Controller - Cap Solutions

Neuberger Berman; New York (NY); Hybrid; USD 160,000 - 200,000; Full time

Benefits offered by this job

Medical/Dental/Vision Insurance

Retirement plan

Paid time off

Life insurance

Discretionary bonus

Job summary

Neuberger Berman in New York seeks a senior finance professional to oversee GP/LP reporting for private equity funds, ensuring accurate quarterly financial statements and strict adherence to fund documents. You will review waterfalls, supervise the fund administrator, model cash projections, and support audits and tax reporting, while collaborating with senior management.

Candidates need a CPA, 8–12 years accounting/finance experience, and excellent communication; hybrid work and a competitive

Qualifications

• Bachelor’s or higher degree in Accounting or Finance.
• CPA is required.
• 8–12 years accounting/finance experience.

Responsibilities

• Oversee accounting and financial reporting for Neuberger Berman’s Capital Solutions business.
• Review quarterly financial statements, capital calls, and distributions.
• Review waterfalls and fund IRRs against fund documents.
• Assist with audits and tax reporting and ad hoc analyses.
• Prepare detailed cash projections for liquidity reporting.
• Support LP reporting and respond to RFPs and inquiries from investors.

Skills

Attention to detail

Communication

Independence

Time management

Collaboration

Education

Bachelor's in Accounting/Finance

CPA required

Tools

Microsoft Office

Job description

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 CLOs. The Alternatives Finance Group acts as an intermediary between the private equity portfolio managers and external vendors including the fund administrators, auditors and tax professionals. This role will be responsible for all aspects of GP and LP reporting operations for the various private equity funds across the Neuberger Berman platform. Due to the complex nature of the funds, 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.Responsibilities:Member of the finance team responsible for the accounting and financial reporting oversight for Neuberger Berman’s Capital Solutions businessOversight and compliance by accurately comprehending and interpreting the agreement, while maintaining a thorough knowledge of the assets in the portfolioPerform data analysis on large asset portfolios including data reconciliation and calculation of portfolio compliance tests such as portfolio quality and concentration ratiosOversight of the Fund Administrator responsible for the preparation of the quarterly financial statements, capital account statements, capital calls and distribution noticesReview and analyze distribution waterfalls based on fund legal documentsReview partnership and fund IRRs on a quarterly basis and prepare ad hoc calculationsReview management fee calculationsAssist audit and tax professionals in year-end audit and tax reportingPrepare detailed cash projections for fund liquidity reportingAssist marketing in preparation of LP specific reporting and responses to prospective client RFPWork with investor relations answer LP questionsVarious ad-hoc requests from senior management and portfolio managersAssist with SEC or other regulatory compliance as requiredQualifications:Bachelor’s or higher degree in Accounting or FinanceStrong understanding of accounting theory and fund accounting and financial reporting8-12 years accounting/finance experience; CPA requiredExperience with credit related products, including position reconciliations is a plusExperience designing and implementing new policies and proceduresHighly detail oriented and organized in workAbility to meet assigned deadlinesExcellent communication and interpersonal skills with a customer service focusAbility to act and operate independently with minimal daily direction from manager to accomplish objectivesProficiency with email and Microsoft Office applicationsAbility to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and resultsLI-MB1LI-HybridApplicants 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 DetailsThe salary range for this role is $160,000-$200,000. 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. 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