About the job
About the Role
iCapital Network is seeking a driven and detail-oriented Assistant Vice President to join our dynamic Fund Finance team. This pivotal role involves leading an accounting team dedicated to servicing a rapidly expanding sector of our business. You will be instrumental in managing the accounting and investor reporting for hedge funds of funds, private capital funds of funds, and mutual fund trusts in collaboration with third-party administrators. Your responsibilities will include overseeing all fund accounting and financial reporting to investors, which encompasses capital activities, partner capital statements, annual audited financials, and tax deliverables. Additionally, you will support the accounting lead for Canada-based funds, utilizing your expertise in regulatory and operational reporting nuances.
Responsibilities
- Serve as a key member of the accounting and operational team, providing exceptional service to iCapital’s clients in Canada.
- Establish and nurture relationships with clients, including distributors, underlying fund managers, fund administrators, and various service providers.
- Collaborate closely with teams across Fund Origination, Investor Relations, Legal and Compliance, Technology, Sales, and Marketing to ensure seamless fund operations.
- Oversee the review and control of NAV packages, capital events, and management fee calculations performed by fund administrators.
- Monitor cash positions and the liquidity of investments, ensuring accurate cash reconciliations and effective management of cash reserves.
- Manage accounts payable and expense allocation processes efficiently.
- Maintain accurate investor and investment data within the iCapital platform utilizing proprietary technology tools.
- Define, update, and uphold operating policies and procedures that guide the fund finance operations.
- Liaise with fund custodians and banks, along with other necessary counterparties, to facilitate smooth operations.
- Address ad-hoc requests as they arise to support the team and clients.
Qualifications
- Bachelor’s degree in accounting or related field is preferred.
- A minimum of 5 years' experience in fund accounting, fund administration, or finance operations, with a focus on alternative investment funds such as fund-of-funds and feeder funds.
- Strong accounting skills and experience operating within an audit framework is highly desirable.
- Familiarity with Fundserv is advantageous.
- Proficiency in advanced Excel functionalities.
- Demonstrated teamwork capability and willingness to collaborate closely on all tasks.
- Exceptional organizational skills and keen attention to detail, coupled with the ability to maintain a holistic view.
- Proven ability to manage multiple tasks effectively and work independently when necessary.
