iCapital
Hybrid

Private Credit Portfolio Manager - Senior Vice President

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Employer Provided Salary: 260,000-300,000 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.

iCapital 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 $180 billion in global client assets invested in 1,441 funds, as of February 2024.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2023); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is looking for a Senior Vice President to join the Portfolio Management team who will be responsible for building and managing a portfolio of senior secured private credit loans made alongside prominent third-party lenders.  This investment professional will play an integral role in helping grow both our evergreen registered fund business and Direct Private Investment program.

Responsibilities

  • Perform deep credit research and due diligence on new private credit co-investment opportunities alongside third-party lenders.
  • Manage private credit portfolio construction.
  • Oversee financial underwriting models.
  • Present investment committee memos.
  • Discuss overall strategy, portfolio, and specific co-investments with investors, as needed.
  • Monitor the portfolio by reviewing quarterly updates, conducting calls with the third-party lenders, and tracking any impairments closely.
  • Mentor and oversee junior investment professionals.
  • Collaborate with various internal teams such as Distribution, Finance, Legal and Compliance.

Qualifications

  • 10+ years of relevant experience in private credit (direct investments and/or co-investments) with a focus on senior secured, unitranche and mezzanine lending  
  • Considerable experience in analyzing private companies, loan covenants and structural protections, as well as overseeing risk management in the construction of a private credit portfolio
  • Extensive experience in the middle market, preferably with a focus on sponsor-backed companies
  • Strong qualitative and quantitative analytical capabilities in the private credit sector
  • Excellent verbal communication skills
  • Able to problem-solve and make logical recommendations under pressure
  • Professional and confident demeanor, including comfort interacting with senior personnel in the industry

Benefits

The base salary range for this role is $260,000 to $300,000.  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 healthcare 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 four days, with the flexibility to work remotely one day. Every department has different needs, and some positions will be designated in-office jobs, based on their function.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

 

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What are iCapital Perks + Benefits

Culture
Volunteer in local community
The 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 communities
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Quarterly engagement surveys
Hybrid work model
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
A 100% employer paid benefit
Vision insurance
A 100% employer paid benefit
Health insurance
To help lower the cost of employee monthly healthcare premiums, we offer a rich benefits program that's generously employer subsidized
Life insurance
Wellness programs
We partner with United Healthcare Oxford and offer their Sweat Equity Program for gym reimbursement
Mental health benefits
We offer First Stop Health, an employer paid benefit, providing 24/7 telemedicine and virtual mental health counseling to both employees and their families
Financial & Retirement
401(K)
401(K) matching
We match 100% of an employee's contributions up to 3% of their annual gross salary
Company equity
Employee stock purchase plan
We allow qualified employees to purchase company shares.
Performance bonus
Child Care & Parental Leave
Generous parental leave
Family medical leave
Return-to-work program post parental leave
Vacation + Time Off
Unlimited vacation policy
Paid volunteer time
Paid holidays
Paid sick days
We offer unlimited sick time to all full time employees
Office Perks
Commuter benefits
Company-sponsored outings
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
We host monthly themed happy hours
Recreational clubs
Mother's room
Professional Development
Job training & conferences
Lunch and learns
Promote from within
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Paid industry certifications
The certificate provided is related to the employee's role and considered a necessity for them to perform their job function.
Personal development training

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