Head of Fund Finance, Private Markets

Neuberger Berman•New York, NY

3d•$250,000 - $325,000

About The Position

NB Private Markets is one of the most rapidly growing alternative investment platforms within Neuberger with over $166 billion of AUM across our private equity fund of funds, secondaries, co-investments, private credit and other alternative strategies. The platform spans the full spectrum of private markets investing – from primary fund commitments and secondaries to direct co-investments and structured credit – serving a global base of institutional investors including sovereign wealth funds, pension funds, endowments, foundations, insurance companies, and family offices. The complexity and scale of these strategies make the accounting, valuation, and finance function a mission-critical control and partnership function within the business. This individual will serve as a senior finance leader with day-to-day responsibility for managing accounting and finance work streams across private markets, reporting directly to the Alternatives CFO.

Requirements

20+ years of relevant work experience, including Big 4 public accounting background, with a foundation in financial services, asset management, or alternative investments audit practice
CPA required; MBA or CFA preferred
Broad experience across alternative investment strategies and asset classes, including but not limited to private credit, direct lending, structured credit, real assets, private equity, hedge funds, and/or multi-strategy fund structures
Familiarity with a range of vehicle types including separately managed accounts, commingled funds, CLOs, and BDCs
Experience designing and implementing accounting policies, internal controls, and operating procedures in a complex, fast-growing environment
Deep knowledge of legal, tax, and accounting considerations across fund structures
Highly detail oriented with strong organizational and project management skills; ability to manage multi-task under tight deadlines
Excellent communication and interpersonal skills with a client service orientation; able to interact credibly with investors, auditors, legal counsel, senior leadership
A self-starter with an authentic, go-getter mindset — someone who takes initiative, owns outcomes, and brings genuine enthusiasm and intellectual curiosity to their work
Ability to operate independently and autonomously 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

MBA or CFA preferred

Responsibilities

Oversee all accounting functions including quarterly close packages, NAV calculations, income and expense allocations, distribution waterfalls, and fund-level return calculations
Oversee the full investor reporting lifecycle, including monthly and quarterly investor statements, annual audited financial statements, capital account statements, and ad hoc investor reporting requests
Review and analyze distribution waterfalls in accordance with fund legal documents, ensuring accuracy of carried interest, preferred return, and catch-up calculations
Review and validate fund-level IRRs, MOICs, DPIs, TVPIs, and other performance metrics on a quarterly basis
Produce internal management reporting covering AUM, revenues, expenses, and fund economics for senior leadership and internal stakeholders
Partner with portfolio management teams to manage overall fund budgets, liquidity positioning, and cash forecasting
Oversee credit facility management, including covenant monitoring, borrowing base calculations, and lender reporting
Manage investor capital call and distribution processes, including timing, notices, and reconciliation
Serve as a strategic finance partner to Portfolio Management teams on overall business development and management, including:
New fund and separately managed account (SMA) structuring, allocation mechanisms, and fee calculations
Investment structuring to minimize cash and tax drag (e.g., ECI, FIRPTA, blocker entity utilization)
Determination of optimal entity types based on legal, tax, and accounting considerations across structures (partnerships, trusts, corporations, CLOs, BDCs, etc.)
Responding to investor due diligence requests
Coordinate with the parent company's Compliance team to satisfy all regulatory reporting requirements, including Form PF, Form ADV, AIFMD, and other applicable filings
Coordinate across internal functions — including Tax, Legal, Compliance, and Valuation — as well as external counterparties such as fund administrators, auditors, and counsel, to ensure timely and accurate fund operations
Monitor evolving regulatory requirements impacting private fund advisers (e.g., SEC Private Fund Rules) and assess operational impact
Design, implement, and maintain robust accounting policies, internal controls, and standard operating procedures across fund operations
Lead process improvement and automation initiatives to enhance the scalability and efficiency of fund accounting and reporting workflows
Oversee third-party service providers including fund administrators, auditors, and outsourced tax professionals — managing deliverables, SLAs, and quality standards
Support due diligence processes for new fund launches, acquisitions, and strategic initiatives
Lead, mentor, and develop a team of junior and mid-level finance professionals, fostering a culture of accountability, technical excellence, and continuous growth