About the job
About the Role
iCapital Network is seeking a highly qualified individual to join our dynamic Fund Finance team. This pivotal role involves overseeing and managing an accounting team dedicated to servicing a rapidly expanding segment of our business. The selected candidate will be responsible for managing hedge and private equity fund-of-funds, as well as access fund vehicles (collectively referred to as the 'funds'), in collaboration with third-party administrators. Additionally, this role entails leading all fund accounting and financial reporting activities directed at investors, which includes capital transactions, partner capital statements, annual audited financial reports, and tax deliverables. The ideal candidate will also take charge of accounting for funds based in Canada, bringing expertise in regulatory and operational reporting intricacies.
Responsibilities
- Act as the accounting and operational authority for the Canadian market, overseeing the structuring, setup, and onboarding of new funds.
- Foster and maintain strong relationships with underlying fund managers, fund administrators, and distribution partners.
- Design and implement robust processes and procedures for fund servicing. Collaborate closely with the management team to streamline and automate key processes, while enhancing product and management reporting to achieve efficiency and scalability.
- Work in tandem with Investor Relations, Product Management, Legal and Compliance, Technology, Sales, and Marketing teams to facilitate fund operations.
- Supervise the performance of fund administrators and other service providers, including auditors, tax service providers, and custodians.
- Monitor investment cash positions and liquidity, perform reconciliations, and manage cash reserves.
- Oversee accounts payable and expense allocation processes.
- Define, update, and maintain operational policies and procedures.
- Liaise with fund custodians and banks, as well as other relevant counterparties.
- Collaborate with legal counsel and the Chief Compliance Officer to ensure compliance with fund documentation and regulatory requirements, including SEC and FINRA filings.
- Execute ad-hoc tasks as directed by the team and various organizational departments.
Qualifications
- Bachelor's degree in Accounting, Finance, Economics, Statistics, or a related field.
- A minimum of 8 years of experience in fund accounting, fund administration, or finance operations, ideally with a focus on alternative investment funds, including fund-of-funds and feeder funds.
- Advanced accounting skills and familiarity with audit frameworks preferred.
- Proficient in FundServ.
- Exceptional skills in Microsoft Excel.
- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Ability to work effectively in a fast-paced, team-oriented environment.