Neuberger Berman Private Markets Product Management Specialist 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.
Responsibilities covered by this role include, but are not limited to:
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.
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 firstname.lastname@example.org .
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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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