Manager, Performance Measurement

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.

We are seeking a self-motivated Manager to join the Performance Measurement Group. This team owns the calculation and distribution of private equity evergreen performance, as well as the completion of detailed performance measurement reviews on marketing/advertising materials.

This position will be a hybrid work arrangement.

The ideal candidate is someone who is:

• Self starter who excels in a high-reaching environment
• Passionate about data/performance reporting
• Always looking to improve process
• Customer service oriented
• Able to succeed in a fast paced environment
• A team mate

What you will do:

• Own and lead the calculation, analysis and validation of performance across the private equity evergreen program
• Ensures accurate and timely reporting of time weighted returns (TWR), attribution, contribution to return and risk adjusted metrics such as standard deviation
• Works closely with internal teams to ensure accurate timely completion of monthly/quarterly reporting, RFPs, and other custom calculation requests
• Establish standard operating procedures and lead all aspects of processes/controls related to performance measurement
• Develop, maintain, and implement training program
• Serve as the subject matter authority on performance analytics for partners, including investment teams, client reporting, marketing and IT
• Lead staff, set goals, provide regular feedback
• And other responsibilities as required

What you bring:

• Strong understanding of performance methodologies, including time weighted return (TWR), IRR, attribution, contribution to return and risk adjusted metrics
• Proven understanding of private equity fund structures, especially evergreen vehicles
• Experience in completing sophisticated performance calculations, reviewing data/materials for accuracy/completeness, and publishing performance data
• Consistent track record to lead and assist in the development and management of high performing team; prior management experience is preferred
• Experience interacting with and communicating to various partners regarding industry standard performance measurement and benchmarking practices, demonstrating strong customer service and communication skills
• Shown ability to lead multiple and often challenging priorities, outstanding problem-solving skills, and an understanding of requisite performance-related mathematical and quantitative techniques. Able to creatively solution and implement results consistently
• Consistent track record in establishing procedures and controls within a regulatory environment, and supervise / hold staff accountable for adherence to procedures
• Broad understanding of analytical tools and related systems, including spreadsheets, accounting, and performance measurement systems, including Word, Excel, PowerPoint, and Visio
• Experience with reporting, dashboard, and other analytical tool design/creation/maintenance

Education Preferred:

• Bachelor of Arts (B.A) or equivalent experience
• Bachelor of Science (B.S) or equivalent experience
• Master of Business Administration (MBA) or equivalent experience
• Certificate in Investment Performance Management (CIPM) or Chartered Financial Analyst (CFA) preferred

#LI-Hybrid

Experience:

• 5-8 Years (Senior Associate level)