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iCapital is hiring an Associate to join the EMEA Fund Finance team in Lisbon. This is a hands-on operational role focused on servicing hedge funds, private equity directs, fund-of-funds, and access fund vehicles in partnership with third-party administrators.
Key responsibilities include:
- Partner with third-party administrators to ensure timely monthly valuations, accurate general ledger entries, and investment valuations under fair value accounting principles
- Build and maintain relationships with underlying fund managers and distributors
- Execute fund investment operations including capital calls, distributions, and underlying fund commitments in coordination with internal teams and administrators
- Review fund expenses and accruals against approved budgets, identify variances, and propose adjustments
- Review investor allocations to ensure profits, losses, and fees are calculated per partnership operating agreements
- Oversee currency hedged share classes, including calculations and reporting impacts
- Support new fund structuring and onboarding by reviewing feeder fund documentation (LPA/PPM) and operational questionnaires, providing feedback to Legal and Fund Origination teams
- Monitor fund compliance with partnership operating agreement terms and escalate issues as needed
- Handle ad hoc operational, accounting, auditing, and reporting requests
- Stay current with relevant policies and procedures while contributing feedback to improve processes
Workplace: 4 days in office, 1 day remote (Friday).
Requirements:
- Bachelor's degree in accounting, finance, economics, statistics, or related business field
- 1–4 years of fund accounting, fund administration, or finance operations experience (alternative investment funds, fund-of-funds, and feeder funds preferred)
- Big Four experience is a plus
- Advanced accounting skills and audit framework experience preferred
- Advanced Excel skills
- Demonstrated capacity to work within a close team structure
- Excellent organizational skills, attention to detail, and ability to see the big picture
- Proven ability to multitask and work independently and collaboratively in a fast-paced environment
- Strong verbal, written, and interpersonal communication skills
- Eagerness to learn new topics and work in an evolving business environment
- Passion for innovative technology application
