Assistant Treasury Manager

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.

HarbourVest is seeking a highly motivated and experienced assistant manager to join our world-class Treasury team. As an Assistant Treasury Manager at HarbourVest, you will have the unique opportunity to work collaboratively with over 30 dedicated professionals. In this role, you will be responsible for the cash management of a group of HarbourVest private equity Funds to ensure each Fund meets its ongoing funding obligations. This will include managing cash activity, optimizing liquidity, and flawless capital operations for our investors. Working closely with our firm-wide functional teams, you will develop a strong understanding of each group’s role, as well as our various investment strategies, while partnering with external service providers and banking counterparties.

As a member of the Treasury team, you will have the opportunity to contribute to the growth trajectory of HarbourVest and play a vital role in achieving our ambitious goals. This position offers significant advancement and personal development opportunities in both the short and long term.

The ideal candidate:

• Brings a collaborative mindset to work cross-functionally with Treasury colleagues and internal teams to perform all cash management operations as needed, including issuing capital calls, identifying and requesting credit facility borrowings/repayments, and foreign exchange transactions in order to meet Fund commitments while minimizing cash balances
• Is experienced with fast-paced and complex activities, taking the initiative to make informed challenging operational decisions
• Resilient, intellectually curious, analytically driven and process-focused in service of operational excellence
• Even keeled with a high sense of responsibility and collaboration with the executive presence to interact across cross-functional product and deal teams and external stakeholders

What you will do:

Fund Cash Management:

• Lead onboarding of new separately managed accounts (SMAs), identify custom requirements, and work with internal stakeholders to manage the Fund’s set-up, initial capital call and ongoing activity
• Partner with the business to create Fund structure solutions for clients, supporting new product introductions
• Provide responsive, insightful visibility to investors, investment staff and other cross-functional groups regarding capital call forecasts and other Fund liquidity inquiries

Investment Operations:

• Ensure centralized Treasury processes are followed to execute investment activities for initial and follow-on capital deployment and monitor deal pipelines to manage Fund liquidity profiles
• Partner with investment teams to plan and close investments in both USD and foreign currencies with multiple investing Funds and allocations ranging in the hundreds of millions of dollars

Core Treasury Operations:

• Streamline processes and drive continuous improvements, propose areas for enhancement and efficiency, participate in companywide projects, and prepare and maintain ongoing procedural documentation
• Initiate, review, and approve USD and foreign exchange transactions within the Treasury Workstation and banking platforms
• Understand the risk environment within the department to mitigate risk and promote risk awareness, assessment, and control
• Inspire colleagues and self to engage and excel in work and career; embrace a culture of excellence, innovation, communication, and accountability, where all members of the team are motivated to go above and beyond

What you bring:

• Experience with private equity, financial analysis, or operations
• Ability to hire, onboard, mentor, coach and develop team members
• Excellent written and verbal communication skills, the ability to communicate effectively with all levels of management both internally and externally
• Proven ability to learn new systems and processes
• Develop analytical frameworks and models to optimize outcomes
• Excellent analytical and problem-solving skills in addressing operational challenges
• Strong motivation with a commitment to constant growth, learning, and development
• Maintain high engagement and develop team skills, including goal setting, performance reviews and periodic meetings with team members and peers
• Proficient in MS Office (Excel, Word, and PowerPoint)

Education:

• Bachelor's degree required
• Master or advanced degree preferred

Experience:

• 5-7 years’ experience, preferably in an investment management firm
• Prior leadership role in a Treasury, Operations or Finance organization
   

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