Overview
HarbourVest is seeking an
Assistant Director, Fund Accounting
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 and closed-end fund vehicles. This position is hybrid; you will receive 18 remote workdays per quarter, subject to manager approval. For example, you may 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 an equal opportunity employer. The role will work closely with an experienced group of professionals and is 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. What you will do and what you bring are described in the sections below. Responsibilities
Financial Reporting: Responsible for quarter end financial reporting and accounting with understanding of the underlying investments and practical expedient valuation.
Review of rebalance template for subsequent closes.
Review quarterly/annual financial documents are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
Responsible for daily NAV review of open-ended Fund vehicles, researching and raising items to the appropriate HVP or TPA contact.
Work on fund structures, underlying investments profiles, carry calculations 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.
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.
Experience leading TPA relationships including agreeing to and supervising important metrics.
Lead/discuss analyses for the Fund’s Portfolio Management and Controller.
Ability to coordinate/respond to Ad Hoc Senior Management and client inquiries.
And other responsibilities as required.
Qualifications
Independent and has strong accounting, analytical and problem-solving skills.
Detail oriented with proven communication skills.
Proficient with Excel.
What you bring
Private and/or public prior experience; Private Credit and Fund of Funds experience preferred.
Understanding of Investran, eFront and Great Plains accounting software a plus.
Education & Experience
Bachelor's degree or equivalent experience with a major in Accounting; CPA preferred.
8-10 Years experience.
#LI-Hybrid Salary Range & Other Details
$110,000.00 - $160,000.00 This USD base salary range represents only one component of total compensation for this role and is provided in accordance with local requirements. This role is eligible for a discretionary annual bonus, which is determined based on individual and overall firm performance. In addition to salary and bonus, total compensation may include eligibility for long-term reward programs and a comprehensive total rewards package that may include retirement, health, insurance, paid time off, and wellness programs. Our total rewards offerings are influenced by several business factors, and eligibility for certain components will vary by position and geography. The posted ranges do not apply outside the U.S. and should not be converted to other currencies as a proxy for compensation in other countries.
#J-18808-Ljbffr
HarbourVest is seeking an
Assistant Director, Fund Accounting
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 and closed-end fund vehicles. This position is hybrid; you will receive 18 remote workdays per quarter, subject to manager approval. For example, you may 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 an equal opportunity employer. The role will work closely with an experienced group of professionals and is 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. What you will do and what you bring are described in the sections below. Responsibilities
Financial Reporting: Responsible for quarter end financial reporting and accounting with understanding of the underlying investments and practical expedient valuation.
Review of rebalance template for subsequent closes.
Review quarterly/annual financial documents are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
Responsible for daily NAV review of open-ended Fund vehicles, researching and raising items to the appropriate HVP or TPA contact.
Work on fund structures, underlying investments profiles, carry calculations 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.
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.
Experience leading TPA relationships including agreeing to and supervising important metrics.
Lead/discuss analyses for the Fund’s Portfolio Management and Controller.
Ability to coordinate/respond to Ad Hoc Senior Management and client inquiries.
And other responsibilities as required.
Qualifications
Independent and has strong accounting, analytical and problem-solving skills.
Detail oriented with proven communication skills.
Proficient with Excel.
What you bring
Private and/or public prior experience; Private Credit and Fund of Funds experience preferred.
Understanding of Investran, eFront and Great Plains accounting software a plus.
Education & Experience
Bachelor's degree or equivalent experience with a major in Accounting; CPA preferred.
8-10 Years experience.
#LI-Hybrid Salary Range & Other Details
$110,000.00 - $160,000.00 This USD base salary range represents only one component of total compensation for this role and is provided in accordance with local requirements. This role is eligible for a discretionary annual bonus, which is determined based on individual and overall firm performance. In addition to salary and bonus, total compensation may include eligibility for long-term reward programs and a comprehensive total rewards package that may include retirement, health, insurance, paid time off, and wellness programs. Our total rewards offerings are influenced by several business factors, and eligibility for certain components will vary by position and geography. The posted ranges do not apply outside the U.S. and should not be converted to other currencies as a proxy for compensation in other countries.
#J-18808-Ljbffr