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Experience Level
Mid to Senior
Qualifications
Key Responsibilities
Conduct thorough reviews of the monthly NAV packages prepared by third-party fund administrators.
Reconcile cash, positions, and activities between the fund administrator and custodian.
Validate portfolio valuations to ensure consistency with data provided by the GP and their independent valuation advisors.
Recalculate management and incentive fees for accuracy verification.
Review and authorize 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, overseeing the entire annual audit process.
Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
Utilize iCapital technology to generate and distribute monthly NAV statements and fact cards for investors and distribution partners.
Oversee 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 developing and maintaining internal controls for financial reporting compliance with regulatory standards.
Contribute to the upkeep of our SOC-1 report, incorporating the '34 Act fund servicing model.
Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.
About the job
About the Role
iCapital Network is excited to unveil a new business line dedicated to offering a holistic, end-to-end solution tailored for the sophisticated and rapidly evolving '34 Act Registered Fund' structure. This cutting-edge framework allows our General Partner (GP) clients to tap into the high-net-worth market efficiently and effectively, leveraging our operational expertise.
The Fund Finance team serves as the operational backbone of this innovative initiative. We are seeking a detail-oriented and motivated Assistant Vice President to manage essential accounting, valuation, and reporting functions for these funds. This role is pivotal in ensuring the integrity of the fund's financial data, including the daily assessment of its portfolio performance.
This position presents an exceptional opportunity to develop deep expertise in a complex, high-growth product, engage directly with public reporting, and play a vital role in maintaining the accuracy and timeliness of the information we provide to clients and their investors.
About iCapital Network
iCapital Network is at the forefront of transforming the investment landscape, providing innovative solutions that enable access to alternative investments for a broader audience. Our commitment to operational excellence and client service positions us as a leader in the industry, dedicated to helping our clients achieve their financial goals.
Assistant Vice President - Fund Finance, 34 Act Registered Funds
Clicking Apply Now takes you to AutoApply where you can tailor your resume and apply.
Unlock Your Potential
Generate Job-Optimized Resume
One Click And Our AI Optimizes Your Resume to Match The Job Description.
Is Your Resume Optimized For This Role?
Find Out If You're Highlighting The Right Skills And Fix What's Missing
Experience Level
Mid to Senior
Qualifications
Key Responsibilities
Conduct thorough reviews of the monthly NAV packages prepared by third-party fund administrators.
Reconcile cash, positions, and activities between the fund administrator and custodian.
Validate portfolio valuations to ensure consistency with data provided by the GP and their independent valuation advisors.
Recalculate management and incentive fees for accuracy verification.
Review and authorize 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, overseeing the entire annual audit process.
Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
Utilize iCapital technology to generate and distribute monthly NAV statements and fact cards for investors and distribution partners.
Oversee 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 developing and maintaining internal controls for financial reporting compliance with regulatory standards.
Contribute to the upkeep of our SOC-1 report, incorporating the '34 Act fund servicing model.
Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.
About the job
About the Role
iCapital Network is excited to unveil a new business line dedicated to offering a holistic, end-to-end solution tailored for the sophisticated and rapidly evolving '34 Act Registered Fund' structure. This cutting-edge framework allows our General Partner (GP) clients to tap into the high-net-worth market efficiently and effectively, leveraging our operational expertise.
The Fund Finance team serves as the operational backbone of this innovative initiative. We are seeking a detail-oriented and motivated Assistant Vice President to manage essential accounting, valuation, and reporting functions for these funds. This role is pivotal in ensuring the integrity of the fund's financial data, including the daily assessment of its portfolio performance.
This position presents an exceptional opportunity to develop deep expertise in a complex, high-growth product, engage directly with public reporting, and play a vital role in maintaining the accuracy and timeliness of the information we provide to clients and their investors.
About iCapital Network
iCapital Network is at the forefront of transforming the investment landscape, providing innovative solutions that enable access to alternative investments for a broader audience. Our commitment to operational excellence and client service positions us as a leader in the industry, dedicated to helping our clients achieve their financial goals.