ICapital is looking to hire an Associate or Assistant Vice President to join the Hedge Fund Finance team.
This role is hands on with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles (the "funds") in conjunction with third-party administrators.
This position will manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
ResponsibilitiesBuild and maintain relationships with underlying fund managers, fund administrators, and distributors.
Design and implement processes and procedures for servicing the funds.
Work in close partnership with the management team to enhance and automate key processes, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale.
Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
Participate in new fund structuring, setup, and onboarding.
Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch.
Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
Determine subscription/commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
Run accounts payable and expense allocation processes.
Oversee monthly / quarterly feeder fund NAV and statement issuance by the team/administrator and track KPIs.
Review and sign-off on capital calls, distributions, cash analysis, investor allocation files, and notices prepared by third party admins
Define, update, and maintain operating policies and procedures.
Liaise with funds' custodian and funds'