NB Alternatives – 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 private credit.  NB Private Credit lends money to Private Equity sponsored companies across the capital structure.   Due to the complex nature of the funds that make up NB Private Credit, 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 within NB Private Credit. 

Responsibilities:

• Member of the finance team primarily responsible for the liability and liquidity management functions across Neuberger Berman’s Specialty Finance platform

• Experience sourcing, structuring and managing multiple credit facilities; this includes subscription lines, NAV loans and ABLs across closed end and evergreen fund structures with active trading and daily liquidity movement

• Should be comfortable facing external partners in front-end negotiations, but the candidate will also be expected to develop and maintain long term lender relationships

• Will be expected to ensure fund leverage is optimized, while also maintaining sufficient liquidity reserves to meet any funding requirements.Minimizing cash drag will also be in high focus

• Oversight of all reporting requirements (e.g. collateral quality and concentration ratio testing) for the various credit facilities, as applicable

• The candidate will be expected to maintain a thorough knowledge of the assets in the portfolio and to be able to speak to fund and investment level performance

• Perform data analytics and be able to synthesize and clearly articulate results and/or conclusions to senior management on large and diversified portfolios across multiple fund structures

• Prepare detailed cash projections for fund liquidity reporting

• Assist marketing in preparation of LP specific reporting and responses to prospective client RFP

• Assist Investor Relations with LP questions when needed

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

Qualifications:

•  Bachelor’s or higher degree in Finance, Accounting or Economics

• Strong understanding and experience with fund finance and liquidity management

• Direct buy side or asset-based bank lending experience is a significant plus

• Experience with credit related products, including loan settlement and trade reconciliations is a plus

• Highly detail oriented and organized in work

• Ability to juggle multiple tasks and 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

Compensation Details

The salary range for this role is $130,000-$185,000. 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.

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