What are the responsibilities and job description for the Accounting Associate position at Harvard Management Company?
Formed in 1974, Harvard Management Company (“HMC”) manages Harvard University's endowment and related financial assets. Our singular mission is to help ensure Harvard University has the financial resources to maintain and expand its leadership in teaching, learning, and research for future generations. The endowment is managed by a highly experienced generalist investment team whose members each take ownership of the entire portfolio, regardless of asset class. HMC's operational structure brings a wide range of expertise to our portfolio management. These functions include legal, compliance, finance and accounting, human resources and administrative services as well as information technology to develop and implement the systems necessary to support our investment activities.
Summary
HMC’s Accounting team collaborates with various functions across HMC, including finance, investment operations, compliance and human resources. The accounting team is also a key bridge to various counterparts at Harvard University such as the Controller’s office and the Office of Treasury Management. The team is responsible for the financial accounting and reporting of the University’s endowment and related investment portfolio, as well as overseeing the accounting, financial analysis, and budgeting for the management company’s corporate records. The accounting team directly supports the University by providing accurate and timely financial reporting.
This individual’s primary responsibilities include instructing, monitoring, and recording portfolio transactions (primarily cash activities) and the maintenance of all associated general ledger accounts. This individual will also assist with the daily administration of HMC’s corporate accounting activities, month-end and year-end accounting closes, and assist with executing various financial statement audits.
Summary Of Responsibilities
The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is also eligible for an annual bonus. Actual base salary pay will be based on several factors, including skills, competencies, experience, and other job-related factors permitted by law.
Other Details
Required Skills
Required Experience
Summary
HMC’s Accounting team collaborates with various functions across HMC, including finance, investment operations, compliance and human resources. The accounting team is also a key bridge to various counterparts at Harvard University such as the Controller’s office and the Office of Treasury Management. The team is responsible for the financial accounting and reporting of the University’s endowment and related investment portfolio, as well as overseeing the accounting, financial analysis, and budgeting for the management company’s corporate records. The accounting team directly supports the University by providing accurate and timely financial reporting.
This individual’s primary responsibilities include instructing, monitoring, and recording portfolio transactions (primarily cash activities) and the maintenance of all associated general ledger accounts. This individual will also assist with the daily administration of HMC’s corporate accounting activities, month-end and year-end accounting closes, and assist with executing various financial statement audits.
Summary Of Responsibilities
- Responsible for the daily accounting and reporting of certain investment related accounts
- Provide timely direction and guidance to HMC’s fund administrator on their execution of transactions and valuations to ensure accounting and performance records are maintained accurately
- Assist in the monitoring and processing of accounts payable for the management company
- Review travel & expense reporting for all internal employees
- Ownership of vendor management and invoice resolution for the management company
- Assist with month-end and year-end close procedures for the investment and non-investment accounts, including general ledger account reconciliations
- Assist with preparation for annual fiscal year closes, various audits, and the management company budget process as needed
- B.S. in Accounting
- Previous experience working in a corporate office environment (preferably in an accounting-related function)
- Proficiency with MS Excel is preferred
- Detail-oriented and organized, with consistently high-quality work
- Flexible and able to adjust to changing priorities and deliverables
- Effective communication skills
- Team-oriented and relationship-driven, with a practical, solutions-focused approach
- Must be a creative problem solver who leverages AI/data optimization to improve processes
- Highest level of integrity and character, and a commitment to excellence
The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is also eligible for an annual bonus. Actual base salary pay will be based on several factors, including skills, competencies, experience, and other job-related factors permitted by law.
Other Details
- The FLSA classification for this position is non-exempt
- HMC is operating on a hybrid work model where employees are in the office from Tuesday to Thursday and remote on other days
- HMC will not sponsor applicants for work visas for this position.
Required Skills
Required Experience
Salary : $65,000 - $80,000