Controller, CLO

About the role

Private Equity is a rapidly growing group within Neuberger 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’s CLO business
• Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns
• Oversight of the Fund Administrator responsible for the preparation of the investor reporting process including quarterly investor statements, annual audits and due diligence requests, capital calls and distributions
• Assist in cash management forecasts and budgets along with debt facility oversight to establish capital available for investment
• Maintain expense register and ledger for expense budgeting, attribution, and forecasting
• 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
• Review performance fee calculations
• Reply to investor queries around fund performance, NAVs, taxes, and other areas
• Assist audit and tax professionals in year-end audit and tax reporting
• Various ad-hoc requests from senior management, portfolio managers, and investor relations
• 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
• 8 - 12 years accounting/finance experience; CPA required
• Experience with credit related products, including position reconciliations is a plus
• Experience designing and implementing new policies and procedures
• 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
• Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship

Pay

The salary range for this role is $180,000‑$210,000. The role is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of the total comprehensive package.

Benefits

• Paid time off
• Medical/dental/vision insurance
• Retirement
• Life insurance
• Other benefits