Finance - Private Equity Fund Accounting

Finance - Private Equity Fund AccountingCategoryAccounting & FinanceJob LocationTracking Code457-964Position TypeFull-Time/RegularFormed 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 investmentsProvide 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 timelyCollaborate with other members of the finance and operations teams to execute the periodic accounting closeWork closely with the investment, operations and legal team to execute the closing of new investment opportunities and to support the overall investment lifecycleAssist 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 3 rd party fund managersContribute towards a strong internal control environment that seeks to protect and safeguard Harvard's financial assets and intellectual propertyOffer 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 projectsQUALIFICATIONS Minimum of 2 years relevant experienceUnderstanding of the investment industry and experience with private equity and venture capital investments and financial reportingSolid understanding of legal documentation and investment agreements, including the ability to interpret fund terms and structuresExperience with fee calculations, including carried interest and waterfall modelsAbility to work well under pressure, balance competing priorities, consistently meet deadlines, and deal with the unexpectedExceptional communication skills, with the ability to convey complex ideas succinctlyExperience with, or strong interest in, leveraging artificial intelligence (AI) tools and data management optimization to enhance systems and processesAbility to develop strong relationships throughout the organization, founded in a mindset of value added service and thoughtful analysisDemonstrated self-awareness, intellectual curiosity, and a rigorous approach to achieving superior outcomesHighest 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 excellenceBASE SALARY RANGE $110,000 - $130,000The 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 exemptHMC is operating on a hybrid work model where employees are in the office from Tuesday to Thursday and remote on other daysHMC will not sponsor applicants for work visas for this position.J-18808-Ljbffr