About the RoleAs a key member of the team, this individual will play an important role in maintaining the accuracy, integrity, and operational excellence of fund accounting processes that support innovative retirement investment solutions. The organization is enhancing existing approaches, driving the future of retirement investing through new structures, expanded access to alternatives, and a commitment to operational excellence.
Responsibilities- Perform detailed reviews of the monthly NAV packages prepared by third-party fund administrators.
- Reconcile cash, positions, and activity between the administrator and custodian.
- Validate portfolio valuations to ensure they align with data provided by the GP and their independent valuation advisor.
- Recalculate management and incentive fees to verify accuracy.
- Review and approve fund-level expense payments and accruals.
- Assist in the preparation and review of financial statements and schedules for quarterly (Form 10-Q) and annual (Form 10-K) SEC filings.
- Act as a key liaison with the fund's external auditors, managing the end-to-end annual audit process.
- Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
- Leverage iCapital technology to create and publish monthly NAV statements and fact cards for investors and distribution partners.
- Contribute to the oversight of the third-party tax provider to ensure timely and accurate delivery of investor K-1s.
- Calculate proration factors for oversubscribed quarterly tender offers.
- Assist in the development and maintenance of internal controls over financial reporting to comply with regulatory requirements.
- Contribute to the maintenance of our SOC-1 report to include the '34 Act fund servicing model.
- Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.
Qualifications- 5+ years of experience in fund accounting or public accounting with a focus on alternative investment management clients
- Experience with Collective Investment Trust (CIT) Accounting strongly preferred
- Strong knowledge of investment company accounting under US GAAP is required
- Experience with registered funds ('40 Act and '34 Act) and familiar with SEC reporting requirements (Form 10-K, 10-Q)
- Able to manage complex financial data with a commitment to being accurate and meticulous
- Demonstrated ability to work on a team and work effectively with internal partners and external service providers
- CPA certification is preferred
BenefitsThe base salary range for this role is $110,000 to $145,000. iCapital offers a compensation package which 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, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.
