Fund Finance, Direct funds - Assistant Vice President / Vice President
iCapitalLisbon, Portugal · Posted 24 days agoDescription
This is a hands‑on operational role with end‑to‑end responsibility for Direct (Evergreen) funds and fund sponsors, working closely with third‑party administrators to oversee fund accounting and investor reporting, including capital activity, financial statements, audits, and tax deliverables, while ensuring accuracy, timeliness, and compliance. The role operates within the dynamics of UCI PT2 structures, supporting product enhancements such as hedged share classes, and therefore benefits from an entrepreneurial mindset and interest in product innovation.
Responsibilities
- Partner with third‑party administrators to ensure timely completion of monthly valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.
- Review fund expenses and accruals against approved annual budgets, identify variances or outliers, and propose appropriate adjustments.
- Review investor allocations to ensure profits, losses, and fees are calculated in accordance with partnership operating agreements.
- Review and oversee hedged share classes, including related calculations and reporting impacts.
- Review and approve monthly investor capital account statements.
- Review and approve monthly management fee and trailer fee calculations.
- Reconcile accounting data between iCapital systems and third‑party administrators using automated tools and applications.
- Coordinate with internal and external stakeholders to investigate and resolve accounting or reporting discrepancies.
- Monitor fund compliance with partnership operating agreement terms and escalation of issues where required.
- Handle ad hoc operational, accounting, and reporting requests as they arise.
- Liaise closely with Portfolio Managers and internal business partners.
- Manage the team deliverables and
- Act as the Fund Finance primary point of contact for the GP in Direct Investing Fund structures, including:
- Responding to ad hoc queries and providing ongoing operational and business support
- Proactively communicating key deliverables, timelines, and dependencies
- Supporting the setup of new share classes and coordinating new fund or product implementations
Qualifications
- Bachelor’s degree in accounting, Finance, or a related field.
- 5+ years of experience in fund accounting, fund operations, or asset management within financial services.
- Big 4 accounting or audit experience is a plus.
- Experience with Alternative Investment fund administration and operations is a strong plus.
- Solid understanding of capital activity, investor allocations, fee structures, and partnership accounting.
- Knowledge of hedging strategies and hedged share classes.
- Strong attention to detail with the ability to maintain a broader, strategic perspective.
- Highly organized with the ability to manage multiple priorities in a fast‑paced environment.
- Monitor and drive team performance against deliverables, fostering accountability and operational excellence.
- Willingness to learn and adapt in an evolving business and regulatory environment.
- Passion for leveraging technology and automation to improve operational efficiency.
- Proven ability to work independently while collaborating effectively within cross‑functional teams.
- Strong verbal, written, and interpersonal communication skills.
- High level of integrity and professionalism.
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 4 days a week with the flexibility to work remotely 1 day ( Friday).
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.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
Similar jobs
Est. 97,500 USD
About the Role iCapital is looking for an Assistant Vice President to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely wit…
Est. 127,500 USD
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…
Est. 45,000 EUR
About the Role iCapital’s Investor Relations team within the Operations and Investment Product Management (OIPM) department is seeking an Associate to service the company’s rapidly growing client base. This is a great op…
Est. 97,500 USD
About the Role iCapital is looking for an Assistant Vice President to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely wit…
Est. 97,500 USD
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…
Est. 77,500 USD
About the Role iCapital is looking for an Associate to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team m…
Est. 190,000 USD
About the Role iCapital is seeking two mid-senior level investment professionals for its portfolio management team, who will each be responsible for building and managing an evergreen portfolio comprised of private equit…
Est. 120,000 USD
About the Role iCapital is seeking an Assistant Vice President to join the Asset Manager Solutions International team, to contribute to the development and execution of iCapital’s global strategy. This individual will su…
Est. 80,000 GBP
About the Role: iCapital is seeking a Direct Funds Product Manager to take ownership of post-launch product management, lifecycle oversight and governance for a growing suite of private markets funds across EMEA, with a…
Est. 150,000 USD
About the Role The market for alternative investments is undergoing a significant transformation, and iCapital is at the forefront, building the technology and service models that connect General Partners (GPs) with the…
Est. 55,000 EUR
About the Role iCapital is seeking an Associate to join the International Corporate Finance team in Lisbon. This role will support the accounting, financial close, tax, treasury, statutory reporting, and audit processes…
Est. 80,000 EUR
About the Role We are seeking a VP/SVP, Product & Audience Marketing to join iCapital’s International Marketing & Communications team. Based in Lisbon, this role will be responsible for driving product positionin…
Est. 150,000 USD
About the Role The market for alternative investments is undergoing a significant transformation, and iCapital is at the forefront, building the technology and service models that connect General Partners (GPs) with the…
Est. 140,000 USD
About the Role iCapital is looking for a Vice President to join its Hedge Fund Finance team to focus on Hedge Fund Accounting and Administration duties. This individual will work closely with other team members, vendors,…
Est. 120,000 USD
About the Role iCapital is looking to hire a Strategic Finance professional to join the Corporate Finance team. This role will involve large scale responsibilities across financial and managerial reporting, budgeting, fo…
Est. 160,000 USD
About the Role iCapital is looking to hire a Strategic Finance professional to join the Corporate Finance team. This role will involve large scale responsibilities across financial and managerial reporting, budgeting, fo…
Est. 55,000 EUR
About the Role iCapital is looking for a talented Data Analyst– Platform Solutions to join the International Platform Solutions team in Lisbon. The role encompasses supporting multiple projects focused on technical imple…
About the Role: iCapital is seeking a Direct Funds Product Manager to take ownership of post-launch product management, lifecycle oversight and governance for a growing suite of private markets funds across EMEA, with a…
Est. 127,500 USD
About the Role iCapital is seeking an Associate to join the Corporate Development and Strategy team. The individual will join a highly valued team responsible for evaluating, planning, and executing organic and inorganic…
Est. 92,500 USD
About the Role iCapital is looking to hire an Associate to join the LATAM Investor Relations team to service the company’s rapidly growing client base in the region. This role will work with a broad range of clients with…
Est. 95,000 USD
About the Role iCapital is looking to hire an Associate to join the Investor Relations team to service the company’s rapidly growing client base. This role will work with a broad range of clients within a fast-paced, col…
Est. 110,000 USD
About the Role iCapital is looking to hire an Assistant Vice President Account Executive who will work on the front lines of iCapital’s growth. As a foundational member of the Sales team, this individual will be responsi…
Est. 80,000 EUR
About the Role iCapital is seeking a highly experienced and dynamic International Tax Specialist to join our Corporate Finance team. This is a unique opportunity to play a critical role in shaping the tax strategy and co…
Est. 80,000 EUR
About the Role As our international regulatory footprint continues to expand, we are seeking an experienced and highly motivated VP, International Regulatory Reporting to lead regulatory reporting activities across our i…
Est. 140,000 USD
About the Role iCapital is seeking an experienced Events Manager Assistant Vice President or Vice President to join the Global Events team, reporting to the Global Head of Events. This role will be responsible for leadin…
Est. 175,000 USD
About the Role iCapital is looking to hire a Vice President to join the Alternatives Distribution team. This individual will be responsible for supporting iCapital National Account efforts to proactively grow business an…
Est. 127,500 USD
About the Role iCapital is seeking a Business Control Assistant Vice President to strengthen the firm’s operational foundation by embedding a robust first line of defense (1LOD) business control framework. This individua…
Est. 180,000 USD
About the Role iCapital is seeking a Vice President, Private Markets Strategist to join the Investment Strategy team. This individual will play a key role in expanding the team's private markets coverage and supporting t…
Est. 175,000 USD
About the Role iCapital is looking to hire a Vice President to join the Alternatives Distribution team. This individual will be responsible for supporting iCapital National Account efforts to proactively grow business an…
Est. 190,000 USD
About the Role iCapital is looking to hire an Assistant Vice President or Vice President Fund Attorney to join the Funds Legal team with a primary focus on U.S. and Cayman private funds. The scope of this role will inclu…