Hedge Fund Finance - Vice President at iCapital Network

| Greater NYC Area
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iCapital Network’s mission is to power the world’s alternative investment marketplace. Our financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks. Our flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Asset managers and banks leverage iCapital Network’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019 and 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of December 31, 2019, iCapital Network services more than $46.6 billion in invested capital across more than 100,000 underlying accounts. Visit www.icapitalnetwork.com for more information.

 The Company’s founders and executive management team are highly accomplished industry executives who have raised billions of dollars, with proven track records in investing, building companies and managing rapid growth.  The Company is well-capitalized, backed by its founders and a prominent group of strategic partners.

The Company’s culture is highly entrepreneurial, requiring high energy and commitment, and focused on building a best-in-class Company that is highly scalable. See the Company website at http://www.icapitalnetwork.com for more information and bios of our entire team. iCapital has a collaborative culture emphasizing teamwork and is committed to being a great place to work and build a career.

Location: NYC, Princeton, NJ, Greenwich , CT

Role & Responsibilities 

This position is a “hands-on” role with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles (the “funds”) in conjunction with third-party administrators, managing all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Responsibilities include:

  • Build and maintain relationships with underlying fund managers
  • 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, and sales & marketing teams to support fund operations
  • Participate in new fund structuring, set up and onboarding
  • Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians
  • Monitor cash positions, reconciliations and manage cash reserves 
  • Run accounts payable and expense allocation process 
  • 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/CCO to ensure general compliance with fund docs, SEC and FINRA 
  • Ad-hoc activities as required by the team and different parts of the organization

  Desired Skills

  • Bachelor’s degree in Accounting, Finance, or another business-related field
  • 10+ years of fund accounting, fund administration and fund operations experience, with a focus on alternative investment funds including fund-of-funds and feeder funds.
  • Passion for the application of innovative technology
  • Intermediate Excel skills
  • Excellent organizational skills and attention to detail
  • 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 ability to see the big picture
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavascriptLanguages
    • RubyLanguages
    • ReactLibraries
    • RailsLibraries
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • TerraformFrameworks
    • AnsibleFrameworks
    • DockerFrameworks
    • ElasticSearchDatabases
    • AWSDatabases
    • SketchDesign
    • ConfluenceManagement
    • HubSpotCRM
    • SalesforceCRM

Location

We are located by the historic NY Public Library Flagship & Bryant Park. Within the vicinity, there are variety of subway lines and bus stops.

An Insider's view of iCapital Network

How would you describe the company’s work-life balance?

At iCapital it is not difficult to maintain a healthy work life balance. There is no expectation from nor pressure ever applied by management to work long hours or when at home. Everyone is also encouraged to take full advantage of their PTO which is from four to five weeks each year. Having PTO requests approved is rarely an issue.

David

Vice President, Senior Full Stack Engineer

How do you collaborate with other teams in the company?

Good communication is at the heart of great teamwork. It helps us understand each other, build trust, and increase working efficiency.

Chao

Associate, Junior Full Stack Engineer

How has your career grown since starting at the company?

Leading a team or project, championing best practices in code quality and testing, and spiking on a new technology are a few examples. We regularly hold team lunches and developers are encouraged to present topics or get feedback on solutions. We're encouraged to work across teams and take ownership of initiatives that impact the engineering team.

Zach

Senior Vice President, Senior Engineer

How do you empower your team to be more creative?

The engineering team is organized around specific business and technology functions. Each team is fully responsible for their area from technical design, through development and ongoing production support. Teams operate autonomously with broad ability to inform technical direction and strategy, propose R&D projects and engage in career development.

Chris

Managing Director, Chief Technology Officer

What projects are you most excited about?

iCapital's growth in the last few years has given me new opportunities to work on new projects such as our own KMS encryption service and projects that have improved the performance of our main application. Beyond this, I'm looking forward to expanding our service architecture by incorporating more Node.js.

Juan

Vice President, Full Stack Engineer

What are iCapital Network Perks + Benefits

iCapital Network Benefits Overview

The iCapital Network team has come together to support the health and success of our employees, clients and communities.

We continue to stay connected and operate as a cohesive team despite our physical distance in a remote working environment. Each day at iCapital now starts with an “Opening Bell” email with updates from across the company, and we have implemented additional employee engagement activities including weekly virtual lunches, happy hours, and buddy check-ins to maintain our sense of connection and camaraderie.

We have also successfully welcomed more than 20 new employees in a transformed virtual hiring and onboarding process, providing incoming team members with the best possible experience from the time they first submit an application to iCapital.

iCapital’s Philanthropy Committee has been leading our company’s efforts to support organizations such as Northwell Health and City Harvest, which have been serving on the frontlines within our local communities.

Throughout this time, we remain focused on helping our clients meet their goals – their success is our success. It has never been more important to provide fully automated, digital solutions for our clients to help them conquer remote business operations.

Culture
Volunteer in local community
Friends outside of work
Eat lunch together
Intracompany committees
Daily stand up
Open door policy
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Retirement & Stock Options Benefits
401(K) Matching
Company Equity
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Stocked Kitchen
Some Meals Provided
Employees get free lunch on Friday.
Happy Hours
Happy hours are hosted Once per month.
Fitness Subsidies
Professional Development Benefits
Lunch and learns
Promote from within
Mentorship program
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