Private Capital Fund Finance, iCapital
Associate
$80-115k
+ Equity and annual performance bonus
4 days a week in office
Fintech platform for alternative investments
Job no longer available
Fintech platform for alternative investments
1001+ employees
Job no longer available
$80-115k
+ Equity and annual performance bonus
4 days a week in office
1001+ employees
Company mission
To power the world’s alternative investment marketplace.
Role
Who you are
- Bachelor’s degree in accounting or finance
- 2-5 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 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
- Willingness to learn new topics and work in an evolving business environment
- Organized and detail oriented with big picture capability
What the job involves
- ICapital is looking for an Associate to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties
- This individual will work closely with other team members, vendors, management, and clients on a variety of accounting and reporting processes
- This role will report to the Vice President, Fund Finance Private Equity
- Work with third-party administrators to ensure all quarterly 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 quarterly basis
- Review and approve quarterly management fee and platform calculations
- Determine review of third-party administrator’s preparation and coordination of investor capital calls and distributions, in coordination with the third-party administrator, including investor allocation calculations and call and distribution notices
- Reconcile accounting data between iCapital and third-party administrators, using automated tools and applications. Coordinate with internal and/or external parties to resolve discrepancies
- Liaise with underlying fund managers when required
- Facilitate and work with iCapital Technology and Product teams to improve the overall end user’s experience
- Work with iCapital’s implementation teams with regards to new business and fund launches
- Provide support and oversight for both backbook and frontbook iCapital clients
- Monitor fund’s compliance with the partnership operating agreement terms
- Review of the preparation of annual fund financial statements in accordance with US GAAP
- Oversee and coordinate the fund’s annual audit process including managing relationships with external auditors
Our take
Alternative investing can yield huge profits, but it can often be inaccessible, even to enterprises. iCapital solves this problem by guiding large-scale businesses through the alternative investing process.
Since launching in 2013, iCapital has provided enterprises with an investing marketplace. Its focus has been on banking, wealth management, and asset management companies, and iCapital now serves clients such as JP Morgan, Evercore, and Rockefeller. As of February 2023, the company services over $153 billion in global client assets, clear evidence of industry confidence in the company.
iCapital's impact on the financial world is undeniable, forging strong and profitable partnerships with leading institutions like Morgan Stanley. With a proven track record and a rapidly growing platform, iCapital is poised for significant further expansion in the years to come.
Steph
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 7 rounds)
Jul 2025
$820m
LATE VC
Dec 2021
$50m
LATE VC
Total funding: $1.5bn
Company HQ
Murray Hill, New York, NY
Leadership
Lawrence Calcano
(CEO)Previously worked as Director of Capitol Acquisition Corp., and served as Director of Vibrant Emotional Health for 10 years.
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