- Extensive experience of Private Markets operations ideally having worked in a similar role at a Private Credit Fund manager overseeing third party administrators, performing private credit fund audits, or management experience in private credit fund administration.
- Qualified accountant (CPA or equivalent) preferred but not required
- Excellent technical skills with up to date knowledge of current partnership accounting practices and standards
- Strong communication skills with the ability to plan, prioritize and organize deliverables
- Bachelor's degree required
- Highly detail-oriented with excellent organization and prioritization skills
- Ability to work independently and exercise good judgment
- Team player with proven ability to collaborate across functions
- Strong oral and written communication skills; excellent interpersonal skills
- Fluency in Microsoft Office suite of products
- Ability to identify and manage operational risk
Senior Fund Controller - Boston, United States - HighVista Strategies
1 month ago
Description
Job TypeFull-time
Description
Firm Background
HighVista Strategies is a Boston-based investment firm with approximately $10 billion in assets under management and 70 employees.
We were founded in 2004 and have been managing funds since 2005 for a variety of institutional investors including sovereign wealth funds, endowments, foundations and pension funds, as well as family offices and private investors.
We are employee-owned and led by a seasoned team that combines diverse investment experience and operational depth to provide the firm with robust capabilities in pursuing our investment mandates.
We strive to be the premier specialty alternatives firm and are focused on differentiated alternative investment areas.
Our investment strategies combine a multi-disciplinary approach with principled risk management to deliver high alpha in each of our investment strategies.
We have successfully invested across a wide array of market cycles and regimes. To do this, our investment team is organized into asset class verticals, investing across public and private markets.Today our platform includes unique capabilities in venture capital, private credit, private equity, biotechnology and other hedge fund and multi-asset strategies.
We believe that exceptional businesses are predicated on having great people. Our culture emphasizes respect, integrity, rigorous thinking, hard work, and a continuous drive for excellence in process and results. We value diversity in terms of skills, backgrounds, and opinions.We offer an excellent compensation and benefits package commensurate with experience, and an entrepreneurial work environment centered around team-based achievement.
Position Overview
HighVista Strategies is seeking to hire a Senior Fund Controller with 5 to 10 years of private credit fund experience at an asset manager, fund administrator, or public accounting firm.
The successful candidate will join the PE & VC Fund Operations team, a specialist operations partner providing expertise and support to HighVista Strategies Private Equity, Venture Capital and Private Credit asset classes.
The team is designed to oversee the work performed by our third party administrators and other strategic partners, while adding value to the investment process and clients through leveraging the teams' skills and experiences in these products.
The role will involve daily direct engagement with senior members of the investment teams, the CFO, Director of PE & VC Fund Operations, Head Fund Counsel and other parts of the HighVista Strategies Finance and operations teams.
The Senior Fund Controller is expected to recognize the differences in execution and specialism between different asset classes, clients, geographies and systems.
The role will offer an opportunity to demonstrate thought leadership through continued focus on the development and evolution of the HighVista Strategies private credit operating model.
The successful candidate will oversee the fund control and operations of existing and new funds or segregated mandates.
A key part of the role will be engaging with the third party administrator to direct fund operations along with other strategic partners while working closely with both internal and external stakeholders in the pursuit of delivering excellence in investor experience.
Key Outcomes
Strategic development of the current operational model - continued focus on the evolution of the current operating model, identifying potential improvements to the operational processes and activities of the team, proposing and leading implementation of methods for more efficient and effective working across the operating platforms
Management of service providers - day to day liaison with the third party administrator, banks, auditors and other third party relationships. This will involve assessing service delivery against critical key performance indicators and ensuring service weaknesses are identified and improved in a timely manner;
Investment team liaison -providing assistance to the investment professionals and wider team on finance related tasks;
Coordination of the valuation process- coordination of the valuation process and preparation of associated papers for valuation committee. Review direct investment valuations prepared in house and provide related support to the investment team;
Treasury management - act as intermediary between third party administrator and investment team to ensure appropriate monitoring of cash balances, establishment of cash reserves and ensure timely accurate settlements for all transactions;
New funds and product launches - partner with internal and external stakeholders to ensure successful operational delivery. Determine and apply best operating practices to ensure efficiency is maximized.
Responsibility for ensuring ongoing fund deliverables and tasks are managed effectively to agreed timescales and high expectations - ensure fund NAVs, financial statements and investor reporting are all delivered accurately within required timeframes, annual audits processed timely, support the Client Relations team to respond and resolve investor queries or due diligence requirements.
Requirements
Essential Key Knowledge/Experience/Qualifications
Competencies