Controller - ILS/Direct Access

About the role

NB Private Markets, a group within Neuberger Berman, is hiring a Controller for its ILS/Direct Access function in New York. The role supports fund accounting and financial reporting across the ILS fund complex, direct investment and hedge fund vehicles, working closely with portfolio managers and investor relations teams.

Key responsibilities

• Own the financial reporting process, including monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns for ILS, direct investment and hedge fund vehicles
• Assist the Fund Administrator with investor reporting, including monthly investor statements, annual audits and due diligence requests
• Help with cash management forecasts and budgets to determine capital available for investment
• Maintain the expense register and ledger for expense budgeting, attribution and forecasting
• Oversight and compliance of fund credit facilities, with accurate interpretation of agreements and knowledge of portfolio assets
• Analyze data on large asset portfolios, including reconciliation and portfolio compliance tests such as quality and concentration ratios
• Review management and performance fee calculations, including incentive fee structures
• Reply to investor queries on fund performance, NAVs, taxes and other topics
• Assist audit and tax professionals with year-end audit and tax reporting
• Support onboarding of new direct investment and hedge fund vehicles into fund accounting and reporting systems
• Handle ad-hoc requests from senior management, portfolio managers and investor relations, and assist with SEC or other regulatory compliance as required

Required profile

• Bachelor's or higher degree in Accounting or Finance
• 8-10 years of accounting/finance experience; CPA a plus
• Strong understanding of accounting theory, fund accounting and financial reporting
• Ability to work independently with minimal daily direction and to collaborate with employees, management and external agencies
• Right to work in the United States without current or future sponsorship

Required skills

• Experience with credit-related products, including loan settlement and trade reconciliations, is a plus
• Exposure to direct investment and/or hedge fund accounting and reporting is a plus

What we offer

• Salary range of $110,000-$150,000, with eligibility for a discretionary bonus
• Paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits
• Hybrid work arrangement