Senior Manager, Performance Measurement

Job Description Summary

For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and the drive to deliver impactful solutions to our clients and investing partners.  As our global firm grows, we continue to add talented 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 maximizes the potential of both the individual and the firm

HarbourVest is an equal opportunity employer.

We are seeking a self-motivated Senior Manager to join the Performance Measurement Group.  This team is responsible for the calculation and distribution of private equity evergreen performance, as well as the completion of detailed performance measurement reviews on marketing/advertising materials.

This position will be a hybrid work arrangement.

The ideal candidate is someone who is:

• Self-starter who thrives in an entrepreneurial environment
• Passionate about data/performance/reporting
• Always looking to improve processes
• Customer service oriented
• Able to thrive in a fast paced, high volume environment
• A team player

What you will do:

• Own and manage the calculation, analysis and validation of performance across the private equity evergreen program
• Ensures accurate and timely reporting of time weighted returns (TWR), attribution, contribution to return and risk adjusted metrics such as standard deviation and sharpe ratio
• Works closely with internal teams to ensure accurate timely completion of monthly/quarterly reporting, RFPs, and other custom calculation requests
• Establish standard operating procedures and oversee processes/controls related to performance measurement
• Create/redesign/enhance existing reporting framework to meet evolving needs
• Interview, hire, and onboard Performance Measurement professionals
• Develop, maintain, and execute training program for Performance Measurement Group
• Manage staff, set goals, provide regular feedback
• Serve as the subject matter expert on performance analytics for internal and external stakeholders, including investment teams, client reporting, marketing and IT
• Maintain awareness of performance reporting standards (e.g., GIPS, ILPA, SEC) and ensure compliance where applicable

What you bring:

• Strong understanding of performance methodologies, including time weighted return (TWR), IRR, attribution, contribution to return and risk adjusted metrics
• Solid understanding of private equity fund structures, especially evergreen vehicles
• Experience in completing complex performance calculations, reviewing data/materials for accuracy/completeness, and publishing performance data for internal and external consumption 
• Demonstrated ability to lead and assist in the development and management of high performing team; prior management experience is preferred
• Experience interacting with and communicating to various stakeholders regarding industry standard performance measurement and benchmarking practices, demonstrating strong customer service and interpersonal skills
• Proven ability to manage multiple and often competing priorities, superior problem-solving skills, and an understanding of requisite performance-related mathematical and quantitative techniques.  Able to creatively solution and implement results consistently
• Proven ability to establish procedures and controls within a regulatory environment, and monitor / hold staff accountable for adherence to procedures
• Broad understanding of analytical tools and related systems, including spreadsheets, accounting, and performance measurement systems, including Word, Excel, PowerPoint, and Visio
• Experience with reporting, dashboard, and other analytical tool design/creation/maintenance
• Experience with data governance and developing and monitoring exception reporting preferred

Education

• Bachelor’s Degree, MBA or Certificate in Investment Performance Management (CIPM), CFA preferred

Experience

• 5+ Years finance experience in private equity, particularly evergreen vehicles is strongly preferred