Fund Finance, 34 Act Funds - Assistant Vice President

Icapitalnetwork

Utah, United States
Base: $85,000 to $110,000; bonus/equity: equity fo...
On-site (monday-thursday with remote flexibility on friday)
Execute accounting, valuation, and reporting functions
Review monthly nav packages
Reconcile cash and positions
iCapital Network is seeking an Assistant Vice President for their Fund Finance team to oversee accounting, valuation, and reporting for '34 Act Registered Funds. The role requires meticulous attention to detail and offers the opportunity to work directly with public reporting while ensuring the accuracy of financial data

Job Summary

  • The Fund Finance team is the operational engine at the heart of this new business line, responsible for the integrity of the fund's financial data, including the daily review of its portfolio.
  • This role offers a unique opportunity to gain deep expertise in a complex, high-growth product, work directly with public reporting and be a key part of the team that ensures the accuracy and timeliness of the information we provide to clients and their investors.
  • Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

Matching Summary

Match Score: 85

iCapital Network is seeking an Assistant Vice President for their Fund Finance team to oversee accounting, valuation, and reporting for '34 Act Registered Funds. The role requires meticulous attention to detail and offers the opportunity to work directly with public reporting while ensuring the accuracy of financial data.

Salary

Base: $85,000 to $110,000; Bonus/Equity: equity for all full-time employees, annual performance bonus; Benefits: comprehensive benefits package including employer matched retirement plan, subsidized healthcare, 100% employer paid dental, vision, telemedicine, virtual mental health counseling, parental leave, unlimited PTO

Skills & Requirements

Must-have

  • Execute accounting, valuation, and reporting functions
  • Review monthly NAV packages
  • Reconcile cash and positions
  • Validate portfolio valuations
  • Recalculate management and incentive fees
  • Review fund-level expense payments
  • Assist with SEC filings (10-Q, 10-K)
  • Manage annual audit process
  • Draft and review current reports (Form 8-K)
  • Publish monthly NAV statements
  • Oversee tax provider for K-1s
  • Calculate proration factors for tender offers
  • Develop internal controls
  • Contribute to SOC-1 report maintenance
  • Identify process improvements

Nice-to-have

  • Meticulous and driven
  • Deep expertise in complex products
  • Work directly with public reporting
  • Team player with external providers

Key Requirements

  • 5+ years of experience in fund accounting or public accounting
  • Strong knowledge of US GAAP investment company accounting
  • Experience with registered funds ('40 Act and '34 Act)
  • Familiarity with SEC reporting requirements
  • CPA is preferred

Work Rights

Not specified

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