HarbourVest Partners
The Direct Portfolio Associate will support the Direct Co-Investment group in investing capital as well as improving business operations. The role will have exposure to a wide range of activities primarily focused on the transaction closing process. This includes but is not limited to managing document flow, communication among relevant internal and external parties, KYC, preparing closing packages, and processing transaction sheets. This role will serve as a liaison with internal departments such as Accounting, Tax, Legal, and Compliance and ensure compliance with all internal processes. The Portfolio Associate will work closely with the Direct team in Boston, London, and Hong Kong. Prior experience with private equity, private credit, or corporate law firm would be an asset. Ability to provide notary services as a Notary Public of Massachusetts would also be an asset. This role is not focused on evaluating direct investments.
Job Skills And Abilities
- Must be a motivated self-starter, able to work independently or as part of a team, under pressure, with changing priorities and little supervision
- Exceptional organizational skills, including the ability to multi-task efficiently with constant regard for accuracy and attention to detail
- Ability to quickly develop a strong understanding of new systems, data relationships, and processes
- Excellent problem-solving and analytical skills
- Superb written and verbal communication skills
- Word, Excel, and PowerPoint
Responsibilities
Direct Deal Closings: 60%
- Audit Treasury’ investment tracking and coordinate overall information flow among relevant internal and external parties
- Work closely with direct deal team, internal operational groups, and third parties to facilitate exiting investments
- Work closely with the direct deal team and external legal counsel to monitor the status of closing investments
- Facilitate and prepare the closing package for direct investments, ensuring that all closing pack requirements are satisfied completely and accurately
- Ensure compliance with all internal transaction processes and reporting requirements
- Work with Accounting to ensure that all pertinent documentation has been provided and included in transaction sheets
Know Your Customer (KYC) / AML Process: 15%
- Review and respond to KYC inquiries and requests
- Coordinate with internal teams, including Legal, Compliance, and the deal teams to provide documentation to external legal counsel or third parties
Direct Investment Monitoring and Operations: 25%
- Prepare invoices for deal-related expenses and provide allocations for deal-related invoices received
- Assist with the implementation of Direct Co-Investment group strategic initiatives, ad- hoc operational projects, and other aspects of group management
- Maintain and analyze Direct group databases (e.g. deal log, investment tracking, data integrity of internal systems)
- Respond to internal and external queries and requests in relation to the Direct Co- Investment portfolio
- Provide Notary Public services