Investor Reporting - 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 $80 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, 2020 and 2021 Forbes FinTech 50, a list of the top 50 innovative financial technology companies that are transforming finance through technology.
About the Role
You will be responsible for the preparation, review and/or distribution of private fund capital event and/or performance updates for private equity and hedge fund-of-funds/feeder funds, You will have regular interaction with industry leading wire houses, as well as investment and accounting professionals at the underlying private equity and hedge funds.
Responsibilities
- Work as part of a team of investment professionals responsible for the preparation and review of client reports for private equity, real estate, secondary and credit fund-of-funds/feeder funds, including:
- On a quarterly basis, review, digest and extract information from reports provided by the underlying private equity sponsors to draft concise, informative updates for our access fund investors.
- Prepare, analyze and review quantitative fund and portfolio company performance information for inclusion in investor reports. Liaise with administrators to determine correct quantitative data for reporting purposes. Ability to understand portfolio company performance and fund valuation drivers is critical.
- Coordinate internal Compliance review and approvals.
- Ensure timely distribution of reports to clients and relationship managers.
- Administer monthly Hedge Fund fact card reporting.
- Draft capital call and distribution notices to investors.
- Maintain ongoing communication with underlying financial sponsors regarding portfolio company activities and their impact on valuation.
- With other members of team, coordinate periodic investment portfolio and valuation reviews.
- Serve as a private equity product specialist in connection with requests for information from relationship managers and clients (i.e., regarding fund performance, capital calls, and other fund-related activities), as well as fund performance update meetings.
Qualifications
- Bachelor’s degree
- Previous experience in report writing, investor communications and also possess strong finance and business writing skills
- 2-5 years’ relevant experience preferably with hedge fund, private equity and/or real estate industry experience
- Motivated; detail oriented, and must be able to independently solve problems
- Strong knowledge of Excel and have experience with presentation of data to varied consumers.
- Strong communication skills are essential, as the success of this position requires continual interaction with external partners, internal business and finance managers on a global basis
- Ability to handle multiple tasks and prioritize assignments with excellent time management skills
- Proactive team player with positive attitude, willingness to roll up one’s sleeves and get the job done, and a desire to work in a fast-moving entrepreneurial environment
- Microsoft office skills required (Word, Excel, PowerPoint)
Benefits
iCapital offers a comprehensive benefits package that includes a competitive total compensation program consisting of salary, equity for all full-time employees, annual performance bonus, 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 or New York, NY 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.