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, which translates to 2-3 days minimum per week in the office.
As a member of the Partnership Valuation Team within the Investment Accounting Department, the primary function of the Senior Associate is to support the quarterly fund accounting process with various aspects of investment-level reporting and other investment analysis.
The ideal candidate is someone who is:
- Able to work independently while managing the priorities of the team
- Able to multi-task and work with multiple team members and cross-departmental teams
- Communicates effectively both verbally and written
- Passionate about providing timely, accurate accounting and reporting while balancing multiple priorities
- Proficient in Microsoft Excel, willingness to learn new systems and applications
- Interested in gaining exposure to a variety of private equity funds!
What you will do:
Quarterly Valuation Process (70%)
- Supervise data input of investment net asset values reported from underlying partnership investments in accordance with fair market valuation principles
- Review work performed by Analysts
- Work with other groups to obtain investment related information as deemed appropriate
- Track, coordinate, and review partnerships for investment staff revaluation
- Ensure compliance with document retention policies and procedures related to partnership investments
- Work with auditors on aspects of partnership valuation
- Develop and monitor exception based and analytical processes and reports to ensure data quality
- Collect feedback from department on valuation process and implement process improvements
- Coordinate to develop training materials and standard operating procedures
Systems Implementation & Support (20%)
- Collaborate on Firm and Department-wide transformation initiatives to improve workflows across the team
- Work with external vendors on design and implementation of new software systems
- Work on implementation and testing of new IT systems and system improvements
Other Projects (10%)
What you bring:
- Experience or familiarity with finance and basic accounting concepts required, partnership accounting or valuation experience highly preferred
- Strong attention to detail
- Experience training, managing, empowering, and leading junior staff
- Ability to train and lead a team of 1 to 3 staff
- Strong work ethic and collaborative approach
Education Preferred:
- Bachelor of Arts (B.A) or Bachelor of Science (B.S) in Finance, Economics, or Accounting
Experience:
- 4-6 years of finance, accounting, and/or private equity experience
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Top Skills
What We Do
HarbourVest is an independent, global private markets firm with 40 years of experience and more than $92 billion assets under management as of December 31, 2021. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit.
