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Salary: USD 110,000 - 145,000 / annual
iCapital is seeking a detail-oriented Fund Accountant to support its Collective Investment Trust (CIT) platform, with a focus on alternative investments within retirement portfolios. This role is central to maintaining accuracy and operational excellence in fund accounting processes for innovative retirement investment solutions.
Key responsibilities include performing detailed reviews of monthly NAV packages prepared by third-party fund administrators; reconciling cash, positions, and activity between administrators and custodians; validating portfolio valuations against GP and independent valuation advisor data; recalculating management and incentive fees; reviewing and approving fund-level expense payments and accruals; assisting in preparation and review of financial statements for quarterly (Form 10-Q) and annual (Form 10-K) SEC filings; acting as liaison with external auditors for the annual audit process; supporting drafting and review of current reports (Form 8-K); leveraging iCapital technology to create and publish monthly NAV statements and fact cards; overseeing third-party tax providers for timely K-1 delivery; calculating proration factors for oversubscribed quarterly tender offers; assisting in development and maintenance of internal controls over financial reporting; contributing to SOC-1 report maintenance for the '34 Act fund servicing model; and identifying and implementing process improvements.
Required qualifications: 5+ years of fund accounting or public accounting experience with alternative investment management clients; strong knowledge of investment company accounting under US GAAP; experience with registered funds ('40 Act and '34 Act) and SEC reporting requirements. CIT accounting experience and CPA certification are strongly preferred. The ideal candidate is meticulous with complex financial data, works effectively with internal partners and external service providers, and is committed to accuracy and operational excellence.
