Fund Admin

Job Description

iCapital is looking for an Associate to join their Fund Administration and Operations team with a focus on PE fund administration. This position will report to the Senior Vice President, Fund Administration and work closely with various teams across iCapital on a variety of matters with responsibilities to include:

• Define, implement and maintain processes and procedures for servicing private equity feeder and multi‑manager funds
• Work in close partnership with product and technology teams to enhance and automate key operational processes, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale
• Participate in new fund structuring, set up and onboarding new products with administrators and custodians
• Operational responsibility for servicing private equity funds in conjunction with third‑party administrator:
  • Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians
  • Manage all fund accounting and financial reporting to investors, including RIA and DTCC position reporting
  • Follow and adhere to procedures for all subscriptions / redemptions / capital calls / distributions
  • Oversee quarterly and annual reporting to investors, their advisors and custodians through iCapital’s proprietary reporting platform
  • Liaise with custodians as well as other counter parties as needed
  • Work with counsel and CCO to resolve problems as it pertains to general fund administration issues in a timely fashion to ensure general compliance with fund docs, SEC and FINRA
  • Monitor fund cash positions and reconciliations, manage cash reserves
  • Run accounts payable and expense allocation process
  • Oversee annual financial audits and tax deliverables
• Ad-hoc activities as required by different parts organization

• Bachelor’s degree in Finance, Accounting or other business‑related field; CPA or other accounting designation a plus
• 2-5 years of accounting and operations experience, with a focus on PE fund administration and operations. Feeder and multimanager fund experience is highly desired
• Passion for the application of innovative technology
• Understanding of product management processes, a plus
• 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 detailed oriented with big picture capability

All your information will be kept confidential according to EEO guidelines.