Job description
Neuberger Berman is an employee-owned global investment management firm with $427 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 $110 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 Role
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 entail both wealth management focused funds as well as institutional focused funds domiciled in Europe or with predominantly European-based clients.
You will take ownership of the following deliverables in a proactive manner.
- Supporting the Program Managers in all aspects of the Funds’ management, operations, organization, and monitoring
- Coordination among all NB internal constituencies of the Funds, including the Private Markets Investment Team, Legal, Finance, Reporting, Operations, Risk, Compliance, Investor Communications and Client Services and non-private markets Investment Teams (i.e., fixed income and multi-asset class teams)
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Investment Tracking
- Supporting 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)
- Coordinating of investment process for the Fund, including portfolio fit, compliance with investment or regulatory restrictions, client / board / manager approvals as needed
- Reviewing and assisting with ad hoc, quarterly, and annual reporting, investor / board communications, annual and other ad hoc meetings, support requests from diverse third parties and/or internal teams
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Capital Management
- Tracking of inflows & outflows (subscriptions, withdrawals, dividends, etc.)
- Tracking of investment realizations vs. new investment activity
- Credit facility management (as applicable)
Requirements:
- Excellent academic credentials; Undergraduate degree in economics, business, finance, financial law or similar.
- 3 - 5 years of relevant professional experience (i.e., finance, accounting, operations, investment banking, private equity, legal (PE or private funds)
- Excellent verbal and written communication skills. Fluency in other European languages (notably Italian) will be an advantage
- Experience in investment execution and understanding of legal processes and formalities behind a transaction is favorable
- Prior experience or exposure to product development or product launch coordination
- Understanding or prior exposure to European investment management regulation
Who you are
- 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, attention to detail and disciplined application of process constraints
- Strong judgment, maturity, and critical thinking skills, with a willingness to check and challenge processes where appropriate
- Ability to anticipate, spot and appropriately escalate and resolve issues in a timely manner ability to take initiative and creativity in problem solving and to be resourceful
- Excellent communication, and ability to articulate and present ideas effectively both orally and in written form at all levels of seniority
- Resilience and ability to work under pressure and time constraints
- 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 .
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