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About the Role
iCapital is transforming the retirement investment landscape and is seeking a detail-oriented, analytical Fund Accountant to support the expansion of its Collective Investment Trust (CIT) platform, with a particular focus on alternative investments. This is a unique opportunity to join a fast-growing, entrepreneurial team that is redefining how alternative assets are accessed within retirement portfolios. As a key member of the team, this individual will play an important role in maintaining the accuracy, integrity, and operational excellence of fund accounting processes that support innovative retirement investment solutions. The organization is enhancing existing approaches, driving the future of retirement investing through new structures, expanded access to alternatives, and a commitment to operational excellence.
Responsibilities
- Perform detailed reviews of the monthly NAV packages prepared by third-party fund administrators.
- Reconcile cash, positions, and activity between the administrator and custodian.
- Validate portfolio valuations to ensure they align with data provided by the GP and their independent valuation advisor.
- Recalculate management and incentive fees to verify accuracy.
- Review and approve 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, managing the end-to-end annual audit process.
- Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
- Leverage iCapital technology to create and publish monthly NAV statements and fact cards for investors and distribution partners.
- Contribute to the oversight of 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 the development and maintenance of internal controls over financial reporting to comply with regulatory requirements.
- Contribute to the maintenance of our SOC-1 report to include the '34 Act fund servicing model.
- Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.
Requirements
- 5+ years of experience in fund accounting or public accounting with a focus on alternative investment management clients
- Experience with Collective Investment Trust (CIT) Accounting strongly preferred
- Strong knowledge of investment company accounting under US GAAP is required
- Experience with registered funds ('40 Act and '34 Act) and familiar with SEC reporting requirements (Form 10-K, 10-Q)
- Able to manage complex financial data with a commitment to being accurate and meticulous
- Demonstrated ability to work on a team and work effectively with internal partners and external service providers
Skills
- Fund Accounting
- Public Accounting
- Alternative Investments
- Collective Investment Trust (CIT) Accounting
- US GAAP
- Registered Funds Accounting
- '40 Act
- '34 Act
- SEC Reporting
- Financial Statements
- Auditing
- Internal Controls
- SOC-1 Reporting
Location
- Remote
- Hybrid
Work Type
- Full-time
- Hybrid
Experience Level
- 5+ years
Education Level
- CPA certification is preferred
Salary/Compensations
- $110,000 to $145,000
Benefits
- Equity for all full-time employees
- Annual performance bonus
- Employer matched retirement plan
- Generously subsidized healthcare
- 100% employer paid dental
- 100% employer paid vision
- 100% employer paid telemedicine
- 100% employer paid virtual mental health counseling
- Parental leave
- Unlimited paid time off (PTO)
About the Company
- iCapital is transforming the retirement investment landscape.
- We are redefining how alternative assets are accessed within retirement portfolios.
- We are enhancing existing approaches and driving the future of retirement investing through new structures, expanded access to alternatives, and a commitment to operational excellence.
- 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
Equal Opportunity
- iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer.
- We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.