Job Opportunity

Assistant Controller – Private Equity

Neuberger Berman | New York, NY

Job Summary

Responsible for all aspects of operations of the Fund reporting for various private equity funds across the firm’s platform as well as providing oversight to the fund administrators in the process of recording and reconciling transactions in the portfolio management and accounting system. Bachelor’s or higher degree in Accounting or Finance. 3+ years accounting/ finance experience.

Details

The Alternatives Finance Group acts as an intermediary between the private equity portfolio managers and external vendors including the fund administrators, audit, and tax professionals. The Assistant Controller will be responsible for all aspects of operations of the Fund reporting for various private equity funds across the Neuberger Berman platform as well as providing oversight to the fund administrators in the process of recording and reconciling transactions in the portfolio management and accounting system. In addition, the private equity finance professional will assist in the preparation of historical investment performance analyses, financial statements, and reports. Private Equity is a rapidly growing business within Neuberger Berman with over $90 billion of investor commitments across our private equity fund of funds, secondary investments, co-investment, and other investment areas.

Responsibilities:

* Be a member of the finance team responsible for the accounting and financial reporting oversight for Neuberger Berman’s Secondary Fund business
* Support a team responsible for the accounting and financial reporting oversight for Neuberger Berman’s Private Equity business
* Oversight of the Fund Administrator responsible for the preparation of the quarterly financial statements, capital account statements, capital calls and distribution notices
* Review of Audited Financial statements and footnote disclosures
* Review and analyze distribution waterfalls based on fund legal documents
* Review partnership and fund IRRs on a quarterly basis
* Review management fee calculations
* Assist audit and tax professionals in year-end audit and tax reporting
* Prepare detailed cash projections for fund liquidity reporting
* Assist marketing in the preparation of LP-specific reporting and responses to prospective client RFP
* Work with investor relations to answer LP questions
* Various ad-hoc requests from senior management and portfolio managers
* Assist with SEC or other regulatory compliance as required

Qualifications:

* Bachelor’s or higher degree in Accounting or Finance
* CPA a plus, but not required
* 3+ years accounting/finance experience
* Strong understanding of accounting theory and fund accounting and financial reporting
* Highly detail oriented and organized in work
* Ability to meet assigned deadlines
* 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
* Proficiency with email and Microsoft Office applications
* Ability to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and results

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  • Compensation: $ 145,000
  • Min Education: BA/BS
  • Min Experience: 3 years