Private Wealth Compensation and Billing - Associate

Neuberger Berman • New York, NY

11h • $75,000 - $95,000 • Hybrid

About The Position

Neuberger Berman is seeking a skilled and detail-oriented professional to join our Production Compensation Team within the Finance group. In this role, you will support the end-to-end compensation process for our Global Institutional and Intermediary sales teams, contributing to innovation, efficiency, and insights that assist the firm’s financial planning. The position involves working closely with various groups, including Payroll, Client Billing, Fund Admin, HCM Business Partners, Client Coverage Management, and Technology, to help ensure the effective execution of the sales compensation process. You will have the opportunity to apply your analytical and technical expertise to inform decision-making and contribute to ongoing improvements in workflows and technology.

Requirements

• Bachelor's degree in accounting or finance
• 4-6 years of experience in accounting, financial reporting, and analysis.
• Experience with commission-based compensation is required
• Advanced proficiency in Microsoft Excel and PowerPoint is essential; knowledge of SAP is a plus
• Strong communication skills (both written and verbal); ability to communicate clearly to senior management and other key stakeholders
• Exceptional attention to detail, organizational skills, and problem-solving abilities
• Ability to balance multiple priorities under tight deadlines in a high-profile, fast-paced environment
• Collaborative mindset with a willingness to contribute to a variety of initiatives
• Neuberger Berman is unable to offer visa sponsorship for this position. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Nice To Haves

• Asset Management/Investment Advisory industry expertise is preferred
• knowledge of SAP is a plus

Responsibilities

• Own the Process: Ensure timely, accurate, and efficient processing of monthly, quarterly, and annual compensation calculations for production-based teams; review and distribute detailed compensation statements to sales teams
• Problem-Solve with Precision: Perform root-cause analysis for payout variances and deliver clear, data-driven explanations to Client Coverage Management teams
• Deliver Insights: Prepare compensation trend analysis and forecasts to senior management
• Financial Oversight: Record compensation expense transactions in the general ledger, including assessment of P&L impact and performing balance sheet reconciliations.
• Collaborate Across Teams: Collaborate with HCM, Technology, and Client Coverage Management to implement compensation plans accurately and resolve issues effectively
• Drive Innovation: Support the design, testing, and implementation of technology enhancements to optimize compensation processes
• Enhance Efficiency: Identify and recommend process and data improvements to increase scalability, accuracy, and efficiency across workflows

Benefits

• We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees.
• This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees