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Tax Business Transformation Lead

4 months ago


Boston, United States HarbourVest Partners LLC. Full time

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.

Reporting to the Director of Taxation, the primary function of this newly created role is to lead business transformation efforts for the tax function. The Business Transformation Lead will be responsible for driving transformation efforts by identifying, recommending, and implementing business process improvements and technology solutions, while collaborating with internal partners at all levels of the organization, both within Tax and across the firm.

The ideal candidate is someone who is:

* A strong problem solver who can use their analytical skills to develop and implement creative solutions for the business and help build a 'best-in-class' tax function.
* An excellent communicator who is able to forge strong partnerships both within and outside of the tax function, drive consensus, and influence colleagues at various levels across the organization.
* Proactive, positive, and agile, with the ability to effectively manage multiple workstreams in a dynamic environment.
* Curious with the capacity and desire for continuous learning.
* Exceptionally organized and detail-oriented.

What you will do:

Business Process Enhancement

* Create business process map for key tax functions including data capture, usage, and deployment.
* Review existing business process map to identify inefficiencies and manual processes to be streamlined and/or automated.
* Recommend future state business process and technology solutions to address the above findings.
* Work closely with business to prioritize, plan for, and implement new solutions.
* Establish robust data governance practices.

Lead and manage Business Transformation special projects, including:

Global Tax Compliance oversight initiatives:

* Tax compliance workflow tracker - identify and implement technology to effectively monitor global tax compliance obligations (status, dashboarding)
* Tax analytics - identify and implement technology to enable risk-based review of annual tax compliance computations and draw insights.

Develop executive dashboard reporting that allows leadership to effectively monitor other tax team metrics and KPIs, e.g., productivity, onboarding capabilities, timely fulfillment of investor requests.

Tax Risk Control Matrix (RCM) - assess tax risks, document controls (e.g., P&Ps), measure residual risk, create KRIs and escalation/reporting process.

New Product launches - develop processes to operationalize fund tax compliance including data gathering, outsourcing, and investor delivery.

Identify, recommend, and implement automation of existing processes:

* GP Tax estimate process, e.g., automating IRR calculations for tax carry.
* Direct investment support - build process to efficiently capture tax data points and automate tax analysis.
* QBR - Quarterly Business Review - reporting to senior management and team on progress against annual function goals and multi-year True North goals.
* Tax planning and modeling

Other Responsibilities

Provide specialized training and ongoing support to our tax team, ensuring seamless adoption of new technologies and process enhancements.

Firm-wide initiatives/Collaboration with other teams

* Participate in current or planned firm-wide technology initiatives involving Tax, e.g., centralization of client/entity data so there is one golden source.
* Partner with other functional areas (i.e., IT, Client Operations, Corporate Finance) to ensure tax requirements are factored into transformation of their data or processes that touch inputs/outputs to Tax.

What you bring:

* A consistent track record in identifying, recommending, and implementing business process improvements and technology solutions for investment managers
* Strong analytical abilities to translate sophisticated tax requirements of alternative funds and their investments into efficient processes and technological solutions.
* A solid understanding of data elements and their relationships, particularly regarding the operations of an investment managers and its managed funds.
* Hands-on experience with BI tools such as data sourcing, visualization and process automation. Experience with software relevant to fund tax operations (e.g., eFront) is a plus.
* Robust project management/Agile method skills to manage and coordinate all activities for a project (e.g., scope, design, plan, budget).

Education Preferred

* Bachelor's degree or equivalent experience in Accounting, Finance, IT, or a related field. An advanced degree or specialized certification (e.g., CPA, PMP) is a plus.

Experience Preferred

* 8-10 years of experience in the investment management industry with a focus on business process improvement and transformation. Tax or accounting experience is highly desirable but not required.

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