Accounts Receivable - Associate

About the Role

iCapital is seeking to hire an Associate to join the Corporate Finance - Accounts Receivable team. This role will focus primarily on invoice creation, invoice distribution to clients, and collections follow‑up, while supporting month‑end close activities, cash application, and reconciliation processes.

Responsibilities

Accounts Receivable Operations

• Prepare, review, and issue invoices to customers in accordance with contractual terms and billing schedules.


• Distribute invoices to clients and external counterparties and respond to invoice‑related inquiries.


• Maintain accurate billing records and supporting documentation.


• Track invoice status, approvals, and customer confirmations.

Collections & Customer Follow‑Up

• Monitor outstanding receivables and actively follow up with customers on past‑due invoices.


• Manage collections communications, including reminders, escalations, and payment confirmations.


• Coordinate with internal & external stakeholders to resolve billing disputes or discrepancies.


• Maintain and report on AR aging schedules and collections status.

Cash Application & Reconciliation

• Apply incoming cash receipts to open invoices accurately and timely.


• Reconcile customer payments between bank accounts and the general ledger.


• Investigate and resolve unapplied cash or payment variances.


• Book cash‑related journal entries as required.

Month‑End Close & Reporting

• Support month‑end close activities related to accounts receivable.


• Assist with AR reconciliations and roll‑forward schedules.


• Partner with Revenue and Treasury teams to ensure accurate revenue recognition and cash reporting.


• Provide reporting on billed amounts, collections performance, and outstanding balances.

Other:

• Identify and remediate process gaps and implementing effective internal controls; improve documentation of internal control processes.


• Assist in completing special projects as needed such as data and technology integrations and enhancements


• Coordinate across multiple departments to complete assignments that require collaboration, including providing financial data.

Qualifications

• 1-3 years of accounting experience


• Knowledge of booking journal entries and the resulting impact to the financial statements


• Degree in Accounting


• Proficient with Microsoft Office Suite (Excel, PowerPoint, Outlook)

Preferred but not required:

• Understanding of GAAP reporting


• Familiarity with Oracle NetSuite and/or General Ledger systems (i.e., PeopleSoft, Axiom)


• Fund accounting experience


• Able to manage large sets of data and be able to implement checks and balances


• Excellent oral and written communication skills


• Detail-oriented with big picture capability


• Able to interpret legal/fund documents


• Demonstrate ability to take on new, challenging assignments spontaneously

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 3 days a week with the flexibility to work remotely 2 days.

Benefits

iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.

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