Fund Finance Hedge Funds, Closed-ended Funds - 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 $185 billion in global client assets invested in 1,471 funds, as of March 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.

About the Role

iCapital is looking for the ideal candidate to join growing International Fund Finance team in Singapore. This role will be a key contributor to an accounting team that services a fast-growing sector of the business, including FX hedging operations for newly-created FX-hedged funds. This position will be responsible for servicing closed-ended access fund vehicles (the “funds”) in conjunction with third-party administrators, and internal support staff in the US and Portugal The ideal candidate will have primary responsibility for all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables. 

Responsibilities

• Serve as the APAC region accounting and operational specialist for existing and new clients, including review of the NAVs produced by the third-party fund administrators
• Follow internal processes for proper oversight and control
• Foster and maintain good relationships with underlying fund managers, fund administrators, and distributors.
• Partner closely with the wider fund finance team to contribute to enhancement and automation of the key processes, and develop and enhance product, management, and other reporting, targeting both efficiency and scale.
• Work closely with other members of the Fund Finance team in the US and Portugal in servicing the funds, as well as Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
• Day to day point of contact for 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 including buffer for the FX hedging programme
• Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
• Fulfill ad-hoc tasks as required by the team and different parts of the organization.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, Statistics, or another business-related field
• 3-5 years of fund accounting, fund administration, or finance operations experience (prefer a focus on closed-ended alternative investment funds including fund-of-funds and feeder funds, but not required)
• Good Understanding on Closed-Ended Private Equity structures and mechanics
• Advanced accounting skills and experience within an audit framework preferred
• Advanced Excel and analytical skills
• Must love numbers!
• Demonstrated capacity and willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail with ability to see the big picture
• 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
• High level of integrity
• Passion for the application of innovative technology
• Eager to learn new topics and work in an evolving business environment
• Team Player with positive attitude

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