Neuberger Berman Private Markets Product Management Associate in New York, New York
Neuberger Berman is an employee-owned global investment management firm with $433 billion in assets under management. The private markets group of the firm, NB Private Markets, is a leading and growing investor in private markets, managing over $80 billion of client commitments since inception.
Within our Private Investment Portfolios & Co-Investment business, we manage both commingled and custom investment vehicles (or “Funds”), which are diversified across fund investments (primary and secondary basis) and direct investments. Each Fund has one or more Principal or Managing Director professional(s) on the investment team, who serve as the “Program Manager(s)” and are responsible for managing the day-to-day activities of the fund.
The Product Management function supports the Program Manager(s) in aspects of the Funds’ day-to-day activities, including the coordination of the investment execution process investment monitoring, cash management (as applicable) as well as internal and external communications via scheduled and/or reports, meetings and calls. This role will have a particular focus on NB’s Funds that are evergreen in nature, have ongoing subscription/withdrawal features, and include more liquid strategies. This role will entail both wealth management focused funds as well as institutional focused funds.
Support of Program Managers in all aspects of the Funds’ management
Coordination among all NB internal constituencies of the Fund, including the Private Markets Investment Team, Legal, Finance, Reporting, Operations, Investor Communications and Client Services and non-private markets Investment Teams (i.e. fixed income and multi-asset class teams)
Support Program Managers in portfolio construction, monitoring and forecasting activities
Tracking and forecasting of private markets portfolio (to determine capital needs and availability for new investments and/or distributions)
Coordination of investment process for the Fund, including portfolio fit, client / board approvals as needed, other
Review and assisting with ad hoc, quarterly and annual reporting, investor / board communications, annual and other ad hoc meetings
Tacking of inflows & outflows (subscriptions, withdrawals, dividends, etc.)
Tracking of investment realizations vs. new investment activity
Credit facility management (as applicable)
Undergraduate degree in economics, business, finance, or similar
3 - 5 years of relevant professional experience (i.e., finance, accounting, operations, investment banking, private equity)
Excellent academic credentials
Resourcefulness, ability to multi-task, team-player attitude and a desire to work on a wide range of projects and manage them effectively
Strong project management and organizational skills
Remarkable attention to detail
Strong judgment, maturity and critical thinking skills
Excellent communication, and ability to articulate and present ideas effectively both orally and in written form
Initiative and creativity in approach to problem solving and to be resourceful
Exhibits strong dedication to the job and takes ownership of deliverables
Intellectual curiosity and ability to learn fast
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