Neuberger Berman is seeking a dynamic and results-driven Manager to lead Client Billing and Production Compensation for our Private Wealth business ($80Bn+ in Assets under management). This high-impact role requires a professional who can balance operational excellence but can also proactively solution enhancements to drive efficiency and support business growth. The ideal candidate will bring relevant private wealth experience, strong analytical skills, and a demonstrated ability to lead change and influence cross-functional teams. This role requires close collaboration with Private Wealth leadership team, Payroll, Fund Admin, Legal, Operations, Technology, among others.
Key Responsibilities:
Client Billing Operations:
Oversee all aspects of the client billing lifecycle, ensuring accurate and timely calculations, collections, and invoicing
Direct quarterly Investment Advisory fee billing, including complex exception reporting and root-cause resolution, driving continuous process improvement
Monitor and optimize receivables management, payment application, and reconciliation with third-party custodians to maximize collections and resolve outstanding items swiftly
Collaborate with the Controller team for month-end general ledger close, ensuring accurate reconciliation of revenue and balance sheet accounts
Partner with Private Wealth leadership team to design and implement new pricing structures
Lead all ad-hoc reporting and project-related requests, and special analyses to identify actionable insights for senior management
Compensation Management:
Oversee the monthly compensation process for Private Wealth production-based teams, ensuring precision and operational excellence
Supervise the close of compensation expenses, perform in-depth P&L variance reviews, and reconcile balance sheet accounts
Partner with Private Wealth leadership team to design and implement new compensation frameworks
Produce tailored, data-driven analyses to support senior management decision-making and emerging business needs
Process Improvement & Technology Enablement:
Champion the adoption of advanced analytics, AI, and automation to drive transformative change and elevate operational performance
Lead the design, testing, and implementation of technology solutions and automation projects, partnering closely with Data Analytics and Solutions Lead
Document, communicate, and roll out new processes and enhancements, ensuring seamless adoption and user engagement
Collaboration & Stakeholder Engagement:
Build and nurture strong partnerships with Private Wealth leadership, HCM, Technology, Legal, and Operations to implement billing and compensation plans and resolve issues
Effectively articulate complex concepts to diverse audiences, fostering understanding and alignment
Promote a collaborative, innovative, and continuous improvement mindset within the team and across the organization
Required Qualifications:
Bachelor’s degree in finance, Accounting, Business Administration, or a related field
8-12 years of experience in accounting, financial reporting, client billing, sales compensation, or financial analysis, preferably within private wealth or asset management
Demonstrated experience leading change management and process innovation initiatives
Proven ability to lead and inspire multiple teams toward a shared strategic vision
Advanced proficiency in Microsoft Excel and PowerPoint
Exceptional communication, organizational, and problem-solving skills
Ability to thrive in a fast-paced, deadline-driven environment while juggling multiple priorities
Desired Skills:
Experience in private wealth, asset management, or investment advisory industry
Hands-on experience with commission-based compensation and financial systems/software
Experience with AI, machine learning, or advanced analytics tools for automation and process improvement
Knowledge of SAP is a plus
Strategic, creative, and collaborative problem-solving abilities.
Proven ability to learn and communicate complex processes quickly and effectively
Compensation Details
The salary range for this role is $150,000-$180,000. 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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