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HarbourVest Partners, LLC
Boston, MA

CONTACT: Please apply to careers@harbourvest.com

HarbourVest is an independent, global private markets investment specialist with more than 35 years of experience and more than $50 billion in assets under management. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 400 employees, including more than 100 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $34 billion to newly-formed funds, completed over $19 billion in secondary purchases, and invested over $8 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results.

RESPONSIBILITIES:

HarbourVest has seen strong growth in its private equity solutions offerings, and the firm now manages over $6B in credit facilities, with over 20 credit agreements covering over 50 borrowing entities. We expect continued growth and are seeking to add an experienced professional to our team to help manage the loan portfolio.
The TA-III will play a key role in the department and will be responsible for coordinating financing actions for HarbourVest funds through the use of credit facilities and issuance of capital calls to investors. He or she will take actions to coordinate with internal staff and banks to ensure timely execution of operations, as well as fulfillment of HarbourVest’s obligations, such as interest and principal payments, covenant compliance, etc.

Credit Facility Management

  • Draft borrowing, rollover, repayment notices, procure signatures and communicate to banks
  • Coordinate timely payments to or from banks
  • Prepare debt related wire transfers in the banking system and Treasury Workstation (TWS)
  • Ensure accuracy of records in TWS and other systems
  • Coordinate workflows for interest and principal payments
  • Analyze accuracy of charges and follow up with banks with any corrective actions
  • Update outstanding borrowings and maintain spreadsheets measuring covenant compliance with borrowing base and capital called to date
  • Maintain allocations to Qualified Borrowers; guarantees and other analytical records
  • Prepare notices advise investors of a credit facility
  • Prepare quarterly facility commitment fees and monthly interest payments
  • Point person for debt related issues with credit banks
  • Point person for debt testing for TWS upgrades/implementations
  • Work with cash team to ensure timely debit of payments on all debt related activities
  • Help prepare covenant compliance, reporting and other agreement requirements

Monitor Cash Activity for HarbourVest Funds

  • Propose drawing down or repaying credit facility, and/or issuance of a capital call to fulfill funding needs

Capital Call Issuance

  • Process capital calls for HarbourVest Funds as assigned

Process Improvement

  • Identify process improvements and propose corrective actions for the debt cycle
  • Work with Business Analyst and Transformation Project Office to redesign workflows and/or system requirements for managing credit facilities, either using FIS (formerly SunGard) Integrity or an alternative system

REQUIREMENTS:

Job Skills and Abilities

  • Experience managing a portfolio of loans at a bank or asset manager would be helpful
  • Reliable and highly accurate
  • Ability to plan workloads, coordinate with internal and external stakeholders and meet deadlines
  • Strong analytical skills
  • Excellent written and oral communications
  • Team player

EDUCATION -BS/BA or equivalent
EXPERIENCE – 5+ Years’ experience in treasury with credit facilities
ADDITIONAL SKILLS – Excel; exporting and importing data to TWS, eFront and other systems

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