At a Glance
- Tasks: Oversee operations of evergreen funds and ensure compliance with regulations.
- Company: Join HarbourVest, a global leader in private markets with a collaborative culture.
- Benefits: Enjoy hybrid work, 18 remote days per quarter, and a supportive environment.
- Other info: Thriving workplace with opportunities for growth and development.
- Why this job: Make an impact in a dynamic role that values innovation and diversity.
- Qualifications: 10+ years in fund operations with expertise in private markets and strong communication skills.
The predicted salary is between 100000 - 150000 £ per year.
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.
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.
We are seeking to hire an individual possessing fund operations expertise to drive oversight of the evergreen funds. A fit for this role will contribute to growing HarbourVest’s evergreen offerings. They will engage closely with diverse in-house and external collaborator groups.
The ideal candidate is someone who is:
- Has a range of experience across fund operations
- Experience in private markets funds, in evergreen structures in particular
- Highly skilled in change and collaborator management with ability to build positive relationships across the global organization
- Execution focused with a proven track record in building robust and scalable processes
- Able to consider multiple solutions and adapt approach to best meet cross-functional internal and external needs
- Ability to perform effectively in a fast-paced environment, balancing multiple competing demands and projects
What you will do:
- Manage day-to-day operations of non-US based evergreen products. Ensure accurate and timely completion of fund routines such as cash management, credit facility, and depositary oversight.
- Regulatory support including Annex IV, EMIR reporting, CSSF reporting, PRIIPS, and monitoring of future developments and needs in this area.
- Governance support to prepare for board meetings, managing commercial agreements, working closely with legal.
- Support product launches, new share class introductions, and platform onboarding from an operational and regulatory perspective.
- Taking the lead in development/enhancements of current and future processes/infrastructure needs.
- Partner with Investor Relations, Private Wealth and Product teams to support DDQs, ODD meetings, platform due diligence, and investor queries related to product operations and regulatory compliance.
- Support the Portfolio Manager and investment specialist as needed to address ongoing needs of the products.
- Oversight of 3rd party service providers from a product lens.
- And other responsibilities as required.
What you bring:
- Strong understanding of the mechanics and inter-dependencies of evergreen and/or private market funds.
- Demonstrated hands-on experience of European regulatory and commercial landscape relating to private markets, experience with UCITS are a plus.
- Strong written and oral English communication skills (other language skills nice to have).
- Broad understanding of fund operations and governance.
- Results oriented individual with organisation and analytical skills.
- Comfortable working in an area that may not always have established precedents.
- Understands the private wealth place including intermediary, platform, data vendor relationships.
- Highly proficient with Microsoft, especially Excel and PowerPoint.
Education Preferred:
- Degree or equivalent experience
Experience:
- 10 + years proven experience in fund/product or investment operations or a related role within private markets (private credit, private equity), evergreen products or UCITS.
Vice President, Evergreen Product Operations in London employer: HarbourVest Partners
HarbourVest Partners is an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. With a strong commitment to employee growth, the company provides ample opportunities for professional development and encourages a hybrid work model that promotes work-life balance. Joining HarbourVest means being part of a forward-thinking team dedicated to delivering high-quality client solutions in the financial services sector.