Fund Finance Hedge Funds Accountant - Associate

About the Role

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

•   Work with third-party administrators to ensure all monthly valuations are completed in a timely manner, general ledger entries are accurate, and investments are valued in accordance with fair value market principles.
•  Review fund expenses and accruals and compare them to annual budgets to identify outliers and propose adjustments as necessary.
•  Review investor allocations to confirm profits, losses, and fees are calculated in accordance with the partnership operating agreements.

• Approve investor capital account statements on a monthly basis.
•  Review and approve monthly management fee and trailer calculations.
•  Reconcile accounting data between iCapital and third-party administrator, using automated tools and applications.

• Coordinate with internal and/or external parties to resolve discrepancies.
•  Liaise with underlying fund managers when required.
•  Handle ad hoc requests.
•  Monitor fund's compliance with the partnership operating agreement terms.

Qualifications

•   Bachelor's degree in accounting or finance
•  5+ years of financial services or Asset Management accounting and operations experience.

• Alternative Investments Fund Administration and Operations is a plus
•  Advanced degree and/or credentials, or progress towards, such as 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
•  High level of integrity
•  Willingness to learn new topics and work in an evolving business environment
•  Organized and detail oriented with big picture capability

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 3 days a week with the flexibility to work remotely 2 days.

Benefits

iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.

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