Position: NB Private Markets Product Management Associate
Location: London U.K.
Summary:
Neuberger Berman is an employeeowned 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 & CoInvestment 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 daytoday activities of the fund.
The Role
The Product Management function supports the Program Manager(s) in aspects of the Funds daytoday activities including the coordination of the investment 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 Europeanbased 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 nonprivate markets Investment Teams (i.e. fixed income and multiasset class teams)
- 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
- 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.
- 13 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 will be an advantage
- Experience in investment 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 multitask teamplayer 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.
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Required Experience:
IC