Assistant Controller - Secondaries

Neuberger Berman • New York, NY

181d • $110,000 - $135,000 • Hybrid

About The Position

The Alternatives Finance Group serves as an intermediary between private equity portfolio managers and external partners, including fund administrators, auditors, and tax professionals. The Assistant Controller is responsible for overseeing all aspects of fund reporting operations for multiple private equity funds across the Neuberger Berman platform, as well as providing oversight of fund administrators in recording and reconciling transactions within the portfolio management and accounting systems. Additionally, this position assists with the preparation of historical investment performance analyses, financial statements, and related reports. Private Equity is a rapidly growing business within Neuberger Berman, with over $187 billion in AUM spanning fund of funds, secondary investments, co-investments, and other strategies.

Requirements

• Bachelor's degree or higher in Accounting or Finance
• Strong understanding of accounting principles, fund accounting, and financial reporting
• 4-7 years of accounting/finance experience; CPA preferred
• Highly detail-oriented and organized
• Ability to meet assigned deadlines
• Excellent communication and interpersonal skills, with a client-service orientation
• Ability to operate independently with minimal supervision
• Proficiency with Microsoft Office applications and email
• Demonstrated ability to collaborate effectively with colleagues, management, and external partners to achieve results

Responsibilities

• Serve as a key member of the finance team overseeing accounting and financial reporting for Neuberger Berman's Secondary Funds business
• Support accounting and financial reporting oversight for Neuberger Berman's broader Private Equity platform
• Oversee fund administrators responsible for preparing quarterly financial statements, capital account statements, capital calls, and distribution notices
• Review audited financial statements and related footnote disclosures
• Review and analyze distribution waterfalls in accordance with fund legal documents
• Review partnership and fund IRRs on a quarterly basis
• Review management fee calculations
• Collaborate with audit and tax professionals to support year-end audit and tax reporting processes
• Prepare detailed cash projections for fund liquidity management
• Partner with marketing to prepare LP-specific reporting and respond to prospective client RFPs
• Work with investor relations to address LP inquiries
• Complete various ad-hoc requests from senior management and portfolio managers
• Support SEC and other regulatory compliance activities as needed

Benefits

• Paid time off
• Medical/dental/vision insurance
• 401(k)
• Life insurance
• Discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree