iCapital
Fund Finance Hedge Funds - Vice President
About the Role
iCapital is looking for a Vice President to join the Hedge Fund Finance team. This role will be responsible for managing an accounting team that services a fast-growing sector of the business. The incumbent will service hedge fund of fund, direct, and access fund vehicles (the “funds”) in conjunction with third‑party administrators. The position will also oversee all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
Responsibilities
Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
Design and implement processes and procedures for servicing the funds and partner closely with the Management team to enhance and automate key processes, developing product, management, and other reporting to target 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.
Monitor fund compliance with partnership operating agreement terms.
Provide oversight of fund administrators and other service providers, ensuring timely and accurate processing of financial reporting and capital activity deliverables.
Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
Run accounts payable and expense allocation processes.
Define, update, and maintain operating policies and procedures.
Liaise with the fund’s custodian, bank, and other counterparties as needed.
Work with counsel and the Chief Compliance Officer to ensure general compliance with fund documents and regulatory filings such as SEC and FINRA requirements.
Fulfill ad‑hoc tasks as required by the team and other parts of the organization.
Qualifications
Bachelor’s degree in accounting or finance.
9+ years of fund accounting, fund administration, or finance operations experience with a focus on alternative investment funds including fund‑of‑funds and feeder funds.
Advanced degree and/or credentials, such as a CPA designation, is a plus.
Passion for innovative technology application.
Advanced accounting skills and experience within an audit framework are 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 the 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.
The base salary range for this role is $150,000 to $175,000. 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 health care 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. Locations include New York, NY; Princeton, NJ; Salt Lake City, UT; Stamford, CT.
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 looking for a Vice President to join the Hedge Fund Finance team. This role will be responsible for managing an accounting team that services a fast-growing sector of the business. The incumbent will service hedge fund of fund, direct, and access fund vehicles (the “funds”) in conjunction with third‑party administrators. The position will also oversee all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
Responsibilities
Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
Design and implement processes and procedures for servicing the funds and partner closely with the Management team to enhance and automate key processes, developing product, management, and other reporting to target 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.
Monitor fund compliance with partnership operating agreement terms.
Provide oversight of fund administrators and other service providers, ensuring timely and accurate processing of financial reporting and capital activity deliverables.
Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
Run accounts payable and expense allocation processes.
Define, update, and maintain operating policies and procedures.
Liaise with the fund’s custodian, bank, and other counterparties as needed.
Work with counsel and the Chief Compliance Officer to ensure general compliance with fund documents and regulatory filings such as SEC and FINRA requirements.
Fulfill ad‑hoc tasks as required by the team and other parts of the organization.
Qualifications
Bachelor’s degree in accounting or finance.
9+ years of fund accounting, fund administration, or finance operations experience with a focus on alternative investment funds including fund‑of‑funds and feeder funds.
Advanced degree and/or credentials, such as a CPA designation, is a plus.
Passion for innovative technology application.
Advanced accounting skills and experience within an audit framework are 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 the 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.
The base salary range for this role is $150,000 to $175,000. 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 health care 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. Locations include New York, NY; Princeton, NJ; Salt Lake City, UT; Stamford, CT.
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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