About this Valuation Specialist role at Neuberger Berman
Neuberger is looking for a Valuation Specialist for the NB Alternatives platform. This role represents an opportunity to build out a centralized valuation team supporting the overall NB Alternatives platform.
Responsibilities:
- Work closely with and support the Head of Private Markets Valuation
- Support the preparation of daily, monthly and quarterly valuation models and portfolio analytics for various asset classes related to private equity and private credit strategies
- Perform model validation on new valuation models
- Coordinate with Operations, Accounting, Information Technology, Risk and other supporting teams on pricing, valuation, P&L and valuation model inputs/outputs
- Assist the Head of Private Markets Valuation in managing the valuation process on market data and inputs to the valuation private equity and private credit models (comparable companies, waterfalls, yield curve, volatility, credit curves, etc.) and ensure the valuation process is valuation policy compliant
- Work closely with the Information Technology team to implement valuation setup for new products and automate current processes
- Manage the relationship with third-party valuation service providers as it relates to point estimates, range of values and positive assurance reports
- Manage and coordinate communications with fund auditors throughout the valuation audit cycle and throughout the calendar year as necessary
- Support the quarterly NAV close process for private equity, private credit, co-investment and secondaries strategies, including review of GP/manager-reported capital account statements, roll-forwards and stale-value adjustments
- Prepare and maintain valuation memos and supporting documentation evidencing fair value determinations under ASC 820 and ASC 946
- Support Valuation Committee meetings, including preparing materials, tracking open items and documenting approvals and follow-ups
- Perform quarter-over-quarter and period-over-period variance, attribution and back-testing analyses (e.g., marks vs. realized exit prices) and escalate material valuation movements
- Monitor and assist with implementation of evolving accounting and regulatory requirements, including FASB proposals affecting ASC 946 disclosures (e.g., disclosure of discounts attributable to contractual sale restrictions on publicly traded equity securities) and Rule 2a-5 / valuation policy requirements
- Support fair value hierarchy classification (Level 1/2/3), Level 3 unobservable input disclosures and footnote/financial statement reporting
- Maintain the valuation policy and procedures, controls, and internal-control testing evidence
- Develop dashboards, KPIs and management reporting on valuation coverage, timeliness, and exceptions
- Assist with investor, consultant, DDQ and regulatory inquiries related to valuation
- Identify and drive process improvements, including automation of manual valuation processes
- Support valuation of new investments at onboarding, including calibration of models to transaction price
Qualifications:
- Team oriented individual who can help train and develop others to expand capabilities and capacity of the Valuation Team
- Strong project management, communication and presentation skills
- Possess problem-solving, data analytical, and valuation skills
- Strong knowledge of valuation methodologies and advanced excel capabilities
- Quantitative finance background with knowledge of financial products, specifically in private equity and private credit strategies
- CFA designation strongly preferred
- Bachelor's degree in Finance, Accounting, Economics, or a related field; advanced degree or additional credentials (CPA, ASA, CVA, FRM) a plus
- At least 10 years of experience in valuation or investment banking/advisory with exposure to alternative assets
- Working knowledge of US GAAP fair value guidance (ASC 820, ASC 946), IPEV guidelines and AICPA PE/VC valuation guide
- Experience with valuation techniques: market approach (comps, precedent transactions), income approach (DCF), option-pricing/waterfall allocation, and credit spread/yield analyses
- Experience with valuation and data platforms (e.g., Bloomberg, FactSet, CapIQ, ICE, Burgiss/Cambridge) and portfolio/accounting systems
- Strong attention to detail, with ability to manage multiple deadlines in a monthly and quarterly reporting cycles
- Strong judgment, integrity and ability to challenge assumptions and communicate with senior stakeholders, auditors and third-party providers
- Familiarity with regulatory frameworks affecting registered funds and private funds (1940 Act, Advisers Act)
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Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.Compensation Details
The salary range for this role is $215,000-$255,000. 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, retirement, 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 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 [email protected].
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