Fund Accounting Manager

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.

Fund manager will work closely with an experienced group of professionals while overseeing/engaging in all aspects of the Fund’s financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third-party service providers.  Review involves completeness of reconciliation, supporting files and relies upon Manager’s knowledge of the investment portfolio and complex fund structures / rebalancing concept.  

The ideal candidate is someone who is:

• Possesses strong accounting background
• Analytical
• Problem-solving skills
• Detailed oriented
• Strong communication skills
• Collaborative

What you bring:

• Financial Reporting: Responsible for month/quarter end pricing, financial reporting, and accounting of Fund’s with understanding of the underlying investments.
  • Review of quarterly rebalance template, concept and mechanics 
  • Review of incentive fees and deal by deal carry calculations
  • Prepare and/or review quarterly/annual financial statements are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
  • Understanding fund structures, underlying investments profiles, promotes and Fund’s governing agreements
  • Conduct technical accounting research and ensure appropriate application to Fund and underlying investments.
  • Heavy 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.  Prepare and/or review covenant analyses for third party debt/line of credit.  
  • Coordination with Tax Advisers on tax provision – current and deferred 
  • Working knowledge of SOC 1 reports and controls.
• Cash Flow Analysis:   Prepare Fund’s cash flow analysis, available cash, sources, and uses of liquidity
  • Oversight and management of Fund’s available operating cash
  • Review/coordination of payments with HVP Treasury and Fund Administrator
  • Review/coordination with internal Director of Operations and Portfolio Management team to assess Fund’s different sources and uses of liquidity
  • Prepare and review quarterly expense accruals
• Financial Analytics & Regulatory Reporting:
  • Understand component of Fund’s and underlying investment performance metrics
  • Prepare and review Fund return/performance analyses, break down fund performance to assist/field client, portfolio mgmt. and/or consultant inquires
  • Review calculations of retrocession, placement fees and rebates
  • Develop and maintain relationships for all internal and external stakeholders
  • Field questions and run/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/response to Ad Hoc Senior Management and client inquires.

Education Preferred:

• Bachelor’s degree with major in accounting, CPA required.

Experience

• 6-10 Years of private equity, semi-liquid product or infrastructure/real assets accounting experience

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