Private Equity Fund Finance - Assistant Vice President

Institutional Capital Network, Inc. d/b/a iCapital

AVP Private Equity Fund Finance

New York, NY

In-office role

Responsibilities: Build and maintain relationships with underlying fund managers, fund administrators, and distributors. Design and implement processes and procedures for servicing the funds. Partner closely with the management team to enhance and automate key processes, and 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. 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. Run accounts payable and expense allocation processes. Define, update, and maintain operating policies and procedures. Liaise with funds’ custodian and funds’ banks, as well as other counterparties as needed. Fulfill ad-hoc tasks as required by the team and different parts of the organization. This includes regulatory reporting, audits, tax filings, SOC-1, etc. Review quarterly NAV workpapers, reconcile general ledger, and create Partner’s Capital Statements. Analyze and recommend cash, prepare and execute Capital Events. Review quarterly Management Fee calculations. Coordinate with fund administrators on payment of vendor invoices and review of wires. Field questions from advisors regarding client questions. Major projects include but not limited to: reconciling Back Book data into iCapital platform, standardize processes across department, implement platform initiatives (workflow, fee module, fund master)

Salary: $135,000/year

This is an in-office role based out of our New York City office. 

Requirements: Bachelor’s degree in Accounting, Business Administration, Finance, or a related field and four years of experience in the job offered or four years of finance/auditing experience. Experience must include four years each of the following: reviewing Net Asset Value (NAV) closing packages; supporting audit processes and reviewing financial statements; alternative investment funds including fund-of-funds and feeder funds; developing products, management and other reporting methods; calculating management fees applying data from LPA and PPM; and underlying partners capital statements. Experience may be gained concurrently.