Private Capital Fund Finance- Vice President
iCapital, Salt Lake City, UT, United States
About The Role
iCapital is looking for a Vice President to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, senior management, and clients on a variety of accounting and reporting processes. This role will report to the Managing Director, Fund Finance Private Equity.
Responsibilities
Lead and manage a team of 3‑4 professionals responsible for oversight of a portfolio of private equity and hedge fund feeder funds.
Work with the implementation teams regarding new business and fund launches.
Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
Review quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.
Review and sign‑off on capital call and distribution cash analysis, investor allocation files and notices prepared by third‑party admins and Associate or Assistant Vice President members of the Fund Finance team.
Participate in management‑level meetings internally and externally.
Facilitate and work with the technology and product teams to drive process automation and efficiency.
Monitor fund’s compliance with the partnership operating agreement terms.
Oversee the funds’ progress on preparation of annual fund financial statements in accordance with US GAAP.
Help prepare and oversee other periodic and ad‑hoc reporting in collaboration with compliance, legal and other internal and external stakeholders.
Qualifications
Bachelor’s degree in accounting or finance
10‑15 years of fund management accounting and operations experience with a focus on alternatives
Advanced degree and credentials, or progress toward an MBA, CPA, CFA, or CAIA designation is a plus
Passion for the application of innovative technology
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
Willingness to learn new topics and work in an evolving business environment
Organized and detail oriented with big‑picture capability
Benefits The base salary range for this role is $125,000 to $155,000. 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). The role is based in the office Monday‑Thursday, with the flexibility to work remotely on Friday.
iCapital 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.
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Responsibilities
Lead and manage a team of 3‑4 professionals responsible for oversight of a portfolio of private equity and hedge fund feeder funds.
Work with the implementation teams regarding new business and fund launches.
Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
Review quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.
Review and sign‑off on capital call and distribution cash analysis, investor allocation files and notices prepared by third‑party admins and Associate or Assistant Vice President members of the Fund Finance team.
Participate in management‑level meetings internally and externally.
Facilitate and work with the technology and product teams to drive process automation and efficiency.
Monitor fund’s compliance with the partnership operating agreement terms.
Oversee the funds’ progress on preparation of annual fund financial statements in accordance with US GAAP.
Help prepare and oversee other periodic and ad‑hoc reporting in collaboration with compliance, legal and other internal and external stakeholders.
Qualifications
Bachelor’s degree in accounting or finance
10‑15 years of fund management accounting and operations experience with a focus on alternatives
Advanced degree and credentials, or progress toward an MBA, CPA, CFA, or CAIA designation is a plus
Passion for the application of innovative technology
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
Willingness to learn new topics and work in an evolving business environment
Organized and detail oriented with big‑picture capability
Benefits The base salary range for this role is $125,000 to $155,000. 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). The role is based in the office Monday‑Thursday, with the flexibility to work remotely on Friday.
iCapital 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.
#J-18808-Ljbffr