Assistant Controller – Private Equity & Credit

Neuberger Berman•New York, NY

8d•$110,000 - $135,000•Hybrid

About The Position

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. 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.

Requirements

Bachelor’s or higher degree in Accounting or Finance
Strong understanding of accounting theory and fund accounting and financial reporting
5 - 8 years of accounting/finance experience
Highly detail oriented and organized
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

Nice To Haves

CPA a plus, but not required
Experience with credit related products, including loan settlement and trade reconciliations is a plus

Responsibilities

Member of the finance team responsible for the accounting and financial reporting oversight for Pre IPO equity and credit funds
Oversight of the Fund Administrator responsible for the preparation of the quarterly financial statements, capital account statements, capital calls and distribution notices
Oversight and compliance of fund credit facilities by accurately comprehending and interpreting the agreement, while maintaining a thorough knowledge of the assets in the portfolio
Review and analyze distribution waterfalls based on fund legal documents
Review partnership and fund IRRs on a quarterly basis and prepare ad hoc calculations
Review management fee calculations
Assist audit and tax professionals in year-end audit and tax reporting
Prepare detailed cash projections for fund liquidity reporting
Assist marketing in preparation of LP specific reporting and responses to prospective client RFP
Work with investor relations to answer LP questions
Various ad-hoc requests from senior management and portfolio managers
Assist with SEC or other regulatory compliance as required