Assistant Controller - ILS/Direct Access

Neuberger Berman; New York (NY); On-site; USD 160,000 - 190,000; Full time

Benefits offered by this job

Paid time off

Medical/dental/vision insurance

Retirement plan

Life insurance

Job summary

Neuberger Berman NB Private Markets is seeking a senior fund accounting and financial reporting professional in New York. The role supports fund accounting across the ILS fund complex, direct investments, and hedge funds, partnering with portfolio managers and investor relations to provide accurate NAVs and performance reporting.

The ideal candidate has 5–8 years in accounting/finance, CPA is a plus, and experience with credit products, direct investments, or hedge funds.

Qualifications

• Bachelor's or higher degree in Accounting or Finance.
• 5-8 years accounting/finance experience; CPA a plus.
• Experience with credit related products, including loan settlement and trade reconciliations is a plus.
• Exposure to direct investment and/or hedge fund accounting/reporting is a plus.

Responsibilities

• Financial reporting: monthly estimates, NAV, allocations, waterfalls for ILS, direct, and hedge funds.
• Assist in investor reporting, annual audits, and due diligence across ILS, direct, and hedge funds.
• Cash management forecasts and budgets for investment across ILS, direct, and hedge funds.
• Maintain expense ledger for budgeting, attribution, and forecasting.
• Oversee fund credit facilities and ensure compliance with agreements.

Skills

Accounting/Finance experience

Fund accounting

Independent work

Team collaboration

Education

Bachelor's degree in Accounting or Finance

Job description

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. Neuberger Berman's Insurance-Linked Strategies launched in 2009. Its mission is to deliver uncorrelated and attractive risk-adjusted returns using a dynamic and active risk management approach, leveraging the broader Neuberger Berman platform. This role will support fund accounting and financial reporting across the ILS fund complex as well as direct investment and hedge fund vehicles, working closely with portfolio managers and investor relations teams across these strategies.

Responsibilities: Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns for ILS, direct investment, and hedge fund vehicles Assist with the Fund Administrator responsible for the preparation of the investor reporting process including Monthly investor statements, annual audits and due diligence requests across ILS, direct, and hedge fund structures Assist in cash management forecasts and budgets to establish capital available for investment across the ILS, direct investment, and hedge fund portfolios 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 and performance fee calculations, including incentive/performance fee structures common to direct investment and hedge fund vehicles Reply to investor queries around fund performance, NAVs, taxes, and other areas spanning ILS, direct, and hedge fund investors Assist audit and tax professionals in year-end audit and tax reporting for ILS, direct investment, and hedge fund entities Support the onboarding and integration of new direct investment and hedge fund vehicles into the fund accounting and reporting infrastructure 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 5-8 years accounting/finance experience; CPA a plus Experience with credit related products, including loan settlement and trade reconciliations is a plus Exposure to direct investment and/or hedge fund accounting/reporting is a plus 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 LI-MB1 LI-Hybrid

Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship. Compensation Details The salary range for this role is $160,000-$190,000. 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 the job posting location. 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, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package.

We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, 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 is an equal opportunity 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 [e-mail]. Learn about the Applicant Privacy Notice.

Founded in 1939, Neuberger is a private, independent, employee-owned investment manager. From offices in 40 cities worldwide, the firm manages $567 billion in client assets (as of March, 2026) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. Tenured, stable and long-term in focus, the firm has built a diverse team—including 790-plus investment professionals and more than 2,900 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees). Neuberger believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles. For important disclosures: http://www.nb.com/linkedin