HPS Investment Partners is a global investment firm that focuses on providing creative capital solutions across private credit, public credit, and real assets. They work with institutional clients like pension funds, endowments, and sovereign wealth funds, helping them achieve their long-term financial goals. Headquartered in New York, they operate globally, combining deep industry knowledge with a collaborative mindset to deliver value.
The existing Excel-based system was time-intensive and error-prone, making it difficult for the team to handle increasing data complexities. Key pain points included manual data entry, lack of real-time collaboration, and limited visibility into reconciliation statuses. User’s wanted to have one platform that allowed them reconcile funds, communicate with one another, and monitor activity for auditing and accountability.
Net Asset Value (NAV) reconciliation is the process of verifying and ensuring the accuracy of a fund's NAV, which represents the total value of its assets minus liabilities. This reconciliation involves comparing internal records with external data sources (such as custodians, banks, and other third-party providers) to confirm that all asset values, transactions, and liabilities are correctly reported. The goal is to identify and resolve discrepancies, ensuring that the NAV reported to investors or regulators is accurate and reliable. This process is crucial for financial reporting and investor confidence.
<aside> <img src="notion://custom_emoji/d8fefcac-b356-4a15-97dc-7cc3d3618a27/177f75ed-b909-8064-bfa0-007a655313f2" alt="notion://custom_emoji/d8fefcac-b356-4a15-97dc-7cc3d3618a27/177f75ed-b909-8064-bfa0-007a655313f2" width="40px" />
I worked closely with the client from discovery through to design handoff, helping define the problem space and uncovering functional requirements. My responsibilities included creating information architecture maps and iterating on designs through multiple rounds of feedback, often incorporating new requests from the client. Throughout the process, I collaborated closely with engineers to ensure the design was feasible and aligned with technical requirements, while also refining user flows to meet business and user needs.
</aside>
The NAV reconciliation workflow project aimed to make the reconciliation process easier and more efficient for the fund accounting team at HPS Global Investment Partners. The system tracks the progress of NAV reconciliation through different stages, like Administrator Prepared, Preparer Signoff, Reviewer Signoff, and Controller Signoff. Users can easily view their to-do lists and dashboards, making it simple to assign tasks, filter, and sort by date, fund, or assignee. Important tasks are highlighted, and overdue items trigger notifications, helping everyone stay on top of things. Plus, the solution includes tools for document management, version control, internal communication, and secure task reassignment, all designed to streamline the reconciliation process and foster better collaboration within the team.
Fund page
Fund comments
Fund audit log
Comments, tasks, and audit log panels