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Controller - Specialty Finance, Liquidity Management
Locations: Dallas, TX; New York, NY
Time Type: Full time
Posted on: Posted 30+ Days Ago
Job Requisition ID: R0009575
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 credit. 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.
Responsibilities:
- Member of the finance team responsible for the accounting and financial reporting oversight for Neuberger Berman’s Specialty Finance business.
- Experience managing multiple leverage facilities including subscription lines, NAV lines, and ABLs for both closed-end and evergreen funds with tens of trades on a daily basis and daily collections from pools of loans.
- Proposing and preparing draw requests and paydowns to optimize for both minimal cash drag and sufficient cash to meet all funding requirements.
- Generating reports including borrowing base certificates, covenant reporting, etc.
- Managing all communication with lenders.
- 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.
- Oversight of the Fund Administrator responsible for the preparation of the quarterly financial statements, capital account statements, capital calls, and distribution notices.
- Review and analyze distribution waterfalls based on fund legal documents.
- Review partnership and fund IRRs on a quarterly basis and prepare ad hoc calculations.
- 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 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.
- Strong understanding of accounting theory and fund accounting and financial reporting.
- 10 - 12 years accounting/finance experience; CPA required.
- Experience with credit related products, including loan settlement and trade reconciliations is a plus.
- 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.
Compensation Details:
The salary range for this role is $130,000-$185,000. 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.
Neuberger Berman is an equal opportunity/affirmative action 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 onlineaccommodations@nb.com.
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