
• →Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
• →Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves. 
• →Determine subscription/commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
• →Run accounts payable and expense allocation processes. 
• →Oversee monthly / quarterly feeder fund NAV and statement issuance by the team/administrator and track KPIs.
• →Review and sign-off on capital calls, distributions, cash analysis, investor allocation files, and notices prepared by third party admins
• →Define, update, and maintain operating policies and procedures.
• →Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
• →Work with counsel and CCO to ensure general compliance with fund docs as well as regulatory filings and requirements such as SEC and FINRA.
• →Fulfill ad-hoc tasks as required by the team and different parts of the organization.

• Bachelor’s degree in accounting, finance, economics, statistics, or another business-related field
• 3-8 years of fund accounting, fund administration, or finance operations experience.  A focus on alternative investment funds including fund-of-funds and feeder funds is preferred
• Passion for the application of innovative technology
• Advanced accounting skills and experience within an audit framework is preferred
• Advanced Excel skills
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail with ability to see the big picture
• 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
• 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 3 days a week with the flexibility to work remotely 2 days.