Finance - Private Equity Fund Accounting
4 days ago
Formed in 1974, Harvard Management Company ("HMC") manages Harvard University's endowment and related financial assets. Our singular mission is to help ensure Harvard University has the financial resources to maintain and expand its leadership in teaching, learning, and research for future generations. The endowment is managed by a highly experienced generalist investment team whose members each take ownership of the entire portfolio, regardless of asset class. HMC's operational structure brings a wide range of expertise to our portfolio management. These functions include legal, compliance, finance and accounting, tax, human resources and administrative services as well as information technology to develop and implement the systems necessary to support our investment activities.
SUMMARY:
HMC's Finance team works closely with the firm's investment professionals and external fund managers, as well as HMC's legal and operations teams to execute all the investment activities for the portfolio. As a finance function, the team ensures the portfolio is properly controlled, which includes accounting and reporting on all portfolio activity. In addition, the team performs financial analysis and research into various elements of the investment portfolio, including performing diligence on new investment themes and opportunities, or broader analysis on market trends and events.
The incumbent will assist the team with overseeing the private equity portfolio, which consists primarily of investments in private funds. The broader Finance team also supports hedge funds, public equity, real estate, and other investment strategies; as such this individual will gain a broad perspective over these investment strategies and will collaborate on portfolio-wide initiatives, as well as contribute towards coverage across asset classes. This is an exceptional growth opportunity for a talented individual seeking to take their career to the next level.
SUMMARY OF RESPONSIBILITIES:
- Assist with valuation, accounting, and reporting of the portfolio's investments
- Provide direction and guidance to HMC's fund administrator on their execution of transactions and valuations to ensure accounting and performance records are maintained accurately and timely
- Collaborate with other members of the finance and operations teams to execute the periodic accounting close
- Work closely with the investment, operations and legal team to execute the closing of new investment opportunities and to support the overall investment lifecycle
- Assist with technical analysis and research on ad-hoc portfolio matters, and actively engage across support functions at HMC, as well as with external service providers and 3rd party fund managers
- Contribute towards a strong internal control environment that seeks to protect and safeguard Harvard's financial assets and intellectual property
- Offer creativity in dealing with problem solving and idea development; flexibility in responding to a changing environment and daily workflow; and a value-added/efficiency approach to all tasks and projects
- BS in Accounting; CPA a plus
- Minimum of 2 years relevant experience
- Understanding of the investment industry and experience with private equity and venture capital investments and financial reporting
- Solid understanding of legal documentation and investment agreements, including the ability to interpret fund terms and structures
- Experience with fee calculations, including carried interest and waterfall models
- Ability to work well under pressure, balance competing priorities, consistently meet deadlines, and deal with the unexpected
- Exceptional communication skills, with the ability to convey complex ideas succinctly
- Experience with, or strong interest in, leveraging artificial intelligence (AI) tools and data management optimization to enhance systems and processes
- Ability to develop strong relationships throughout the organization, founded in a mindset of value added service and thoughtful analysis
- Demonstrated self-awareness, intellectual curiosity, and a rigorous approach to achieving superior outcomes
- Highest level of integrity and character, self-motivated and takes initiative/pride in work, owns and follows-through on tasks, consistent attention to detail with high-quality output, and a commitment to overall operational excellence
The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is also eligible for an annual bonus. Actual base salary pay will be based on several factors, including skills, competencies, experience, and other job-related factors permitted by law.
OTHER DETAILS:
- The FLSA classification for this position is exempt
- HMC is operating on a hybrid work model where employees are in the office from Tuesday to Thursday and remote on other days
- HMC will not sponsor applicants for work visas for this position.
Interested candidates should apply online via https://www.hmc.harvard.edu/careers/
-
Finance Private Equity Fund Accounting
1 day ago
Boston, MA, United States Harvard Management Company Full timeFormed in 1974, Harvard Management Company (“HMC”) manages Harvard University's endowment and related financial assets. Our singular mission is to help ensure Harvard University has the financial resources to maintain and expand its leadership in teaching, learning, and research for future generations. The endowment is managed by a highly experienced...
-
Finance Private Equity Fund Accounting
2 days ago
Boston, MA, United States Harvard Management Company Full timeFormed in 1974, Harvard Management Company (“HMC”) manages Harvard University's endowment and related financial assets. Our singular mission is to help ensure Harvard University has the financial resources to maintain and expand its leadership in teaching, learning, and research for future generations. The endowment is managed by a highly experienced...
-
Fund Accounting Manager
2 days ago
Boston, MA, United States Gen II Fund Services Full timeGen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Manger to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams...
-
Private Equity Attorney
2 days ago
Boston, MA, United States MNF Global Full timeJob Description Join a Market-Leading Private Investment Funds Practice: An AmLaw 50 firm with one of the largest and most sophisticated global fund practices is seeking a Mid- level Private Investment Funds Associate to join its growing Private Investment Funds group. The group represents clients across the private equity, real estate, venture capital,...
-
Fund Accounting Director
2 weeks ago
Boston, MA, United States Gen II Fund Services Full timeGen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Director to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor...
-
Fund Accountant
4 days ago
Boston, MA, United States Gen II Fund Services Full timeFund Accountant will be responsible for providing accounting services including preparation and processing of transactions and financial statements with supporting schedules and work papers. Primary Responsibilities Will Include:Cash processing and bank reconciliations Record journal entries Maintain general ledger Prepare and set up workpapers and...
-
Fund Accountant
1 week ago
Boston, MA, United States Gen II Fund Services Full timeFund Accountant will be responsible for providing accounting services including preparation and processing of transactions and financial statements with supporting schedules and work papers. Primary Responsibilities Will Include:Cash processing and bank reconciliations Record journal entries Maintain general ledger Prepare and set up workpapers and...
-
Private Equity Fund Accounting
5 days ago
Boston, MA, United States State Street Corporation Full timeWho we are looking for State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This...
-
Boston, MA, United States State Street Corporation Full timeWho we are looking for A leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients....
-
Boston, MA, United States State Street Corporation Full timeWho we are looking for A leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients....
