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 $200 billion in global client assets invested in 1,634 funds, as of September 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 three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is seeking a skilled and dynamic consultant to join our Billing team within the Corporate Finance department. This is a unique opportunity to be a key player in shaping the future of iCapital as we continue to scale and expand into new areas. This individual’s impact will resonate across various financial activities, from accounting and revenue reporting to streamlining processes and driving scalability across the Corporate Finance department, as well as other key stakeholders at iCapital. This role’s responsibilities will include billing, month-end closing duties, cash receipts controls and financial reporting as well as ad hoc projects and analyses.

Responsibilities

• Driving innovation:
  • Support the initiative to enhance efficiency and automation of our existing revenue calculations and invoicing processes within the context of deploying a consolidated iCapital billing tool.
  • Develop insightful reporting and analyses to support Finance and Data Solutions teams with actionable insights for performance reporting to management and investors.
  • Identify and address process gaps, implementing robust internal controls, and improving documentation for internal control processes.
• Billing:
  • Prepare various quarterly control documents for Data Solutions billing.
  • Review new client orders and understand relevant economic terms as they relate to billing, revenue recognition and apply that understanding to billing and revenue calculations.
  • Review new client orders in the billing system for accuracy of set up.
  • Perform an analytical review of current cycle draft invoice calculations versus prior cycle invoices within the Data Solutions business at iCapital.
  • Release quarterly and monthly invoices for manager review.
  • Foster a culture of financial excellence by collaborating with client delivery managers, sales operations, finance leadership and external client contacts.
• Treasury management:
  • Review daily cash receipts and apply to client invoices as instructed by clients.
  • Investigate unapplied cash with accounting for additional details from banks, or with clients to receive accurate cash application.
  • Perform level 1 collection procedures and respond to relevant client inquiries regarding invoices or banking details.
• Month-end close:
  • Review the expected revenue entries into the G/L and management reporting tools for accuracy, based on actual and estimated invoices.
  • Prepare month end reconciliations AR, deferred revenue balances, and related bank accounts.
  • Prepare month over month and quarter over quarter roll forward for key revenue metrics.

Qualifications

• 2-4 years of corporate accounting/public accounting experience within the financial services industry
• Outstanding financial analysis skills and understanding of accounting principles and US GAAP reporting, especially as it relates to ASC606
• Experience with revenue, treasury management, accounts receivable and payable, and cash reconciliations
• Knowledge of booking journal entries and preparation of financial statements
• Data-driven thinker who can manage large data sets for efficient analyses
• Organized and detail-oriented process manager who can prioritize and communicate clearly with senior leadership
• Proficient with Microsoft Office Suite (Excel, PowerPoint, Outlook)
• Excellent verbal and written communication skills
• Able to coordinate across teams and departments to complete projects
• CPA license is preferred but not required
• Degree in accounting is preferred but not required
• Knowledge of Oracle ORMB, NetSuite, Quickbooks, or other general ledger systems is preferred but not required
• Familiarity with SalesForce is preferred but not required

Benefits

The hourly rate for this role is $40 to $60. We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 4 days a week.

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.