Expense Accountant - Associate
iCapital Network 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 $70 billion in global client assets invested in close to 750 funds across more than 125,000 underlying accounts.
iCapital was named Solutions Provider of the Year at the 2020 MMI/Barron’s Industry Awards and selected to the 2018, 2019 and 2020 Forbes FinTech 50, a list of the top 50 innovative financial technology companies that are transforming finance through technology.
About the Role
This role will involve accounting and reporting responsibilities, month end close duties, accounts payable tasks, treasury management and financial reporting consolidations and eliminations as well as ad hoc projects. The Associate, Expense Accountant position will be a member of the Corporate Finance team and will report to the Expense Management Controller.
Responsibilities
- Expense Management and Reporting
- Assist in managing the firm’s operating expense base, liaising with department heads for expense tracking, processing, booking, and reporting, while supporting expense budgeting and forecasting inputs
- Assist in processing end-to-end payments / invoicing processes for the firm’s strategic A/P software
- Prepare analysis related to company profit and loss statements and changes in accounts.
- Month End Close
- Calculate and consolidate P&L data in order to prepare and book journal entries for operating expenses and accruals.
- Prepare monthly balance sheet reconciliations.
- Prepare journal entries for various legal entities.
- Assist with the maintenance of all financial records and accounting files.
- Prepare various non-cash amortization and depreciation entries, among others.
- Cash Reconciliation
- Reconcile cash inflows / outflows between the firm’s bank accounts and general ledger.
- Prepare monthly cash reconciliations.
- Other Projects
- Identify and remediate process gaps and implementing effective internal controls; improve documentation of internal control processes.
- Assist in completing special projects as needed such as implementation of new invoicing / vendor software and financial planning and analysis tools.
- Demonstrates ability to take on new, challenging assignments on a spontaneous basis.
- Ability to coordinate across multiple departments to complete assignments that require collaboration, including providing financial data for any forms or filings needed to be completed organization-wide
Qualifications
- 3-5 years of corporate accounting/audit experience within the financial services industry
- Understanding of GAAP reporting
- Familiarity with Oracle NetSuite and/or General Ledger systems (i.e., PeopleSoft, Axiom) preferred but not required
- Experience with Coupa or similar A/P system preferred but not required.
- Knowledge of booking journal entries
- Fund accounting experience preferred but not required
- Degree in Accounting required
- CPA license (achieved or actively pursuing) preferred but not required
- Proficient with Excel and Power Point
- Ability to manage large sets of data and be able to implement checks and balances
- Excellent oral and written communication skills
- Detailed oriented with big picture capability
Benefits
iCapital offers a comprehensive benefits package that includes a competitive total compensation program consisting of salary, equity for all full-time employees, and an employer matched retirement plan; generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling; and generous paid time off (PTO) featuring unlimited sick time and parental leave.
While we are currently working remotely due to COVID-19, this position will be based in our Greenwich, CT office. As we plan to re-enter our offices in 2021, iCapital will offer most employees the flexibility to work remotely one to two days a week. Every department has different needs, and some positions will be designated in-office jobs, based on their function.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
iCapital Network 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.