Financial Reporting Intern, iCapital
Pay Rate: $41.00/hour + relocation stipend and transportation stipend
More information about location
5 days a week in office
Fintech platform for alternative investments
Be an early applicant
Fintech platform for alternative investments
1001+ employees
Be an early applicant
Pay Rate: $41.00/hour + relocation stipend and transportation stipend
More information about location
5 days a week in office
1001+ employees
Company mission
To power the world’s alternative investment marketplace.
Role
Who you are
- Highly inquisitive, collaborative, and a creative problem solver
- Possess foundational knowledge of and/or genuine interest in the financial markets
- Able to thrive in a fast-paced environment
- Able to adapt to new responsibilities and manage competing priorities
- Technologically proficient in Microsoft Office (Excel, PowerPoint)
- Strong verbal and written communication skills
- A rising junior or senior in a U.S. college/university bachelor’s degree program
- Committed to working five days a week in the New York City office for the entire duration of the internship
- Authorized to work in the United States*
What the job involves
- 2025 iCapital U.S. Summer Internship
- Department: Corporate Finance
- Join us this summer and make a meaningful impact while developing your professional skills in a dynamic team environment. Help shape the future of Fintech in the global Alternative Investment space
- Become a key member of the iCapital team, driving initiatives, contributing to projects, and potentially jumpstart your career with us after graduation
- Immerse yourself in an inclusive company culture where we create a sense of belonging for everyone
- Gain exclusive access to the AltsEdge Certificate Program, our award-winning alternative investments education curriculum for wealth managers
- Attend recurring iLearn seminars and platform demos where you will learn the latest about our products
- Participate in an intern team project, culminating in an end-of-summer presentation to a panel of senior executives
- Join senior executive speaker seminars that provide career development, guidance, and access to the leaders at iCapital
- The ideal candidate will demonstrate and practice both their accounting knowledge and soft skills in a professional setting while supporting the Financial Reporting team
- The individual will assist with financial reporting, controls documentation, tax, and other ad hoc projects daily
- The Financial Reporting intern will be on the Corporate Finance team and report to the Head of Corporate Reporting
- Prepare journal entries and balance sheet reconciliations for domestic and internal accounts and entities
- Coordinate with third party accountants on monthly journal entries for international entities
- Assist with the preparation of financial statements including monthly balance sheets, income statements, statements of changes in equity, statements of cash flows, and intercompany reconciliations
- Preparation of financial statements for ad hoc investor requests
- Assist with the maintenance of accounting records and files
- Review and tie notes to financial statements for various domestic and international entities
- Join interim audit and accounting policy discussions with third party accounting firm
- Assist with research and documentation of GAAP compliant accounting policies
- Support regular review of internal controls around accounting and reporting through controls documentation project
- Assist with the preparation of remediation plans for internal control gaps identified
- Potentially coordinate with third party firm around testing of internal controls
- Help coordinate internal requests for information required for the preparation of the Company’s federal and state annual tax returns
- Assist with various monthly and quarterly tax return preparation and filings for certain states
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
Insights
Few candidates hear
back within 2 weeks
42% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Dec 2021
$50m
LATE VC
Jul 2021
$440m
GROWTH EQUITY VC
Total funding: $680.6m
Company HQ
Murray Hill, New York, NY
Articles
Leadership
Lawrence Calcano
(CEO)Previously worked as Director of Capitol Acquisition Corp., and served as Director of Vibrant Emotional Health for 10 years.
Salary benchmarks
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Diversity, Equity & Inclusion at iCapital
- We consider applicants of all backgrounds. If you are excited about what we’re building but don't meet some of the criteria above, please don’t let that discourage you from applying
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