This is a handson operational role with endtoend responsibility for Direct (Evergreen) funds and fund sponsors, working closely with thirdparty administrators to oversee fund accounting and investor reporting, including capital activity, financial statements, audits, and tax deliverables, while ensuring accuracy, timeliness, and compliance. The role operates within the dynamics of UCI PT2 structures, supporting product enhancements such as hedged share classes, and therefore benefits from an entrepreneurial mindset and interest in product innovation.
Responsibilities
- Partner with thirdparty administrators to ensure timely completion of monthly valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.
- Review fund expenses and accruals against approved annual budgets, identify variances or outliers, and propose appropriate adjustments.
- Review investor allocations to ensure profits, losses, and fees are calculated in accordance with partnership operating agreements.
- Review and oversee hedged share classes, including related calculations and reporting impacts.
- Review and approve monthly investor capital account statements.
- Review and approve monthly management fee and trailer fee calculations.
- Reconcile accounting data between iCapital systems and thirdparty administrators using automated tools and applications.
- Coordinate with internal and external stakeholders to investigate and resolve accounting or reporting discrepancies.
- Monitor fund compliance with partnership operating agreement terms and escalation of issues where required.
- Handle ad hoc operational, accounting, and reporting requests as they arise.
- Liaise closely with Portfolio Managers and internal business partners.
- Manage the team deliverables and
- Act as the Fund Finance primary point of contact for the GP in Direct Investing Fund structures, including:
- Responding to ad hoc queries and providing ongoing operational and business support
- Proactively communicating key deliverables, timelines, and dependencies
- Supporting the setup of new share classes and coordinating new fund or product implementations
Qualifications
- Bachelors degree in accounting, Finance, or a related field.
- 5+ years of experience in fund accounting, fund operations, or asset management within financial services.
- Big 4 accounting or audit experience is a plus.
- Experience with Alternative Investment fund administration and operations is a strong plus.
- Solid understanding of capital activity, investor allocations, fee structures, and partnership accounting.
- Knowledge of hedging strategies and hedged share classes.
- Strong attention to detail with the ability to maintain a broader, strategic perspective.
- Highly organized with the ability to manage multiple priorities in a fastpaced environment.
- Monitor and drive team performance against deliverables, fostering accountability and operational excellence.
- Willingness to learn and adapt in an evolving business and regulatory environment.
- Passion for leveraging technology and automation to improve operational efficiency.
- Proven ability to work independently while collaborating effectively within crossfunctional teams.
- Strong verbal, written, and interpersonal communication skills.
- High level of integrity and professionalism.
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 4 days a week with the flexibility to work remotely 1 day ( Friday).
Benefits
iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
