Corporate Finance, Accounting Policy & Transactions - Vice President

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 $157 billion in global client assets invested in 1,244 funds, as of March 2023.

iCapital has been named to the Forbes Fintech 50 for five consecutive years (2018 – 2022); a back-to-back selection by Forbes to its list of Best Startup Employers; and a two-time winner of MMI/Barron’s Solutions Provider award (See link below).

About the Role

iCapital is looking to hire a Vice President to join the Corporate Finance team. This role will involve accounting policy preparation, accounting policy research, complex transaction, and joint venture entity accounting (including month end close duties), financial reporting, consolidations and eliminations, and other financial reports as well as ad hoc projects. This position will report to the Head of Corporate Reporting.

Responsibilities

• General Accounting and Reporting:
  • Review and approve journal entries and balance sheet reconciliations for responsible entities.
  • Assist with the maintenance of all records and accounting files.
  • Maintain the financial reporting schedules.
  • Prepare and review notes to financial statements.
  • Prepare the consolidation and elimination entries.
  • Coordinate the audit with big four audit firm and maintain internal controls around accounting and reporting.
• Accounting Policy:
  • Prepare and maintain appropriate accounting policies for the firm, inclusive of complex transactions, recurring and necessary corporate policies, and other one-off transactions requiring detailed analysis and interpretation of ASC guidance.
  • Ensure compliance with policies, maintaining appropriate supporting documentation.
  • Perform research and advisement on new accounting guidance issuances.
• Complex Transactions:
  • Liaise with auditors and consultants to determine appropriate guidance to apply and proper accounting treatment.
  • Write technical memorandums to document guidance applied, facts and circumstances of transactions, and conclusion on appropriate accounting.
  • Review and approve journal entries within accounting software to ensure transactions are reflected appropriately in the books and records.
  • Evaluate related tax impact to associated transactions and liaise with tax experts.
• Joint Venture Accounting and Reporting:
  • Responsible for record keeping for multiple joint venture entities (to be included in corporate consolidation as well as standalone or carve-outs needed for specific reporting purposes).
  • Account for Minority Interest Holders.
  • Assist with distribution and coordination with third party partners.
• Other: 
  • Assist with the implementation of new software as needed.
  • Improve, maintain, or create process for business lines or activities as applicable.

Qualifications

• 8-12 years of corporate accounting or audit experience within the Financial Services industry
• CPA license required
• Detailed understanding and experience with GAAP financial reporting
• Experience with consolidation of financial statements required
• Familiar with NetSuite preferred but not required
• Familiar with Feeder Fund and Joint Venture structure
• Degree in Accounting required
• Proficient with Excel, Word, and PowerPoint
• Able to manage large sets of data and be able to implement checks and balances
• Excellent verbal and written communication skills
• Detailed oriented with big picture capability

Benefits

The base salary range for this role is $140,000 to $180,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. We offer most employees the flexibility to work in the office three or four days.  Every department has different needs, and some positions will be designated in-office jobs, based on their function. 

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us