Neuberger Berman - New York, NY
posted 4 months ago
NB Alternatives - Private Equity is a rapidly growing group within Neuberger Berman with over $90 billion of investor commitments across our private equity fund of funds, secondary investments, co-investment and direct investment areas, including private debt. NB Private Credit lends money to Private Equity sponsored companies across the capital structure. Due to the complex nature of the funds that make up NB Private Credit, 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 Private Credit. As a member of the finance team, you will be responsible for the accounting and financial reporting oversight for Neuberger Berman's Private Debt business. This includes 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. You will perform data analysis on large asset portfolios including data reconciliation and calculation of portfolio compliance tests such as portfolio quality and concentration ratios. Additionally, you will oversee the Fund Administrator responsible for the preparation of the quarterly financial statements, capital account statements, capital calls and distribution notices. Your role will also involve reviewing and analyzing distribution waterfalls based on fund legal documents, reviewing partnership and fund IRRs on a quarterly basis, and preparing ad hoc calculations. You will review management fee calculations, assist audit and tax professionals in year-end audit and tax reporting, and prepare detailed cash projections for fund liquidity reporting. Furthermore, you will assist marketing in preparation of LP specific reporting and responses to prospective client RFP, work with investor relations to answer LP questions, and handle various ad-hoc requests from senior management and portfolio managers. Lastly, you will assist with SEC or other regulatory compliance as required.