Financial Reporting Intern
at iCapital (View all jobs)
New York, NY, United States

Help Shape the Future of Fintech in the Global Alternative Investment Space:

iCapital is transforming investing in private equity, private credit, real estate, hedge funds, and structured investments by removing the roadblocks that have prevented greater participation in these private strategies. Join the FinTech company that is disrupting how individuals invest in private capital markets.

Let us invest in you - apply to our summer internship program.

Internship Experience at iCapital

From day one, you will be considered a key member of the iCapital team as you participate in a program where you will make meaningful contributions to our company and get a chance to potentially jumpstart your career with us after graduation.

Key features of our program:

• Inclusive company culture where we create a sense of belonging for everyone
• Exclusive access to the AltsEdge Certificate Program, our award-winning alternative investments education curriculum for wealth managers
• Regular iLearn seminars and platforms demos where you will learn the latest about our products
• A dynamic team project culminating in an end-of-summer presentation to senior management.
• Senior Executive Speaker seminars that provide career development, guidance, and access to top leaders at iCapital

How we have fun while we work:

• Outings with iCapital team members and fellow interns to build connections and grow your network.
• Corporate culture and volunteer activities in support of the communities where we live and work.
• Rooftop Happy Hours that showcase our impressive view of NYC.

About Corporate Finance at iCapital:

iCapital is seeking a curious and knowledgeable intern who can demonstrate and practice both their accounting knowledge and soft skills in a professional setting while supporting the Financial Reporting team. The individual will assist with financial reporting, controls documentation, tax, and other ad hoc projects daily. The Financial Reporting intern will be on the Corporate Finance team and report to the Head of Corporate Reporting.

In your internship, as part of the Corporate Finance team, some areas of responsibility may include:

• Monthly Accounting and Reporting:

  • Prepare journal entries and balance sheet reconciliations for domestic and internal accounts and entities.
  • Coordinate with third party accountants on monthly journal entries for international entities.
  • Assist with the preparation of financial statements including monthly balance sheets, income statements, statements of changes in equity, statements of cash flows, and intercompany reconciliations.

• General Accounting and Reporting:

  • Preparation of financial statements for ad hoc investor requests.
  • Assist with the maintenance of accounting records and files.
  • Review and tie notes to financial statements for various domestic and international entities.
  • Join interim audit and accounting policy discussions with third party accounting firm.
  • Assist with research and documentation of GAAP compliant accounting policies.

• Internal Controls:

  • Support regular review of internal controls around accounting and reporting through controls documentation project.
  • Assist with the preparation of remediation plans for internal control gaps identified.
  • Potentially coordinate with third party firm around testing of internal controls.

• Tax:

  • Help coordinate internal requests for information required for the preparation of the Company's federal and state annual tax returns.
  • Assist with various monthly and quarterly tax return preparation and filings for certain states.

The ideal candidate

• Highly inquisitive, collaborative, and a creative problem solver
• Possess foundational knowledge of and/or genuine interest in the financial markets
• Able to thrive in a fast-paced environment
• Able to adapt to new responsibilities and manage competing priorities
• Technologically proficient in Microsoft Office (Excel, PowerPoint).
• A rising junior or senior in a U.S. college/university bachelor's degree program (accounting majors preferred)
• Strong verbal and written communication skills

Authorized to work in the United States*

*We are unable to offer any type of employment-based immigration sponsorship for this program

Pay Rate: $35.00/hour + relocation stipend and transportation stipend

Positions are limited so apply early!

October/November: Rolling resume review and first round interview selection

November/December: First and second round interviews

iCapital in the Press:

We are at the vanguard of using technology to democratize investing in alternatives, but don't take our word for it. Here's what others are saying about us:

• Five consecutive years on the Forbes Fintech 50 list, which highlights the most innovative private companies in personal finance, investing payments and crypto assets.
• Back-to-back selection to Forbes' Best Startup Employers List.
• Two-time winner of the Money Management Institute/Barron's Solutions Provider of the Year.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

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.

iCapital is the leading global fintech company and has transformed how wealth management and asset management companies access private markets for clients. We do this through intuitive, end-to-end technology that provides education about private investments and analytical tools to evaluate them.