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.  NB Specialty Finance focuses on financing originators of high yield short duration debt, including consumer and small business loans/receivables, via credit facilities, whole loan purchases, corporate debt and equity.  Due to the complex nature of the assets and funds that comprise NB Specialty Finance, the accounting, valuation and operations functions are critical control functions with respect to the business.  This individual will bear day-to-day responsibility for managing the finance and accounting work streams within NB Specialty Finance. 

Responsibilities:

• Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns

• Oversight of the Fund Administrator responsible for the preparation of the investor reporting process including quarterly investor statements, annual audits and due diligence requests, capital calls and distributions

• Assist in cash management forecasts and budgets along with debt facility oversight to establish capital available for investment

• 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

• Reply to investor queries around fund performance, NAVs, taxes, and other areas

• Assist audit and tax professionals in year-end audit and tax reporting

• Various ad-hoc requests from senior management, portfolio managers, and investor relations

• Assist with SEC or other regulatory compliance as required

Qualifications:

• Bachelor’s or higher degree in Accounting or Finance

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

• 4 - 8 years accounting/finance experience; CPA a plus, but not required

• Experience with credit related products, including loan settlement and trade reconciliations is a plus

• Intermediate /advanced Excel skills

• Experience designing and implementing new policies and procedures

• Highly detail oriented and organized in work

• Excellent communication and interpersonal skills with a customer service focus

• 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

Compensation Details

The salary range for this role is $100,000-$125,000. 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.

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