Fund Accountant - Associate

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $200 billion in global client assets invested in 1,634 funds, as of September 2024.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below).

About the Role

Want more jobs like this?

Get jobs in Lisbon, Portugal delivered to your inbox every week.

Get Jobs

Send me The Muse newsletters for the best in career advice and job search tips.

By signing up, you agree to our Terms of Service & Privacy Policy.

This position is a “hands-on” role with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles (the “funds”) in conjunction with third-party administrators, managing all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.

Responsibilities

• Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians
• Monitor cash positions, reconciliations and manage cash reserves
• Run accounts payable and expense allocation process
• Participate in new fund structuring, set up and onboarding 
• Perform operational due diligence on underlying fund managers 
• Work closely with investor relations, product, legal and compliance, technology, and sales & marketing teams to support fund operations  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 
• Define, update and maintain operating policies and procedures
• Build and maintain relationships with underlying fund managers 
• Liaise with funds’ custodian, bank and administrators, as well as other counterparties as needed 
• Work with counsel/CCO to ensure general compliance with fund docs, SEC and FINRA 
• Ad-hoc activities as required by the team and different parts of the organization

Qualifications

• Bachelor’s degree in Accounting, Finance, or another business-related field
• 2-5 years of fund accounting, fund administration and fund operations experience, with a focus on alternative investment funds including fund-of-funds and feeder funds preferred
• Financial Client Service or Investor Relations experience is preferred
• Passion for the application of innovative technology
• Intermediate Excel skills
• Excellent organizational skills and attention to detail
• Proven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environment
• Strong verbal, written and interpersonal communication skills required
• Willingness to learn new topics and work in an evolving business environment
• Organized, self motivated and detail-oriented with ability to see the big picture
• Passionate about being a part of our iCapital team and representing our company with integrity, dignity and respect
• Fluency in English and Portuguese required—verbal and written

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; and generous 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 three days, with the flexibility to work remotely two days.  

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/