Trade Management Reconciliation Services Senior Analyst

Neuberger Berman • Chicago, IL

8d • $75,000 - $95,000 • Hybrid

About The Position

The Trade Management Team within Neuberger Berman Middle Office provides support for both Fixed Income and Equity Investment Teams, managing over $90 billion in AUM. This team manages all aspects of the trade lifecycle—including confirmation, settlement, discrepancy resolution, and new account onboarding—for global and domestic portfolios. A key focus for the Sr. Analyst will be oversight of daily internal cashflows, particularly for Equity portfolios, but with cross-coverage for Fixed Income portfolios as well. The team is responsible for ensuring that all cashflow activity and related data are accurately and timely loaded into the Order Management System (OMS) each day.
This position supports a rapidly growing business and requires close interaction with trading desks and other internal stakeholders. The role requires strong attention to detail, process orientation, and the ability to ensure accuracy and timeliness of all system entries. The ideal candidate is highly detail-oriented, technology savvy, able to meet daily deadlines, and comfortable working in a fast-paced environment.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field preferred.
• 1–2 years of relevant industry experience required.
• Detail-oriented, process-driven, and capable of meeting daily operational deadlines.
• Technology savvy with strong proficiency in MS Office, especially Excel.
• Strong organizational, problem-solving, and communication skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• Proven ability to work effectively with internal and external service providers.
• 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

• Familiarity with equity (preferred) and/or fixed income cashflows is a plus.
• Experience with BlackRock Aladdin or similar platforms preferred.
• Experience with custodian portals (State Street, Brown Brothers, etc.) a plus.
• Experience or interest in leveraging AI and/or ChatGPT for process improvement is a plus.

Responsibilities

• Process daily cashflow activity for all US fixed income and equity portfolios, including model cash allocations, cash rebalancing between strategies, and verification of data loaded into the Order Management System (OMS).
• Distribute daily cashflow notifications and updates to Portfolio Managers and Traders and serve as a central point of contact for their inquiries.
• Communicate with custodian banks (e.g., State Street, Brown Brothers, etc.) to confirm and reconcile subscriptions, redemptions, and resolve discrepancies.
• Perform daily reconciliation of cash exceptions and review trade breaks between internal platforms (e.g., Aladdin, Prism, RKS) and custodians, ensuring timely resolution.
• Provide Beginning-of-Day Portfolio Readiness (cash, transactions, holdings) to Portfolio Managers by reviewing reconciliation exceptions for both positions and cash.
• Facilitate onboarding of new business and portfolios, ensuring accurate and timely system setup.
• Monitor and review automated processes to ensure accurate data flow from external sources into internal systems.
• Leverage and learn accounting and operational platforms such as Prism and RKS, as well as custodian portals as required.
• Support process automation (e.g., Straight Through Processing), efficiency enhancements, risk mitigation projects, and participate in process improvements, including the use of AI and/or ChatGPT for efficiency.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level