Investment Operations

Harvard Management Company•Boston, MA

22h•Hybrid

About The Position

Harvard Management Company (HMC), formed in 1974, manages Harvard University's endowment and related financial assets. HMC's mission is to help ensure the University has the resources to sustain and expand its leadership in teaching, learning, and research. Its investment operations teams provide expertise and services that support portfolio management and investment activities. The Investment Operations team ensures the timely and accurate processing of trades and maintenance of positions across the firm's direct public market investments. Working with a third-party fund administrator, the team oversees post-trade processing and recordkeeping for transactions executed by HMC's trading desk. Daily activity includes trade confirmation and settlement, reconciliation, collateral management, review, and analysis. The team performs daily cash, position, and pricing reconciliations, as well as month-end NAV reconciliations, to align HMC's books with external parties. It also manages treasury operations and portfolio cash management, including cash flows related to external funds and private investments. HMC is seeking a motivated self-starter with strong reconciliation experience and an interest in developing across investment operations. The role is hybrid, with employees in the office Tuesday through Thursday and remote on other days. The position is classified as non-exempt under the FLSA. HMC will not sponsor work visas for this position.

Requirements

One to three years of experience in investment operations, portfolio operations, or fund accounting at an asset management firm, hedge fund, or fund administrator.
Hands-on experience performing daily cash, position, and pricing reconciliations, including root-cause analysis and break resolution.
Experience with month-end cash, position, and NAV reconciliations and tie-outs; familiarity with investment accounting systems.
Working knowledge of investment operations across equities, fixed income, futures, OTC derivatives, digital assets, and FX.
Exposure to trade confirmation and derivative settlement, with an interest in broadening expertise across the full trade lifecycle.
Understanding of cash payments and SWIFT messaging.
Strong analytical and critical-thinking skills and exceptional attention to detail.
High degree of ownership and accountability; ability to work independently, learn new systems quickly, and adapt to evolving workflows.
Ability to analyze complex workflows, identify risks or inefficiencies, and recommend process improvements, including potential AI-driven solutions.
Advanced proficiency in Excel.

Nice To Haves

Bachelor's degree in finance, accounting, or a related field.
Experience with platforms such as Citco Aexeo, Bloomberg AIM, DTCC CTM, OSTTRA MTM, reconciliation platforms, and custodian or prime broker portals.
Experience with Power BI and AI tools.

Responsibilities

Support investment operations for public market instruments, including equities, fixed income, repos, TIPS, OTC derivatives, futures, FX, FX options, and digital assets, in coordination with the third-party fund administrator.
Oversee post-trade lifecycle processes and ensure timely trade confirmation and settlement.
Perform and review daily cash, position, and pricing reconciliations across custodian, prime broker, FCM, and counterparty accounts; investigate root causes and drive break resolution with the fund administrator.
Perform month-end cash, position, and NAV reconciliations, tying the fund administrator's NAV package to internal records.
Review the fund administrator's daily pricing, P&L, and mark-to-market activity.
Approve cash and bond collateral movements with OTC brokers, repo counterparties, and FCMs.
Monitor cash balances and projected activity across custodian, prime broker, and FCM accounts to ensure sufficient funding, and support daily cash forecasting for management and the trading team.
Provide daily maturity reporting to the trading team so derivative, FX forward, and futures positions are rolled on time.
Review and release wires for the direct public market portfolio and external fund portfolio.
Track and support the liquidation of public equity distributions from private equity investments.