HarbourVest Partners
Overview
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. Assistant Controller 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 Assistant Controller’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 Detail-oriented Strong communication skills Collaborative Ability to work independently, prioritize multiple tasks and lead production calendars across multiple participants & stakeholders Responsibilities
What you will do: 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 management fees, incentive fees and deal by deal carry calculations
Review quarterly/annual financial statements are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
Understand 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 and intercompany expenses
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 management and/or consultant inquires
Review calculations of retrocession, placement fees and rebates
Develop and maintain relationships for all internal and external partners
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.
Qualifications
Experience in leading the day-to-day operations with fund administrators, including communications for capital calls, distributions, redemptions, and financial reporting
Develop strong working relationships with both internal teams and external partners.
Communicate ideas and information clearly and effectively across all audiences.
Demonstrate a proactive, solution-oriented attitude to ensure results are completed on schedule Education & Experience
Bachelor’s degree or equivalent experience in accounting, CPA required.
Experience 8-12 Years of private equity, semi-liquid product or infrastructure/real assets accounting experience preferred #LI-Hybrid
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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. Assistant Controller 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 Assistant Controller’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 Detail-oriented Strong communication skills Collaborative Ability to work independently, prioritize multiple tasks and lead production calendars across multiple participants & stakeholders Responsibilities
What you will do: 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 management fees, incentive fees and deal by deal carry calculations
Review quarterly/annual financial statements are in accordance with US GAAP, Lux GAAP and other local GAAP as needed.
Understand 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 and intercompany expenses
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 management and/or consultant inquires
Review calculations of retrocession, placement fees and rebates
Develop and maintain relationships for all internal and external partners
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.
Qualifications
Experience in leading the day-to-day operations with fund administrators, including communications for capital calls, distributions, redemptions, and financial reporting
Develop strong working relationships with both internal teams and external partners.
Communicate ideas and information clearly and effectively across all audiences.
Demonstrate a proactive, solution-oriented attitude to ensure results are completed on schedule Education & Experience
Bachelor’s degree or equivalent experience in accounting, CPA required.
Experience 8-12 Years of private equity, semi-liquid product or infrastructure/real assets accounting experience preferred #LI-Hybrid
#J-18808-Ljbffr