Job Description
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. You will receive 18 remote workdays per quarter to use at your discretion, subject to manager approval. For example, you may choose to work in the office 4 days per week and take one remote day weekly (typically 13 weeks per quarter), leaving 5 additional remote days to be used as needed.
Position Overview:
The Associate supports debt management activities across HarbourVest funds and is responsible for coordinating day-to-day credit operations. This role partners closely with internal collaborators and counterparties from the banking sector outside the organization to ensure accurate, timely, and well-controlled execution of treasury activities.
The ideal candidate is analytical, organized, diligent, and able to thrive in a fast-paced, collaborative environment.
Job Skills and Abilities
Solid understanding of credit facilities, treasury operations, and related financial processes.
Highly diligent with a strong dedication to accuracy and quality.
Strong organizational and time-management skills, along with proficiency in managing competing priorities and meeting deadlines.
Demonstrated analytical and problem-solving skills with the ability to identify issues and recommend practical solutions.
Excellent written and verbal communication skills, capable of working effectively across internal teams and external banking partners.
Collaborative and proactive standout colleague possessing a robust client service orientation.
Understanding of compliance requirements, covenant monitoring, and processes dedicated to maintaining oversight related to credit facilities.
Experience with banking portals and treasury management systems such as FIS Integrity or Kyriba is preferred.
Advanced Excel skills, including experience with pivot tables and CSV uploads, are preferred.
What you will do
Credit Facility Management
Maintain accurate records of credit facility agreements and ensure Treasury Workstation data and static data entries are updated in a timely and accurate manner.
Update quarterly fee allocations for umbrella funds and coordinate with the Accounting team to support related cash movements.
Review bank charges and track required updates and follow-up actions.
Partner with Cash Operations, Capital Markets, and Accounting teams to support the management of credit arrangements.
Support quarterly covenant compliance processes in partnership with the Accounting team.
Contribute to projects that enhance automation, improve controls, and streamline credit operations workflows.
Perform additional responsibilities and special projects, as assigned.
Cash Operations Management
Process intercompany and management fees as part of the rotation and collaborate with Corporate Accounting to ensure timely payment execution.
Static Data Management
Input static data into Treasury Workstation as part of the rotation for new business units, bank accounts, counterparties, FX/MMKT exposures, and other items to support the Infrastructure pillar.
Process Improvement
Support continuous improvement initiatives focused on strengthening credit operations processes, controls, and efficiency.
Education Preferred
Bachelor of Science (B.S) or equivalent experience
Experience
3-5 Years Of Experience
#LI-Hybrid
Base Salary Range
$85,000.00 - $90,000.00
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.