Director, Enterprise Operations & Strategy

HarbourVest Partners•Boston, MA

1d•Hybrid

About The Position

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. The Director of Enterprise Operations & Strategy will partner with broader client operational subject matter experts to support the operational build aspects for the firms’ new investment solutions for our clients. Directly responsible for identifying, assessing and standing up key new operational builds related to the company’s new products. Responsibilities include working closely with the different areas of Client Operations and maintaining ongoing partnerships with a diverse set of colleagues across the firm, including Strategy, Innovation, and Execution, Legal, Compliance, Marketing, Investor Relations, Private Wealth, Tax, and Financial Planning & Analysis, as well as external providers and advisors. This role will report to the Vice President of Enterprise Operations & Strategy in Boston. The Director will assist in building and designing the operational framework of specific new products that are novel to the firm and align with its strategy.

Requirements

6 to 10 years of experience in private markets or asset management.
Strong interest in client operations and fund structuring.
Participated in product launch and related topics.
Demonstrated excellence in implementing multi-dimensional projects.
Strong familiarity with SEC regulatory reporting, US GAAP, LUX GAAP and other basis of accounting.
Strong understanding of the mechanics and inter-dependencies of alternative investment funds.
Familiarity with different legal structures used for investors to access private market strategies.

Nice To Haves

Brings HarbourVest legacy background around systems and processes.
Ability to provide commercially driven insights that advise strategic decision making.
Established network of industry relationships and contacts to leverage to support business research and standard processes.
Brings cross functional expertise with experience in one or more of the five operational functions: Accounting, Client Experience, Performance/Analytics, Transfer Agent, Treasury, Corporate Finance, Compliance (Regulatory and Tax).
Experience with separately managed mandates, complex open and closed end fund structures, alternatives, private equity, credit investments, real assets and various performance fees structures.
Ability to clearly communicate complex technical concepts in simple terms by building a template/model, summarizing in writing and in person.
Proven ability in private equity or alternatives asset class.

Responsibilities

Partner with broader client operational subject matter experts to support the operational build aspects for the firms’ new investment solutions for our clients.
Identify, assess and stand up key new operational builds related to the company’s new products.
Work closely with the different areas of Client Operations and maintain ongoing partnerships with a diverse set of colleagues across the firm, including Strategy, Innovation, and Execution, Legal, Compliance, Marketing, Investor Relations, Private Wealth, Tax, and Financial Planning & Analysis, as well as external providers and advisors.
Assist in building and designing the operational framework of specific new products that are novel to the firm and align with its strategy.
Partner and collaborate with an experienced group of senior professionals to assess the operational builds capacity and needs that may impact the operational model involving accounting, treasury functions, taxation, client onboarding, reporting, performance and third-party service providers.
Assist in all aspects of the client operational launch of a new product from the point of concept to full transition to the “run” team.
Conduct initial assessment of key operational processes and technology required for new product implementation.
Leverage efficiencies and opportunities from past launches.
Establish key dependencies and goals to meet client operational readiness launch targets.
Carefully review legal and other product documentation from an operational commercial perspective.
Solicit feedback and input from a large cross-section of the organization and evaluate different inputs to inform decisions around product terms and related sales and operating models.
Coordinate with operational leads to ensure that the firm will be prepared to support the operational needs.
Share experience and insights to influence product strategy and planning to build efficiencies across product strategies.
Other responsibilities as required.