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Neuberger Berman Senior Private Equity Accountant in Boston, Massachusetts

Summary:

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. This position will have primary responsibility of assisting in all aspects of operations for various private equity funds across the Neuberger Berman platform as well as providing oversight to the fund administrators in the process of recording/reconciling of transactions. In addition, the private equity finance professional will assist in the preparation of historical investment performance analysis, financial statements, and reports. Private Equity is a rapidly growing group within Neuberger Berman with over $70 billion of assets under management across our private investment partnerships, secondary investments, co-investment and other private investment areas.

Responsibilities:

  • Daily:

  • Day to day oversight of the fund administrators

  • Reviewing and approving cash disbursements

  • Assessing cash needs based on projected activity

  • Reviewing and approving capital call and distribution allocations and notices

  • Facilitate the receipt and review of incoming expenses for the various funds

  • Providing data and ad hoc reports to senior management and the investment team, as needed

  • Provide support to other functional groups within the firm including Investor Relations, Legal and Compliance, and Corporate Accounting

  • Quarterly:

  • Provide oversight including the review and approval of deliverables prepared by fund administrators including; quarterly financial statements, capital account statements, capital calls and distribution notices

  • Review management fee and carried interest calculations

  • Review partnership and fund IRRs

  • Review valuations of investments including partnerships, secondaries, and co-investments

  • Assist with SEC or other regulatory compliance as requested

  • Annually:

  • Interface directly with the external auditors and tax professionals to manage the process of completing annual audits, tax returns and the distribution of K-1s and 1099s

Qualifications:

  • Bachelor’s Degree in accounting or finance, CPA preferred

  • Knowledge of partnership accounting, financial reporting, and experience with tax reporting is a plus

  • 3-5 years of public accounting experience with a focus in private equity

  • Experience with SEC registered products a plus

  • Qualified candidates will have strong time management and communication skills, be able to demonstrate critical thinking and able to work both independently and as part of team

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 .

Learn about the Applicant Privacy Notice (http://www.nb.com/employee_privacy_notice) .

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 23 countries worldwide, the firm manages $437 billion in client assets (as of September 30, 2021) 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 600-plus investment professionals and more than 2,400 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 five consecutive years (firms with 1,000+ employees).

EQUITY, INCLUSION & DIVERSITY

Neuberger Berman strongly embraces the principles of Equity, Inclusion and Diversity (“EID”) — they are deeply engrained in our culture and are a fundamental part of our long-term business strategy. We firmly believe in fostering an environment, in which all of our people are respected and have an equitable opportunity to flourish and be their best selves. We believe having a diversity of perspectives strengthens our ability to deliver attractive outcomes for our clients and makes us a better organization.

  • Empowering is about our people having a voice and the ability and autonomy to contribute materially to the firm. As an employee-owned firm, we lean heavily on employee feedback and guidance, including through a series of surveys (e.g., our anonymous employee engagement survey and topic specific pulse surveys). We also provide many opportunities to contribute outside of the day-to-day, including through cross functional committees and firm-wide projects.

  • Developing is about our people having the resources, tools, and experiences to grow professionally and personally. As part of this, our colleagues and managers can leverage a broad array of offerings on our HCM Learning platform as part of a personalized career path plan that focuses intently on individual circumstances and objectives.

  • Supporting is about our people having the opportunity to be themselves, connect within NB and live a balanced life. Our Employee Resource Groups help to drive a greater sense of fellowship and build stronger connections across our firm. Through NB Wellness, NB Impacts (philanthropy) and Employee Investment Solutions (financial wellness), we take a holistic approach to ensure our colleagues have the resources they need to realize their personal goals.

Our people and our culture are our greatest assets. We remain deeply committed to our EID values and to ensuring Neuberger Berman remains a best-in-class place to work.

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