Private Equity is a rapidly growing group within Neuberger Berman with over $90 billion of investor commitments across our private equity fund of funds, secondary investments, co-investment and direct investment areas, including CLOs.  The Alternatives Finance Group acts as an intermediary between the private equity portfolio managers and external vendors including the fund administrators, auditors and tax professionals. This role will be responsible for all aspects of GP and LP reporting operations for the various private equity funds across the Neuberger Berman platform. Due to the complex nature of the funds, the accounting, valuation and operations functions are critical control functions with respect to the business.  This individual will bear day-to-day responsibility for managing the finance and accounting work streams. 

Responsibilities:

•  Member of the finance team responsible for the accounting and financial reporting oversight for Neuberger Berman’s Capital Solutions business.

• Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns

• Oversight of the Fund Administrator responsible for the preparation of the quarterly NAV and investor reporting process including quarterly investor statements, annual audits and due diligence requests, capital calls and distributions

• Assist in cash management forecasts and budgets along with debt facility oversight to establish capital available for investment

• Reconcile fund expenses per Concur to expense budgets, attribution, and forecasting

• Oversight of fund credit facilities and ensuring compliance and accurate interpretation of the credit agreements, while maintaining a thorough knowledge of the assets in the portfolio

• Perform data analysis on large asset portfolios including data reconciliation and calculation of portfolio compliance tests such as portfolio quality and concentration ratios

• Review management fees, carried interest waterfalls and performance fee calculations

• Reply to investor queries around fund performance, NAVs, taxes, and other areas

• Assist audit and tax professionals in year-end audit and tax reporting

• Various ad-hoc requests from senior management, portfolio managers, and investor relations

• Assist with SEC or other regulatory compliance as required

Qualifications:

• Bachelor’s or higher degree in Accounting or Finance

• Strong understanding of accounting theory and fund accounting and financial reporting

• 10 - 12 years accounting/finance experience; CPA required

• Experience with credit related products, including position reconciliations is a plus

• Experience designing and implementing new policies and procedures

• Highly detail oriented and organized in work

• Ability to meet assigned deadlines

• Excellent communication and interpersonal skills with a customer service focus

• Ability to act and operate independently with minimal daily direction from manager to accomplish objectives

• Proficiency with email and Microsoft Office applications

• Ability to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and results

Compensation Details

The salary range for this role is $100,000-$125,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [email protected].

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