Full-Time
Mutual Fund Intermediary Oversight
Confirmed live in the last 24 hours
Neuberger Berman
Compensation Overview
$110k - $140k/yr
Senior
New York, NY, USA
This is a hybrid position, which implies that the candidate will be required to work in-office some days.
- Bachelor's degree required, Preferably in Business, Finance, or related field
- 5 - 7 years of experience in Financial Services with a focus on mutual fund administration, reporting, and/or intermediary compensation
- Knowledge of industry regulations (e.g., SEC, FINRA) and compliance requirements related to mutual funds and intermediary compensation
- Experience with registered funds, including operational processes is highly preferred
- Working knowledge of fund administration platforms (Broadridge Revport is preferred)
- Proficiency in Microsoft Office Suite, with advanced Excel skills (e.g., pivot tables, macros, VLOOKUPs) and a working knowledge of PowerPoint for reporting and presentations
- Strong communication and interpersonal skills required, ability to collaborate across internal and external stakeholders
- Strong time management skills, detail oriented, and organized with strong follow-through skills
- Team oriented, able to collaborate with others yet also work independently
- Manage the intermediary compensation process, by work with Distribution Partners to oversee invoices and payments, with a focus on streamlining the tracking and reporting workflows
- Act as the primary liaison with transfer agents (UMB, SS&C, JPM, BBH) and other service providers, ensuring alignment on strategy, KPIs, and financial reporting while resolving operational issues
- Oversight of the annual 15c process, including responding to due diligence questionnaire, providing detailed analysis and benchmarking of fund performance, expenses, and AUM against competitors, and preparing materials for the Mutual Fund Board, ensuring proper governance of the funds
- Oversee the Transfer Agent 's trailer process including tracking affiliated investments and ensuring compliance with regulatory requirements for registered funds (e.g. 40 Act Funds, UCITS, QIAIF & PE Funds)
- Conduct risk reporting, cashflow reporting, investment concentration reporting, and investment conflict reporting
- Collaborate with internal teams and various levels of management through the organization (Sales, Legal and Finance)
- Special projects and ad hoc reporting. Contribute to special projects, including automating workflows, enhancing operational efficiency, and improving service delivery
- Support the implementation of Revport and Broadridge tools for intermediary compensation processes to streamline tracking, reporting, and payment workflow for the intermediary invoice global distribution process
- Partner with Finance on the expense accrual process for Firm’s Financial month end close
- Experience with registered funds, including operational processes is highly preferred
- Experience with financial reporting tools and data management systems is a plus
Company Size
N/A
Company Stage
N/A
Total Funding
$11.3B
Headquarters
New York City, New York
Founded
1939
Simplify's Take
What believers are saying
- Strong investor confidence shown by oversubscription of Real Estate Securities Income Fund.
- Maya Bhandari's appointment enhances multi-asset strategy capabilities in the EMEA region.
- Launch of NB Private Markets Academy taps into growing private market education demand.
What critics are saying
- Increased competition in private markets education could challenge NB Private Markets Academy.
- Reliance on return of capital in distributions poses risk if investment income falls short.
- Strategic shifts from new CIO may unsettle existing client relationships in EMEA.
What makes Neuberger Berman unique
- Neuberger Berman's focus on ESG funds aligns with growing sustainable investing trends.
- The firm capitalizes on thematic investing by targeting sectors like 5G and renewable energy.
- NB Private Markets Academy addresses the rising interest in private markets among retail investors.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Performance Bonus
Company News
NEW YORK, March 17, 2025 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) (the "Fund") has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on April 15, 2025, has a record date of March 31, 2025, and has an ex-date of March 31, 2025. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital
Neuberger Berman has hired London-based seasoned investor Maya Bhandari as chief investment officer, multi-asset strategies, EMEA.
NEW YORK, March 3, 2025 /PRNewswire/ -- Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) (the "Fund") has announced a distribution declaration of $0.0584 per share of common stock. The distribution announced today is payable on March 31, 2025, has a record date of March 17, 2025, and has an ex-date of March 17, 2025. The Fund currently intends to make regular monthly cash distributions to holders of its common stock at a fixed rate per share, to be determined based on the projected net rate of return of the Fund's investments as well as other factors, subject to ongoing review and adjustment from time to time. The Fund currently intends to pay its regular monthly distributions out of its distributable cash flow, which generally consists of (1) cash and paid-in-kind distributions from master limited partnerships ("MLPs") or their affiliates, dividends from common stocks, interest from debt instruments and income from other investments held by the Fund less (2) current or accrued operating expenses, including leverage costs, if any, and taxes on its taxable income. The Fund expects that a portion of its distributions to stockholders will constitute a non-taxable return of capital. A "return of capital" is a distribution by the Fund which represents a return of a common stockholder's original investment and should not be confused with a dividend. To the extent the Fund pays a return of capital, a common stockholder's basis in Fund shares will be reduced, which will increase a capital gain or reduce a capital loss upon sale of those shares. There is no assurance that the Fund will always be able to pay a distribution of any particular amount, or that a distribution will consist solely of the Fund's current and accumulated earnings and profits
NEW YORK, March 3, 2025 /PRNewswire/ -- Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) (the "Fund") has announced a distribution declaration of $0.10 per share of common stock. The distribution announced today is payable on March 31, 2025, has a record date of March 17, 2025, and has an ex-date of March 17, 2025.Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.10 per share of common stock, unless further action is taken to determine another amount. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, and the level of other Fund fees and expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist of only net investment income.Due to an effort to maintain a stable distribution amount, the distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income
NEW YORK, March 3, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on March 31, 2025, has a record date of March 17, 2025, and has an ex-date of March 17, 2025.Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0312 per share of common stock, unless further action is taken to determine another amount. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist of only net investment income. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund fees and expenses.The distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income