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Middle Office Operations - Analyst
at iCapital (View all jobs)
New York, NY, United States 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 $184 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 (2018-2023); 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 (See link below).
About the Role
iCapital is looking to hire a Middle Office Analyst to join our Client Operations and Support team. This role will report into the Middle Office team lead and will assist the team coordinating new private fund each an access fund subscriptions and commitments and facilitating subsequent transactions on those funds' behalf, as applicable. The role will involve frequent, proactive communication and coordination with internal partners (e.g., investor relations, fund finance, fund origination and legal) and external counterparties (e.g., law firms, administrators, investment managers) to ensure iCapital's transaction requests are accepted and closed in upon for our intended dates.
The Middle Office role is also involved in facilitating a variety of ancillary tasks around iCapital's fund launch and closing processes, including securing industry identifiers, as may be applicable, administering our proprietary database with closing information, and participating in team projects to improve processing efficiency (e.g., technology initiatives).
Responsibilities

• Prepare private fund subscription documents to close into unaffiliated underlying private capital and hedge funds on behalf of iCapital access vehicles.
• Assist with the KYC/AML documentation process to onboard iCapital access funds with each underlying private fund.
• Participate in fund launch pipeline meetings and coordinate with internal and external partners to help establish delivery deadlines for fund transactions.
• Manage identifiers for international product distribution (ISIN, APIR, and LEI).
• Assist senior team members in improving processes through enhanced documentation, workflows, and/or automation to improve the scale of capabilities. Team members are expected to be active contributors to new ideas and solutions.
• Assist with other middle office operation functions and projects as iCapital's business evolves.

Qualifications

• 1-3 years of accounting, finance, and/or finance operations experience. Knowledge of private funds a plus, but not required
• Superior organizational skills and attention to detail are necessary for success in this role.
• Able to meet multiple deliverables with competing deadlines
• Excellent verbal and written communication skills
• Excel proficiency is required
• Possess the desire and ability to learn quickly in a fast-paced work environment

Benefits
The base salary range for this role is $65,000 to $75,000. 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. Employees in this role will work in the office four days, with the flexibility to work remotely one day. 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 Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/
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