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Private Markets Product Management Associate

  • Job
    Full-time
    Mid & Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • New York
  • Quick Apply

AI generated summary

  • You need a degree in finance or related field, 3-5 years of relevant experience, strong project management skills, attention to detail, excellent communication, and a proactive, team-oriented attitude.
  • You will support program managers in fund management, coordinate teams, track portfolio activities, manage reporting, and oversee cash flow and investment realizations.

Requirements

  • Undergraduate degree in economics, business, finance, or similar
  • 3 - 5 years of relevant professional experience (i.e., finance, accounting, operations, investment banking, private equity)
  • Excellent academic credentials
  • 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
  • Remarkable attention to detail
  • Strong judgment, maturity and critical thinking skills
  • Excellent communication, and ability to articulate and present ideas effectively both orally and in written form
  • Initiative and creativity in approach to problem solving and to be resourceful
  • Exhibits strong dedication to the job and takes ownership of deliverables
  • Intellectual curiosity and ability to learn fast

Responsibilities

  • Support of Program Managers in all aspects of the Funds’ management
  • Coordination among all NB internal constituencies of the Fund, including the Private Markets Investment Team, Legal, Finance, Reporting, Operations, Investor Communications and Client Services and non-private markets Investment Teams (i.e. fixed income and multi-asset class teams)
  • Support 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)
  • Coordination of investment process for the Fund, including portfolio fit, client / board approvals as needed, other
  • Review and assisting with ad hoc, quarterly and annual reporting, investor / board communications, annual and other ad hoc meetings
  • Tracking of inflows & outflows (subscriptions, withdrawals, dividends, etc.)
  • Tracking of investment realizations vs. new investment activity
  • Credit facility management (as applicable)

FAQs

What is the primary focus of the Private Markets Product Management Associate role?

The primary focus of the role is to support Program Managers in the management of private market funds, particularly those that are evergreen in nature and have ongoing subscription/withdrawal features, alongside coordinating investment execution, monitoring, and communications.

What qualifications are required for this position?

An undergraduate degree in economics, business, finance, or a related field is required, along with 3-5 years of relevant professional experience in finance, accounting, operations, investment banking, or private equity.

What skills are essential for success in this role?

Essential skills include strong project management and organizational abilities, attention to detail, excellent communication skills, critical thinking, resourcefulness, and the ability to multi-task effectively.

What is the salary range for this position?

The salary range for this role is $115,000 to $135,000, although final pay may be influenced by factors such as relevant experience, skills, and geographic location.

Is this position eligible for a bonus?

Yes, this job is eligible for a discretionary bonus in addition to the base salary.

What kind of benefits does Neuberger Berman offer?

Neuberger Berman offers a comprehensive package of benefits including paid time off, medical/dental/vision insurance, a 401(k) plan, life insurance, and other benefits to eligible employees.

What characteristics does Neuberger Berman value in potential candidates?

Neuberger Berman values resourcefulness, initiative, teamwork, dedication to the job, critical thinking skills, and intellectual curiosity in potential candidates.

What internal teams will the Product Management Associate coordinate with?

The Associate will coordinate with various internal teams including the Private Markets Investment Team, Legal, Finance, Reporting, Operations, Investor Communications, Client Services, and non-private markets Investment Teams.

How does this role relate to capital management?

The role involves tracking inflows and outflows, investment realizations versus new investment activity, and managing credit facilities as applicable to the funds.

Is Neuberger Berman an equal opportunity employer?

Yes, Neuberger Berman is an equal opportunity/affirmative action employer and does not discriminate in employment based on any protected characteristics.

Founded in 1939 to do one thing: deliver compelling investment results for our clients over the long term.

Venture Capital & Private Equity
Industry
1001-5000
Employees
1939
Founded Year

Mission & Purpose

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes.

Culture & Values

  • Earning Trust

    Neuberger Berman is one of the world's leading employee majority-controlled investment firms, over 2,300 employees in 35 cities worldwide. Over the past seven decades, we have earned our clients' trust because clients come first and we always, put their interests ahead of our own. Our partnership culture is the source of our most distinctive strength — our people, who thrive in an environment of professional and personal respect, rigorous analysis and challenging dialogue. With a singular focus on delivering superior, long-term performance, we are passionate, independent investors, unified by our commitment to fundamental research and the constant pursuit of investment insight. Risk management and an exceptional client experience are everyone's responsibility at Neuberger Berman.

  • Rich Tradition

    Neuberger Berman’s commitment to investment management has deep roots. In 1939, renowned investor Roy Neuberger founded the firm to manage money for individuals and families. The firm thrived and grew, earning a reputation for excellent performance and integrity. In 1950, Neuberger Berman became one of the first firms to offer a no-load mutual fund to individual investors, and that mutual fund family grew alongside the private client business. In 1971, the firm launched a portfolio for institutions, marking its formal entry into the institutional investment management business. Today, we continue to serve a broad range of investors across traditional equity, fixed income and alternative asset classes, while offering portfolio advice and wealth planning services. Since our first application of “avoidance screens” in the 1940s to the launch of our Socially Responsive Investment team in 1989, Neuberger Berman has been on the forefront of integrating environmental, social and governance (ESG) criteria into the investment process, which we continue to this day.

  • Distinctive Mindset

    We have operated successfully through many investment and economic cycles, which has helped strengthen and define us as a firm. Today, we are best described as a collective of independent, entrepreneurial-minded investment teams and support groups who are motivated to do well for clients in their respective areas of expertise. This sense of teamwork, accountability and client-focus is shared across our entire organization. We hire and retain employees based on merit, attracting talent with the dedication and creativity needed to foster diverse perspectives and a passion for investing.