Controller - Specialty Finance

Overview

NB Alternatives – Private Equity is a rapidly growing segment 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 private credit. NB Private Credit lends money to Private Equity‑sponsored companies across the capital structure. Because of the complex nature of the funds that make up NB Private Credit, the accounting, valuation and operations functions are critical control functions for the business.

This individual will bear day‑to‑day responsibility for managing the finance and accounting work streams within NB Private Credit.

• 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
• Performing 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
• Reviewing and analyzing distribution waterfalls based on fund legal documents
• Reviewing partnership and fund IRRs on a quarterly basis and preparing ad hoc calculations
• Reviewing management fee calculations
• Assisting audit and tax professionals in year‑end audit and tax reporting
• Preparing detailed cash projections for fund liquidity reporting
• Assisting marketing in preparation of LP specific reporting and responses to prospective client RFPs
• Working with investor relations to answer LP questions
• Handling various ad‑hoc requests from senior management and portfolio managers
• Assisting with SEC or other regulatory compliance as required

• Bachelor's or higher degree in Accounting or Finance
• Strong understanding of accounting theory and fund accounting and financial reporting
• 8–12 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

The salary range for this role is $140,000–$185,000. This range 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.

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 is 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 Berman 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