Head of Fund Finance, Private Markets

NB Private Markets is one of the most rapidly growing alternative investment platforms within Neuberger with over $166 billion of AUM across our private equity fund of funds, secondaries, co-investments, private credit and other alternative strategies. The platform spans the full spectrum of private markets investing – from primary fund commitments and secondaries to direct co-investments and structured credit – serving a global base of institutional investors including sovereign wealth funds, pension funds, endowments, foundations, insurance companies, and family offices.

The complexity and scale of these strategies make the accounting, valuation, and finance function a mission-critical control and partnership function within the business. This individual will serve as a senior finance leader with day-to-day responsibility for managing accounting and finance work streams across private markets, reporting directly to the Alternatives CFO.

Responsibilities

Fund Accounting & Financial Reporting

• Oversee all accounting functions including quarterly close packages, NAV calculations, income and expense allocations, distribution waterfalls, and fund-level return calculations

• Oversee the full investor reporting lifecycle, including monthly and quarterly investor statements, annual audited financial statements, capital account statements, and ad hoc investor reporting requests

• Review and analyze distribution waterfalls in accordance with fund legal documents, ensuring accuracy of carried interest, preferred return, and catch-up calculations

• Review and validate fund-level IRRs, MOICs, DPIs, TVPIs, and other performance metrics on a quarterly basis

• Produce internal management reporting covering AUM, revenues, expenses, and fund economics for senior leadership and internal stakeholders

Fund Operations & Liquidity Management

• Partner with portfolio management teams to manage overall fund budgets, liquidity positioning, and cash forecasting

• Oversee credit facility management, including covenant monitoring, borrowing base calculations, and lender reporting

• Manage investor capital call and distribution processes, including timing, notices, and reconciliation

Strategic Business Partnership

• Serve as a strategic finance partner to Portfolio Management teams on overall business development and management, including:

  • New fund and separately managed account (SMA) structuring, allocation mechanisms, and fee calculations

  • Investment structuring to minimize cash and tax drag (e.g., ECI, FIRPTA, blocker entity utilization)

  • Determination of optimal entity types based on legal, tax, and accounting considerations across structures (partnerships, trusts, corporations, CLOs, BDCs, etc.)

  • Responding to investor due diligence requests

Regulatory, Compliance & Tax Coordination

• Coordinate with the parent company's Compliance team to satisfy all regulatory reporting requirements, including Form PF, Form ADV, AIFMD, and other applicable filings

• Coordinate across internal functions — including Tax, Legal, Compliance, and Valuation — as well as external counterparties such as fund administrators, auditors, and counsel, to ensure timely and accurate fund operations

• Monitor evolving regulatory requirements impacting private fund advisers (e.g., SEC Private Fund Rules) and assess operational impact

Governance, Controls & Process Improvement

• Design, implement, and maintain robust accounting policies, internal controls, and standard operating procedures across fund operations

• Lead process improvement and automation initiatives to enhance the scalability and efficiency of fund accounting and reporting workflows

• Oversee third-party service providers including fund administrators, auditors, and outsourced tax professionals — managing deliverables, SLAs, and quality standards

• Support due diligence processes for new fund launches, acquisitions, and strategic initiatives

Team Leadership

• Lead, mentor, and develop a team of junior and mid-level finance professionals, fostering a culture of accountability, technical excellence, and continuous growth

Qualifications

• 20+ years of relevant work experience, including Big 4 public accounting background, with a foundation in financial services, asset management, or alternative investments audit practice 

•  CPA required; MBA or CFA preferred

• Broad experience across alternative investment strategies and asset classes, including but not limited to private credit, direct lending, structured credit, real assets, private equity, hedge funds, and/or multi-strategy fund structures

• Familiarity with a range of vehicle types including separately managed accounts, commingled funds, CLOs, and BDCs

• Experience designing and implementing accounting policies, internal controls, and operating procedures in a complex, fast-growing environment

• Deep knowledge of legal, tax, and accounting considerations across fund structures

• Highly detail oriented with strong organizational and project management skills; ability to manage multi-task under tight deadlines

• Excellent communication and interpersonal skills with a client service orientation; able to interact credibly with investors, auditors, legal counsel, senior leadership

• A self-starter with an authentic, go-getter mindset — someone who takes initiative, owns outcomes, and brings genuine enthusiasm and intellectual curiosity to their work

• Ability to operate independently and autonomously with minimal daily direction from manager to accomplish objectives

• Ability to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and results

Compensation Details

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 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 onlineaccommodations@nb.com.

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