Job Description Summary
For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and innovative thinking.
In our collegial environment that’s marked by low turnover and high energy, you’ll be inspired to grow and thrive. Here, you will be encouraged to build on your strengths and acquire new skills and experiences.
We are committed to fostering an environment of inclusion that promotes mutual respect among all employees. Understanding and valuing these differences optimizes the potential of both the individual and the firm.
HarbourVest is an equal opportunity employer.
This position will be a hybrid work arrangement. You will receive 18 remote workdays per quarter to use at your discretion, subject to manager approval. For example, you may choose to work in the office 4 days per week and take one remote day weekly (typically 13 weeks per quarter), leaving 5 additional remote days to be used as needed.
HarbourVest Partners is seeking a Fund Accounting Manager with approximately 8 to 10 years of private equity, semi-liquid product or infrastructure/real assets accounting experience to assist with the financial management of its open-end fund vehicles.
Fund manager will work closely with an experienced group of professionals while being responsible for/engaging in all aspects of the Fund’s financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third-party service providers.
The ideal candidate is someone who is:
Strong accounting, analytical and problem-solving skills.
Must be detail oriented and proven communication skills.
Computer literacy and proficient knowledge of Excel.
What you will do:
Financial Reporting:
Responsible for month/quarter end pricing, financial reporting, and accounting with understanding of the underlying investments.
Review of quarterly rebalance template, concept and mechanics, and of deal by deal carry calculations.
Prepare and/or review covenant analyses for third party debt/line of credit, as well as quarterly/annual financial documents are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
Work on fund structures, underlying investments profiles, promotes and Fund’s governing agreements.
Conduct technical accounting research and ensure appropriate application to Fund and underlying investments.
Strong interaction with third party fund administrator, external auditors, tax advisers and other professional service providers.
Audit coordination with external service providers, key contact/owner.
Coordination with Fund level debt closing and reporting. Coordination with Tax Advisors on tax provision – current and deferred. Knowledge of SOC 1 reports and controls.
Cash Flow Analysis:
Prepare Fund’s cash flow analysis, and quarterly expense accruals.
Review/coordination with internal Director of Operations and Portfolio Management team to assess different sources and uses of liquidity, and of payments with HVP Treasury and Fund Administrator.
Financial Analytics & Regulatory Reporting:
Understand component of Fund’s and underlying investment performance measurements.
Prepare and review Fund return/performance analyses, break down fund performance to assist/field client, portfolio management and/or consultant inquiries.
Review calculations of retrocession, placement fees and rebates. Build and maintain relationships for all internal and external collaborators.
Lead/discuss analyses for the Fund’s Portfolio Management and Controller.
Compilation and review of financial information for the purposes of regulatory filing (i.e., Form ADV/PF, Annex IV).
Ability to coordinate/respond to Ad Hoc Senior Management and client inquiries.
And other responsibilities as required
What you bring:
Public and/or private prior experience, open-end fund experience preferred.
Understanding of Investran, Efront and Great Plains accounting software a plus.
Education Preferred
Bachelor’s degree or equivalent experience with major in Accounting, CPA required
Experience
8-10 Years experience
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