Senior Associate, Treasury

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 3-4 days minimum per week in the office.

HarbourVest is seeking a highly motivated and experienced Senior Associate to join our world-class Treasury team. As a Senior Associate 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 approach to working across Treasury and internal teams. Performs all cash management operations as required. This includes issuing capital calls, managing credit facility borrowings and repayments, and handling foreign exchange transactions. The goal is to meet Fund commitments while keeping cash balances low.
• 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 collaborators

What you will do:

Fund Cash Management:

• Lead onboarding of new separately managed accounts (SMAs), identify custom requirements, and work with internal collaborators to manage the Fund's set-up, initial capital call and ongoing activity
• Partner with the business to create custom Fund structure solutions for clients, supporting new product introductions
• Provide responsive, insightful access 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 complete investment activities for initial and follow-on capital deployment and monitor deal pipelines to manage Fund liquidity profiles
• Collaborate with investment teams to plan and finalize investments in USD and foreign currencies. These involve multiple Funds and allocations totaling hundreds of millions of dollars.

Core Treasury Operations:

• Use AI, automation, and other tools to streamline Treasury workflows. Act as a subject matter expert to support adoption and continuous improvement. Maintain related procedures and documentation.
• Begin, assess, and authorize 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 yourself to engage and excel in work and career. Embrace a culture of excellence, innovation, communication, and accountability. Motivate all team members to go above and beyond.

What you bring:

• Experience with private equity, financial analysis, or operations
• Excellent written and verbal communication skills, the ability to communicate effectively with all levels of management both internally and externally
• Proven ability and willingness 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
• Ability to recruit, onboard, mentor, coach, and grow team members
• Maintain strong engagement and foster team skills, including goal setting, performance reviews, and regular 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

#LI-Hybrid

Salary Range

$91,000.00 - $119,000.00

This USD base salary range represents only one component of total compensation for this role and is provided in accordance with local requirements. This role is eligible for a discretionary annual bonus, which is determined based on individual and overall firm performance. In addition to salary and bonus, total compensation may include eligibility for long-term reward programs and a comprehensive total rewards package that may include retirement, health, insurance, paid time off, and wellness programs. Our total rewards offerings are influenced by several business factors, and eligibility for certain components will vary by position and geography. Please note the posted ranges do not apply outside the U.S. and should not be converted to other currencies as a proxy for compensation in other countries.