Private Capital Fund Finance - Assistant Vice President

Private Capital Fund Finance - Assistant Vice President

Salt Lake City, Utah, United States

iCapital is looking for an Assistant Vice President 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. The role reports 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 with annual budgets to identify outliers and propose adjustments as needed.
• Review investor allocations to confirm profits, losses, and fees are calculated in accordance with partnership operating agreements. Approve investor capital account statements on a quarterly basis.
• Review and approve quarterly management fee and trailer calculations.
• Determine review of third‑party administrator’s preparation and coordination of investor capital calls and distributions, in coordination with the administrator, including investor allocation calculations and call and distribution notices.
• Reconcile accounting data between iCapital and the third‑party administrator, using automated tools and applications. Coordinate with internal and/or external parties to resolve discrepancies.
• Liaise with underlying fund managers when required.
• Handle ad‑hoc requests.
• Monitor fund compliance with partnership operating agreement terms.
• Review preparation of annual fund financial statements in accordance with U.S. GAAP.

• Bachelor’s degree in accounting or finance.
• 6‑10+ years of financial services or asset management accounting and operations experience; alternative investments fund administration and operations experience is a plus.
• Advanced degree and/or professional credentials (MBA, CPA, CFA, CAIA) or progress toward such qualifications 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.
• High level of integrity.
• Willingness to learn new topics and work in an evolving business environment.
• Organized and detail‑oriented with a big‑picture capability.

The base salary range for this role is $85,000 to $110,000. iCapital offers a compensation package that includes salary, equity for all full‑time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer‑matched retirement plan, subsidized healthcare with 100% employer‑paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

Employees in this role will work in the office Monday‑Thursday, with the flexibility to work remotely on Friday.

iCapital is proud to be an Equal Employment Opportunity and affirmative action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.