iCapital · 5 hours ago
Private Capital Fund Finance - Associate
Salt Lake City, UT
Full-time
Hybrid
Mid Level
$70K/yr - $85K/yr
3+ years expiCapital is looking for an Associate to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This role involves working closely with team members, vendors, senior management, and clients on various accounting and reporting processes.
Asset ManagementBankingFinancial ServicesFinTech
Responsibilities
Work with iCapital’s implementation teams with regards to new business and fund launches
Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective
Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses
Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs
Review and sign-off on capital call and distribution cash analysis, investor allocation files and notices prepared by third party admins and Associate or AVP members of the Fund Finance team
Participate in management-level meetings internally and externally
Attend prospective clients’ on-site due diligence
Approve and release quarterly management fee payment wires
Facilitate and work with iCapital Technology and Product teams to drive process automation and efficiency
Monitor fund’s compliance with the partnership operating agreement terms
Oversee the funds’ progress on preparation of annual fund financial statements in accordance with US GAAP
Qualification
Required
Bachelor's degree in accounting or finance
3 to 6 years of financial services or asset management accounting and operations experience
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
Willingness to learn new topics and work in an evolving business environment
Organized and detail oriented with big picture capability
Preferred
Alternative investments fund administration and operations is a plus
Advanced degree and/or credentials, or progress towards MBA, CPA, CFA, or CAIA designation is a plus
Passion for the application of innovative technology
Benefits
Equity for all full-time employees
Annual performance bonus
Employer matched retirement plan
Generously subsidized healthcare with 100% employer paid dental
Vision
Telemedicine
Virtual mental health counseling
Parental leave
Unlimited paid time off (PTO)
Company
iCapital
Innovating at the intersection of technology and investment opportunity, iCapital streamlines the integration of alternative investment strategies into client portfolios.
1001-5000 employees
H1B Sponsorship
iCapital has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (6)
2021 (10)
2020 (7)
Funding
Current Stage
Late StageTotal Funding
$1.55BKey Investors
Bank of AmericaTemasek HoldingsPing An Global Voyager
2025-07-10Private Equity· $820M
2022-06-23Corporate Round
2021-12-23Series Unknown· $50M
Leadership Team
Dan Vene
Co-Founder & Managing Partner
Nick Veronis
Managing Partner & Co-Founder
Recent News
2025-12-18
Company data provided by crunchbase