Vice President, Evergreen Product Operations

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.
 

The Vice President, of U.S. Evergreen Product Operations will have accountability for the oversight and coordination of operational requirements of all U.S. Evergreen products, including but not limited to Separately managed accounts, Collective Investment Trusts, and SEC-registered (40 Act and 34 Act) Funds that provide exposure to private markets through regular (e.g., daily, monthly or quarterly) subscriptions and repurchases for U.S. high net worth and institutional investors.

The ideal candidate is someone who is/has:

• A strong understanding of the mechanics and inter-dependencies of SEC-registered Funds, outsourcing of service providers, and distributors within the US private wealth channel
• Experience working with Funds subject to the Investment Company Act, the Investment Advisers Act, Securities Act, and Securities Exchange Act and with corresponding compliance requirements
• Experience with separately managed accounts
• Experience with Collective Investment Trusts
• Proactive self-starter
• Analytical and organized
• Meticulous while remaining focused on key goals
• Good judgment around issue prevention, identification and resolution
• Ability to work effectively in a cross-functional and highly matrixed environment
• Relationship-management skills for internal and external partners
• Possess a change-management mentality
• Comfort working in areas that may not always have established precedents
• Keen continuous improvement and efficiency mindset, focused on proactively identifying operational improvements
• Strong written and oral English communication skills
   

What you will do:
Product Operations Oversight: Serve as a key member of the Evergreen team reporting to the Head of U.S. Evergreen Product Operations and be accountable and responsible for driving and ensuring the operational excellence of the U.S. Evergreen product line up.

• Partner with Product Manager, Portfolio Manager, Private Wealth sales team, and firm operations leaders to ensure the effective operational execution and risk management of the products and Funds
• Serve as commercial business coordinator to all central operational leaders, ensuring that all operational, legal, and compliance requirements of the products and Fund(s) are met, including accounting, client administration and servicing, client reporting, compliance reporting, data management, legal and regulatory needs, tax, etc.
• Coordinate with central vendor management team to oversee third-party service providers for the products and Fund(s), including distributors, Fund administrators, transfer agents, and custodians, to ensure excellence in day-to-day Fund operations as well as a strong control environment
• Support Private Wealth sales, Product Management, and other relationship leads in the production and creation of all marketing content, coordination of RFP responses, product development, and distributor onboarding and management
• Monitor operational, legal, regulatory, and technological developments within the SEC-registered Fund market and develop and drive continuous improvement plans internally
• Assess and report internally on the overall health of the Evergreen products and SEC-registered Fund(s)

Fund Governance: Expected to support external Fund Board(s) of Trustees accountable for the overall management of the Funds.

• Have responsibility for processes and procedures related to the production of accurate and comprehensive Board reporting
• Support the relationship with the Board and work with the Head of US Evergreen Product Operations, Evergreen Portfolio Management Team and HarbourVest's Legal and Compliance functions to seek Board approvals as needed, including with regard to regular investment approvals
   

Education Preferred:
Strong academic and professional credentials
Experience:
12-15+ years of investment, structuring, product development, client service and/or experience with the operations of SEC-registered investment companies, and separately managed accounts.
Nice to have: Experience with tender offer or interval Funds, distribution through high-net-worth channels within the US, and/or illiquid investments

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