Senior Associate, Quantitative Researcher, Private Equity Co-Investments

CFA Institute; Boston (MA); Hybrid; USD 180,000 - 210,000; Full time

Job summary

HarbourVest is seeking a quantitative research professional to conduct rigorous analyses of private markets and investment opportunities. The role emphasizes leading data-driven insights and developing models to inform due diligence.

You will test hypotheses through exploratory analytics and clearly communicate findings to the investment team while collaborating with deal teams on model adoption and enhancement.

Qualifications

• 3+ years of experience in quantitative research or related quantitative finance roles.
• Rigorous statistical analysis and experience analyzing large datasets.
• Strong programming skills in Python and SQL.
• Prior experience with private markets is not required.

Responsibilities

• Lead quantitative/statistical analysis of private markets and investment opportunities.
• Perform data exploration and visualization to test investment hypotheses.
• Communicate analysis results and actionable insights to the investment team.
• Support and drive adoption of QIS models with fundamental analysis conducted by deal teams.

Skills

Python

SQL

Statistical modeling

Data visualization

Education

Bachelor's degree in a technical field

Master's degree or Ph.D. in a technical field

Tools

Pandas

NumPy

Job description

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 ideal candidate is someone with:

• Passion for financial markets and investing, quantitative research with complex datasets, and demonstrated intellectual curiosity.
• Innovative and entrepreneurial attitude. Comfortable taking initiative.
• Excels at clearly and effectively communicating quantitative insights.
• Strives in a collegial and collaborative team-oriented environment.
• Results and detail oriented.
• Willing to work in a position with uneven and high priority project work.
  

What you will do:

• Conducting quantitative/statistical analysis of private markets and investment opportunities (80%)
  • You will play a lead role in analyzing proprietary private markets datasets and models to characterize market risk/return relationships, evaluate investment opportunities in the private equity co-investment market to inform investment selection and due diligence.
  • Diligently perform data exploration and visualization to test investment team hypotheses.
  • Accountable for communicating analysis results and actionable insights to the investment team.
  • Support and drive adoption and integration of QIS models with fundamental analysis conducted by deal teams.
  • Seek to apply new models and techniques (AI/ML) to advance the use of quantitative methods in the investment process.
• Responding to ad-hoc quantitative analysis requests (20%)
  • Supporting client facing teams in conducting ad-hoc analysis and responding to client requests.

What you bring:

• Experience in quantitative equity is required; prior experience with bottoms-up financial modeling is preferred.
• Prior private markets experience is not required.
• Demonstrate rigorous statistical analysis and experience analyzing large datasets.
• Strong programming skills, preferably in Python (including numerical, statistical modeling and visualization libraries) and SQL.
• Prefer prior independent research experience (academic thesis or industry research).
  

Education:

• Bachelor of Arts (B.A) or Bachelor of Science (B.S.) required
• Master's degree or Ph.D. in a technical field preferred
  

Experience:

• 3+ years of experience in quantitative research, quantitative investing, systematic investing, or related quantitative finance roles
  

Base Salary Range (for US-based employees)

$180,000.00 - $210,000.00

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.