Hedge Fund Finance - Associate

iCapital is looking to hire an Associate to join the Hedge Fund Finance team. This role is hands on with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles. The ideal candidate will manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Requirements

• Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
• Design and implement processes and procedures for servicing the funds.
• Work in close partnership with the Management team to enhance and automate key processes while developing and enhancing product, management, and other reporting to target efficiency and scale.
• Work closely with the Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• Participate in new fund structuring, setup, and onboarding.
• Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
• Oversee monthly and quarterly feeder fund NAV and statement issuance by the team or administrator and track KPIs.
• Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
• Determine subscription and commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
• Run accounts payable and expense allocation processes.
• Define, update, and maintain operating policies and procedures.
• Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
• Work with the counsel and CCO to ensure general compliance with fund docs as well as regulatory filings and requirements such as SEC and FINRA.
• Fulfill ad-hoc tasks as required by the client, team, and different parts within the organization.

Benefits

• 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).
• Annual performance bonus
• Salary range of $70,000 to $85,000