This is a hands‑on operational role with end‑to‑end responsibility for Direct (Evergreen) funds and fund sponsors, working closely with third‑party administrators to oversee fund accounting and investor reporting, including capital activity, financial statements, audits, and tax deliverables, while ensuring accuracy, timeliness, and compliance. The role operates within the dynamics of UCI PT2 structures, supporting product enhancements such as hedged share classes, and therefore benefits from an entrepreneurial mindset and interest in product innovation.

Responsibilities

• Partner with third‑party administrators to ensure timely completion of monthly valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.
• Review fund expenses and accruals against approved annual budgets, identify variances or outliers, and propose appropriate adjustments.
• Review investor allocations to ensure profits, losses, and fees are calculated in accordance with partnership operating agreements.
• Review and oversee hedged share classes, including related calculations and reporting impacts.
• Review and approve monthly investor capital account statements.
• Review and approve monthly management fee and trailer fee calculations.
• Reconcile accounting data between iCapital systems and third‑party administrators using automated tools and applications.
• Coordinate with internal and external stakeholders to investigate and resolve accounting or reporting discrepancies.
• Monitor fund compliance with partnership operating agreement terms and escalation of issues where required.
• Handle ad hoc operational, accounting, and reporting requests as they arise.
• Liaise closely with Portfolio Managers and internal business partners.
• Act as the Fund Finance primary point of contact for the GP in Direct Investing Fund structures, including: 
• Responding to ad hoc queries and providing ongoing operational and business support
• Proactively communicating key deliverables, timelines, and dependencies
• Supporting the setup of new share classes and coordinating new fund or product implementations

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.
• 5+ years of experience in fund accounting, fund operations, or asset management within financial services.
• Big 4 accounting or audit experience is a plus.
• Experience with Alternative Investment fund administration and operations is a strong plus.
• Solid understanding of capital activity, investor allocations, fee structures, and partnership accounting.
• Knowledge of hedging strategies and hedged share classes.
• Strong attention to detail with the ability to maintain a broader, strategic perspective.
• Highly organized with the ability to manage multiple priorities in a fast‑paced environment.
• Willingness to learn and adapt in an evolving business and regulatory environment.
• Passion for leveraging technology and automation to improve operational efficiency.
• Proven ability to work independently while collaborating effectively within cross‑functional teams.
• Strong verbal, written, and interpersonal communication skills.
• High level of integrity and professionalism.

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

About the Role

iCapital is launching a new, dedicated line of business to provide a comprehensive, end-to-end solution for a sophisticated and rapidly growing fund structure, the '34 Act Registered Fund’. This innovative structure allows the General Partner (GP) clients to access the high-net-worth market at scale, and the service model allows them to do so efficiently by relying on operational expertise.

The Fund Finance team is the operational engine at the heart of this new business line. iCapital is seeking a meticulous and driven Assistant Vice President to execute the critical accounting, valuation, and reporting functions for these funds. This individual will be responsible for the integrity of the fund's financial data, including the daily review of its portfolio.

This role offers a unique opportunity to gain deep expertise in a complex, high-growth product, work directly with public reporting and be a key part of the team that ensures the accuracy and timeliness of the information we provide to clients and their investors.

Responsibilities

• Perform detailed reviews of the monthly NAV packages prepared by third-party fund administrators.
• Reconcile cash, positions, and activity between the administrator and custodian.
• Validate portfolio valuations to ensure they align with data provided by the GP and their independent valuation advisor.
• Recalculate management and incentive fees to verify accuracy.
• Review and approve fund-level expense payments and accruals.
• Assist in the preparation and review of financial statements and schedules for quarterly (Form 10-Q) and annual (Form 10-K) SEC filings.
• Act as a key liaison with the fund's external auditors, managing the end-to-end annual audit process.
• Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
• Leverage iCapital technology to create and publish monthly NAV statements and fact cards for investors and distribution partners.
• Contribute to the oversight of the third-party tax provider to ensure timely and accurate delivery of investor K-1s.
• Calculate proration factors for oversubscribed quarterly tender offers.
• Assist in the development and maintenance of internal controls over financial reporting to comply with regulatory requirements.
• Contribute to the maintenance of our SOC-1 report to include the '34 Act fund servicing model.
• Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.

Qualifications

• 5+ years of experience in fund accounting or public accounting (with a focus on alternative investment management clients)
• Strong knowledge of investment company accounting under US GAAP is required
• Experience with registered funds ('40 Act and '34 Act) and familiarity with SEC reporting requirements (Form 10-K, 10-Q)
• Able to manage complex financial data with a commitment to being accurate and meticulous
• Demonstrated ability to work in a team and work effectively with internal partners and external service providers
• CPA is preferred

Benefits

The base salary range for this role is $85,000 to $110,000.  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 Monday-Thursday, with the flexibility to work remotely on Friday.

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/

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.

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

• Build and maintain relationships with underlying fund managers, fund administrator 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, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale
• Work closely with investor relations, product, legal and compliance, technology, and sales & marketing teams to support fund operations
• Participate in new fund structuring, set up and onboarding
• Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians
• Monitor cash positions and liquidity of investments, reconciliations and manage cash reserves 
• Run accounts payable and expense allocation process 
• Define, update and maintain operating policies and procedures
• Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed 
• Work with counsel/CCO to ensure general compliance with fund docs as well as regulatory filings and requirements such as SEC and FINRA 
• Ad-hoc activities as required by the team and different parts of the organization

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, Statistics or another business-related field
• 3-4 years of fund accounting, fund administration or finance operations experience (prefer a focus on alternative investment funds including fund-of-funds and feeder funds, but not necessary).
• Passion for the application of innovative technology
• Advanced accounting skills, with a preference for experience within an audit framework
• Advanced Excel skills
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail
• 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 ability to see the big picture

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

About the Role

iCapital is looking to hire an Associate or Assistant Vice President 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 “funds”) in conjunction with third-party administrators. This position will manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Responsibilities

• 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, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale.
• Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• Participate in new fund structuring, setup, and onboarding.
• 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.
• Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
• Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves. 
• Determine subscription/commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
• Run accounts payable and expense allocation processes. 
• Oversee monthly / quarterly feeder fund NAV and statement issuance by the team/administrator and track KPIs.
• Review and sign-off on capital calls, distributions, cash analysis, investor allocation files, and notices prepared by third party admins
• Define, update, and maintain operating policies and procedures.
• Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
• Work with 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 team and different parts of the organization.

Qualifications

• Bachelor’s degree in accounting, finance, economics, statistics, or another business-related field
• 3-8 years of fund accounting, fund administration, or finance operations experience.  A focus on alternative investment funds including fund-of-funds and feeder funds is preferred
• Passion for the application of innovative technology
• Advanced accounting skills and experience within an audit framework is preferred
• Advanced Excel skills
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail with ability to see the big picture
• 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
• Eager to learn new topics and work in an evolving business environment

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