Treasury Director

Job Description Summary

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, which translates to 2-3 days minimum per week in the office.

HarbourVest is recruiting for a Director to join our Treasury team of over 30 dedicated professionals reporting to a Senior Vice President and Assistant Treasurer. This individual will focus on providing direct support of our Private Credit investment strategy and will collaborate daily with investment teams ensuring flawless investment deployment and capital operations for our LP investors. The role's primary responsibility will be the management of cash flows for a group of private credit funds to ensure each fund meets its ongoing funding commitments. Working closely with firm-wide functional teams will ensure success and provide an exciting opportunity to develop a strong understanding of each group's role within our private credit investment strategies, while partnering with external service providers and banking counterparties. With HarbourVest's growth trajectory and the operational support needed to meet the firm's ambitious goals, the Treasury team offers significant advancement and personal development opportunities in both the short and long term.

The individual will lead the following key areas of responsibilities:

• Serve as Treasury's lead business partner to the private credit investment team with close daily collaboration in planning cash needs for investment deal-flow across all private credit Funds.

• Close and fund all private credit investments on time and accurately in both domestic and foreign currencies across time zones with multiple investing entities and allocations; to date, HarbourVest has committed more than $150B of capital across all strategies, with $7B allocated to private credit alone.

• Manage and forecast the cash flow needs of a group of HarbourVest private credit Funds.

• Collaborate with Treasury colleagues and internal teams to issue capital calls to LP investors, identify and request credit facility borrowings/repayments and foreign exchange transactions to meet fund commitments while minimizing cash balances.

• Lead onboarding of new private credit funds and separately managed accounts, identify custom requirements, and work with internal stakeholders to manage the fund's set-up, initial capital call and ongoing activity.

• Respond to LP investor inquiries regarding projected cash requirements and other fund-specific questions.

• Propose and implement improved processes and procedures within fund cash management and document approved customization.

• Drive operational improvements in the investment deal closing process.

• Partner with the Treasurer and Head of Capital Markets to cultivate strong banking relationships.

• Maintain high engagement and develop team skills, including goal setting, performance reviews and periodic meetings with team members and peers.

• Explore mentorship opportunities to support and provide recognition for the daily operations of the Treasury function.

• Identify and engage with key partners to position the team for successful contributions to cross-functional initiatives.

Other responsibilities will include:

• Partner with the team's Assistant Treasurer to measure the efficiency and impact of the team by modeling improvements and reporting on Key Performance Indicators.

• Lead improvement initiatives for the business unit, orchestrating the strategic approach, communications, analytics, tactical engagement models, and performance targets.

• Provide overall direction, guidance, and support to the Treasurer, and the Treasury leadership team.

• Devise and implement appropriate policies and processes and bring subject-matter expertise and efficiency for Treasury cash management practices.

• Identify operational inefficiencies and map out key processes for resolving issues and challenges.

• Collaborate to develop and implement forward-looking proposals for the operational infrastructure of systems and processes designed to accommodate the firm's rapid growth.

• And other responsibilities as required.

This role represents an outstanding opportunity for an individual to join one of the world's leading organizations within the global alternative investment management industry. The best candidate would possess significant operational and technical expertise with the ability to operate at a leadership level, while also demonstrating the ability to engage with detail and innovate processes on a tactical level. The individual will be a respectful but nonetheless candid influencer and communicator, capable of understanding and handling the diverse requirements of numerous partners and bringing these together through coherent and convincing direction.

The best candidate will preferably have experience in investment management, private markets, open-ended or SEC-registered investment vehicles, as well as wealth management channels. Additionally, the candidate will have a consistent track record for developing the following:

• Streamlining, redefining and digitizing processes for improved efficiency, as well as a proven ability to think strategically and implement change to improve upon operational processes

• System experience and capabilities with a suite of IT platforms, such as a treasury workstation (FIS Integrity) and various software solutions (e.g., PowerBI, Alteryx)

• Strong relationship skills, both internally and externally with interpersonal and consultative communication skills and well-developed presentation skills.

• Strong ability to attract, engage, develop, and retain talent.

• Entrepreneurial demeanor, with an ability to be forward-thinking and work in a fast-growing, dynamic environment and a desire to build out a team and capabilities.

• Strong work ethic, intellectual honesty, and curiosity.

Education

• Bachelor of Arts (B.A), Bachelor of Science (B.S) or equivalent experience required.

• Master of Business Administration (MBA) or Master of Science (MS) or equivalent experience preferred.

• Certified Treasury Professional (CTP) preferred. 6-10 years of experience in Treasury

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