The Private Fund Accounting Department oversees a wide range of hedge funds structured in various legal entity types such as master/feeder and stand-alone entities. The department is responsible for confirming the accuracy of NAV reporting by the third-party administrators, annual audited financial statements, performance and expense figures, and various periodic reporting. This role works within a team of six professionals focused on hedge funds in performing various functions, as described below, but also sits within a broader fund accounting team overseeing various registered vehicles in global regions. This role will be based in the New York City office of Neuberger Berman with a hybrid model, with an approximate 50/50 split between working in office and remotely.

Responsibilities:

• Review of the administrators’ monthly hedge fund NAV packages

• Review annual audited financial statements and financial highlights including all related footnotes and disclosures

• Provide support to independent audit firm during audit and tax annual cycles

• Assist with certain regulatory reporting items such as Forms N-PORT, PF, AIFMD, and CPO as well as oversee certain tax reporting items

• Analyze/review monthly capital activity and a variety of calculations including performance/incentive fees, management fees, expense rebates, and rates of return

• Processing and tracking fund expenses for payment and reviewing expense accruals

• Handle responses to ad hoc requests from PM teams, Finance, Investor Relations, etc. 

• Manage cross-functional relationships between internal and external parties including portfolio managers, operations, fund administrators, tax preparers and auditors

Requirements:

• Bachelor’s degree in accounting or finance preferred or equivalent experience

• 0 - 5 years of relevant hedge fund accounting or related fund accounting experience

• Strong understanding of accounting theory, fund accounting, and financial reporting

• Strong computer skills with a proficiency in MS Excel

• Ability to multitask in a fast-paced environment

• Excellent written and oral communication skills

• Team player and ability to work independently with a strong attention to detail

• Ability to offer suggestions to improve processes and controls a plus

Compensation Details

The salary range for this role is $55,000-$90,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [email protected].

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