Private Equity Fund Finance - Analyst
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
iCapital is looking for an Analyst to join its Fund Finance team to focus on Private Capital Fund Accounting and Administration duties. This position will report to the Senior Vice President and work closely with other team members, vendors, and the client on a variety of matters.
Responsibilities
- Maintain cash related processes and procedures for servicing private equity feeder funds
- Provide the operational control over the third-party administrator and transfer agent which includes review and approval of all cash related entries, bank reconciliations, allocations of cash between funds, and reconciling cash projections
- Provide vendor management of third-party fund administrators and bank custodians
- Follow and adhere to procedures for all processes performed within the Fund Finance Cash Team including capital call and distribution calculations, internal communications, and communications to vendors
- Monitor cash positions and reconciliations, manage cash reserves, and escalate variances when appropriate
- Facilitate ad-hoc requests from various teams within the organization including Fund data requests, investor requests, and client requests
Qualifications
- Bachelor’s degree in Accounting
- Strong organizational skills
- Strong verbal, written, and interpersonal communication skills
- Ability to escalate and communicate effectively
- High level of integrity
- Passion for the application of innovative technology
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 Princeton, NJ 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.