Assistant Controller - ILS/Direct Access
About The Position
NB Private Markets is a rapidly growing group within Neuberger Berman with over $120 billion of investor commitments across our private equity fund of funds, secondary investments, co-investment and direct investment areas, including alternative credit. Neuberger Berman's Insurance-Linked Strategies launched in 2009. Its mission is to deliver uncorrelated and attractive risk-adjusted returns using a dynamic and active risk management approach, leveraging the broader Neuberger Berman platform. This role will support fund accounting and financial reporting across the ILS fund complex as well as direct investment and hedge fund vehicles, working closely with portfolio managers and investor relations teams across these strategies.
Requirements
- Bachelor's or higher degree in Accounting or Finance
- Strong understanding of accounting theory and fund accounting and financial reporting
- 5-8 years accounting/finance experience
- Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
- 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
- Experience with credit related products, including loan settlement and trade reconciliations is a plus
- Exposure to direct investment and/or hedge fund accounting/reporting is a plus
Responsibilities
- Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns for ILS, direct investment, and hedge fund vehicles
- Assist with the Fund Administrator responsible for the preparation of the investor reporting process including Monthly investor statements, annual audits and due diligence requests across ILS, direct, and hedge fund structures
- Assist in cash management forecasts and budgets to establish capital available for investment across the ILS, direct investment, and hedge fund portfolios
- Maintain expense register and ledger for expense budgeting, attribution, and forecasting
- 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
- 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 fee calculations and performance fee calculations, including incentive/performance fee structures common to direct investment and hedge fund vehicles
- Reply to investor queries around fund performance, NAVs, taxes, and other areas spanning ILS, direct, and hedge fund investors
- Assist audit and tax professionals in year-end audit and tax reporting for ILS, direct investment, and hedge fund entities
- Support the onboarding and integration of new direct investment and hedge fund vehicles into the fund accounting and reporting infrastructure
- Various ad-hoc requests from senior management, portfolio managers, and investor relations
- Assist with SEC or other regulatory compliance as required
Benefits
- paid time off
- medical/dental/vision insurance
- retirement
- life insurance
- discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
