Associate, Private Markets Treasury Operations
Neuberger Berman
- New York
-
21/01/2025
Summary:
Neuberger Berman is looking for a Private Markets Treasury Operations Analyst. This is a cross functional role that will support multiple Alternative Investment Teams.
NB Alternatives is a rapidly growing group within Neuberger Berman with over $120 billion of investor commitments across our private equity fund of funds, secondary investments, co-investment, and direct investment areas, including alternative credit. This role sits in operations and supports these groups
This person will play a key role in the daily support of portfolio management, fund administration and treasury management for Neuberger Berman’s private equity and other alternative strategies. The role will include functional support of the NBAIM Fund of Fund Business, Cash Management, Approving wires, FX Spots and Forwards for hedging, Trade Ops/Settlements, and Reconciliations. Additionally, this person will be assisting with design & implementation of process improvements and system enhancements for this space.
Responsibilities:
Partner with finance and external stakeholder to review and approve trade wires to fund private market deals and pay expenses.- Lead day-to-day operational support of NBAIM’s Fund of Fund business. This includes cash management across all accounts, manage allocations to external managers, work closely with Fund Admin on all fund related issues, manage sub advisor escalations and assist in onboarding and counterparty maintenance.
- Work closely with Portfolio Managers across Private Equity, Private Credit, Specialty Finance, and others as well Finance teams, and Fixed Income trading desk to review cash needs, monitor trade maturities, and assist in implementing FX and hedging strategies.
- Identify and resolve cash, trade, and position breaks as well as any other open items between NB systems and external sources
- Liaise between portfolio managers, finance, compliance and service providers for all portfolio-specific activity and issues, ensuring cross-communication of critical information between departments
- Oversee trade process including trade booking, confirmation with brokers and settlement processes
- Escalate aged open items (breaks, unsettled trades) to appropriate parties
- Coordinate and assist with overseeing outsource providers and vendors across all relevant functions
Qualifications:
Bachelor’s degree in accounting, finance, or similar field with a minimum of 5 years of experience- Thorough understanding of working with FX; currency hedging and share class hedging
- Demonstrated Treasury Experience with cash management and processing payments
- Experience working with Custodians, Prime Brokers, ISDA counterparties and FCMs along with a high level overview of how margin and collateral works in these spaces.
- Highly proficient in Microsoft Excel – knowledge of formulas a must, Microsoft Visio, Outlook and Word.
- Team-oriented work ethic that includes willingness to help others
- Strong organization and time management skills
- Excellent communication skills (verbal and written)
- Demonstrates the ability to work independently and efficiently, completing daily tasks without the need for close supervision.
- Knowledge of Aladdin, Appian and or Hazeltree, a plus
- Ability to multitask in a fast-paced environment and manage multiple projects
#LI-DD2
#LI-Hybrid
Compensation Details
The salary range for this role is $75,000-$120,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
Neuberger Berman is an equal opportunity 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
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