Job Opportunity
Sr. Financial Analyst
HarbourVest | Boston, MA
Job Summary
Develop cash flow analysis and modeling directly related to the management of the firm’s private equity funds and ensure each fund meets its ongoing funding commitments. BS/ BA or equivalent. 3+ years of financial analysis experience.
Details
Summary
HarbourVest Partners, LLC is seeking a Senior Financial Analyst to join our Treasury team of over 30 dedicated professionals. The primary responsibilities for this newly created role will be to develop cash flow analysis and modeling directly related to the management of HarbourVest private equity funds and to ensure each fund meets its ongoing funding commitments. Working closely across HarbourVest functional teams will ensure success and provide an exciting opportunity to develop a strong understanding of the private equity market within each group’s role including investments, custom solutions, accounting, tax, legal, compliance, and marketing, as well as external service providers and banking counterparties. With HarbourVest’s growth trajectory and the operational support required to meet the firm’s ambitious goals, the Treasury team offers significant advancement and personal development opportunities in both the short and long term.
Responsibilities:
Treasury Analytics: 80%
* Manage and forecast the cash flow needs of a group of HarbourVest Funds
* Collaborate with Treasury colleagues and internal teams and develop standalone analyses to support the issuance of capital calls, identify and request credit facility borrowings/repayments and foreign exchange transactions to meet Fund commitments while minimizing cash balances
* Collaborate with the Treasury, Capital Markets and Investment teams to analyze, plan, hedge or execute global investments in USD and foreign currencies for transactions
* Respond to Investor inquiries regarding projected cash requirements and other Fund specific questions
* Propose and implement improved processes and procedures within Fund cash management and document approved customization
* Collaborate with the Capital Markets and Treasury teams to proactively ensure reporting and covenant compliance calculations and requirements are met
Treasury Operations: 10%
* Initiate and review credit facility principal borrowings and repayments as well as interest and commitment fee payments within the Treasury workstation and banking platforms
* Initiate and review foreign exchange transactions and sensitivity analyses within the Treasury Workstation and banking platforms
* Work as an adaptable team player who proactively assists with operational workload rebalancing and high-priority items and collaborates with colleagues
* Think and act quickly, analytically, and creatively to identify operational solutions to daily challenges/opportunities to meet deadlines and other requirements
* Collaborate with Treasury Operations team to insure adherence to internal controls for banking transactions
Other Responsibilities: 10%
* Maintain and facilitate critical counterparty bank relationships
* Evaluate controls on an ongoing basis within HarbourVest Treasury best practices
* Participate in identifying and implementing technology and process improvement solutions to streamline operations and enhance controls
* Participate in special department and companywide projects to improve processes while implementing system solutions
* Ensure all aspects of daily cash operations are handled with accuracy within documented policies and procedures. Recommend updates as appropriate
Education:
* BS/BA or equivalent
Work Experience:
* 3-5 years of financial analysis
Skills and Abilities:
* Demonstrated ability to develop financial analyses as well as enhance existing financial models
* Superior technical dexterity and aptitude for quickly learning new systems
* Natural curiosity and effectiveness at automating analyses or processes
* Highly organized self-starter who excels in a fast-paced, high-volume environment
* Detailed-oriented individual with excellent project management skills
* Excellent cross-functional communication and collaboration skills
* Strong written, comprehension, and verbal communication skills
* Team player within and across functional teams and all levels of the organization
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- Min Education: BA/BS
- Min Experience: 3 years