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 $206 billion in global client assets invested in 1,679 funds, as of October 2024.
iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron’s Solutions Provider award (See link below).
About the Role
iCapital is looking to hire a Treasury Oversight Senior Vice President to join the Fund Finance team. The team is responsible for supervising our private fund banking operations, including account openings and closings, maintenance of banking information within iCapital’s database and client-facing documentation, banking portal entitlement administration, reporting and assisting with the ongoing evaluation of our banking partners. This role will be responsible for a small group of employees and completing these deliverables under the supervision of the Global Head of Fund Finance.
Responsibilities
- Participate in meetings with Fund Origination, Legal, Fund Finance and other stakeholders to aid with selecting the appropriate banking partner for new products.
- Compile and submit documentation to ensure the timely opening and closing of private fund demand deposit and/or liquidity management accounts with iCapital’s global banking partners.
- Compile and deliver daily, weekly, monthly and/or ad hoc reporting to summarize banking balances and activity including money market sweep and/or foreign currency programs, as applicable.
- Support iCapital’s vendor management program by helping leadership gather information on each banking partner as may be required.
- Assist iCapital’s Fund Finance teams with cash reconciliations and/or researching payments.
- Lead cash management and oversight of bank accounts, support bank relationships vendor and revenue cycle management inclusive of sweep accounts.
- Act as a Subject Matter Expert (SME) in overseeing the first line of defense by managing, reviewing, and approving daily liquidity reports, ensuring alignment with the bank's risk appetite, with a focus on global business payment products.
- Lead the launch of new bank accounts and other cash management products.
- Design investment approaches maximizing yield while maintaining operational flexibility.
- Lead bank account management, ensuring compliance and favorable financial terms for sweeps and high interest yield accounts.
- Manage strategic relationships with commercial banking partners, rating agencies, and financial institutions as needed.
- Develop a process for management reporting to ensure timely ad-hoc analytics and reporting to senior management team.
- Champion and thrive in a high-performance and fast-paced environment with other team members to ensure that overall team goals, objectives and timelines are met.
Qualifications
- Degree in business administration, finance, accounting, or related field
- 15+ years of experience in corporate treasury, finance, or a related field with strong expertise in cash management, debt management, and financial risk.
- Excellent verbal and written communication skills are required
- Proven ability to multi-task and work both independently and as a collaborative team player in a fast-paced, demanding environment with a global management structure
- Attention to detail and proficiency reconciling large volumes of data
- Knowledge and experience with Microsoft Office Suite
- Knowledge in Kyriba a plus
Benefits
The base salary range for this role is $200,000 to $240,000. 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 Monday-Thursday, with the flexibility to work remotely on Friday.
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.
What We Do
ICONIQ Capital is a privately held investment firm serving some of the world’s most influential families and organizations. ICONIQ provides financial advisory and family office services, and manages direct investments where technology and traditional asset classes intersect, with a focus on technology growth equity, buyout, and real estate.
