The Private Fund Accounting Department oversees a wide range of hedge funds structured in various legal entity types such as master/feeder and stand-alone funds. Our team is responsible for ensuring the accuracy of NAV reporting by the third-party administrator, annual audited financial statements, performance and expense figures, and various periodic reporting.
In this role, as a Private Fund Accountant, you will collaborate with portfolio managers, operations, fund administrators, and auditors to support accounting and reporting functions with exposure to global fund structures.
Responsibilities:
Review of the administrators’ monthly hedge fund NAV packages to ensure accuracy and compliance
Review annual audited financial statements and financial highlights including all related footnotes and disclosures for compliance with accounting standards and regulatory requirements
Provide support to independent audit firms during audit and tax annual cycles
Assist with regulatory reporting and filings (e.g. Forms N-PORT, PF, AIFMD, and CPO) and overseeing tax reporting items
Analyze/review monthly capital activity including fees (performance, incentive, and , management), expense rebates, and rates of return
Processing and tracking fund expenses for payment and reviewing expense accruals
Respond to ad hoc requests from Portfolio Management, Finance, Investor Relations, and other teams
Manage cross-functional relationships between internal and external stakeholders including portfolio managers, operations, fund administrators, tax preparers and auditors
Identify and present opportunities for process improvement and enhanced controls to leadership
Requirements:
Bachelor’s degree in accounting, finance (preferred) or another related field
2 - 5 years of experience in hedge fund accounting or related fund accounting
Strong understanding of accounting theory, fund accounting, and financial reporting
Strong proficiency in MS Excel
Effectively prioritize and manage workload in a fast-paced environment, ensuring timely completion of tasks and maintaining accuracy under tight deadlines.
Excellent written and oral communication skills
Proven ability to work collaboratively in a team, with confidence, as well as independently with a strong attention to detail
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Compensation Details
The salary range for this role is $75,000-$95,000. 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 onlineaccommodations@nb.com.
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