Senior Associate, Private Markets Product Development

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. 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.

The Product Launch Senior Associate will assist with leading the launch of innovative new investment solutions for our clients, including those utilising an existing operating model and those adopting a new operating model. This is an exciting new role directly involved in the firm's expansion. The Senior Associate will be part of the Strategy, Innovation, and Execution function, which is collectively responsible for building the firm in new areas.

The ideal candidate is someone who is:
•    Entrepreneurial, creative, thoughtful, and flexible, with professional experience assisting in developing, fleshing out, and launching new investment products or solutions, preferably within private markets
•    Outstanding attention to detail and ability to assist with pushing for decisions on a project while seeking input from different perspectives, without existing precedents
•    Excellent at communicating complex concepts in simple terms, in writing and in person
•    Experience working in team environments, with the ability to help with leading or facilitating group efforts, and to help influence colleagues and counterparties using a range of techniques
•    Organized and effective in supporting key initiatives, with the willingness and capability to assume responsibility and ownership of outcomes
•    Focused on having a significant impact on the business, while considering short- and long-term opportunities and risks

What you will do:
This role will help with to lead the development of specific new products (including those that are following existing or new operating models) that align with the firm's strategy. The role will include:
•    Assisting on all aspects of the launch of a new product from the point of concept approval to the first subscription
•    Supporting plans to launch a new product
•    Assisting with establishing key dependencies and goals in order to meet launch targets
•    Carefully reviewing and opining on legal, marketing and other product documentation from a commercial perspective
•    Helping to gather feedback and input from a large cross-section of the organization and evaluating different inputs to inform decisions around product terms and related sales and operating models
•    Coordinating with operational leads to ensure that the firm will be prepared to support the operational needs of a new product
•    Sharing experience and insights to influence the firm's product strategy and planning and prioritization process
•    Contributing to research and development before a product concept reaches the launch stage
•    Assisting with preparing and maintaining the firm’s overall product development and launch pipeline
•    Updating and maintaining an array of tools, templates, references, and resources to assist in the development and launch of products
•    Other responsibilities as required

The role will include close collaboration with other members of the Product Launch team, leaders of the Strategy, Innovation, and Execution function, and ongoing partnership with a diverse set of colleagues across the firm, including Legal, Compliance, Marketing, Investor Relations, Private Wealth, Tax, Investments, Client Operations New Business Implementation, and Financial Planning & Analysis, as well as external providers and advisors.

What you bring:
•    3-6 years of professional experience in private markets or asset management space, focused on structuring / product development / product launch and related topics, from a commercial or legal perspective
•    Demonstrated excellence in implementing multi-dimensional projects
•    Strong familiarity with and curiosity about the private equity or broader private markets landscape
•    Strong understanding of the mechanics and inter-dependencies of alternative investment funds
•    Strong project management experience with an ability to lead and manage large cross-functional teams
•    Familiarity with different legal structures used for investors to access private market strategies
•    Familiarity with business models

Education Preferred:
•    Bachelors degree
•    Nice to have: JD or MBA or equivalent experience

Base Salary Range 

$120,000.00 - $130,000.00

This USD base salary range represents only one component of total compensation for this role and is provided in accordance with local requirements. This role is eligible for a discretionary annual bonus, which is determined based on individual and overall firm performance. In addition to salary and bonus eligibility, total compensation may include participation in long-term reward programs (typically for more senior-level roles). We also offer a comprehensive total rewards package that may include retirement contributions, health insurance, income protection, paid time off and leave benefits as well as well-being programs. Our total rewards offerings are influenced by several business factors, and eligibility for certain components will vary by position and geography. Please note the posted ranges do not apply outside the U.S. and should not be converted to other currencies as a proxy for compensation in other countries.