Manager, Long-Term Incentive (LTI) Compensation and Operations

Neuberger is seeking a Manager, Long-Term Incentive (LTI) Compensation & Operations to join the Compensation team which is an integral part of the larger Human Capital Management (HCM) team. This team plays a critical role in the design, implementation, and administration of the firm’s rewards strategy. We partner with our internal clients across products, businesses, and locations, in conjunction with all functional areas within Human Capital Management, to develop and deliver appropriate and competitive compensation and benefit solutions.

LTI Responsibilities:

• Manage the administration for the Neuberger Berman equity programs including annual employee offerings, liquidity opportunities, and estate planning transfers.

• Partner with internal and external tax partners to ensure accurate and timely delivery of quarterly tax distributions, TRA payments, liquidity calculations, and reporting related to NBSH Operating units, Blue Investment Units, and Class D-1 units. 

• Lead the firm’s deferred compensation plan administration including fund allocation recommendations, pricing updates, monthly reporting, and annual disbursements.

• Maintain NB Align, the LTI reporting platform to ensure accurate and timely reporting of all activity and holdings across the equity and deferred compensation plans.

• Collaborate with Finance and external vendors to administer certain aspects of the carried-interest program.

• Drive various Long-Term Incentive system enhancements and AI Initiatives related to Neuberger Berman equity plans and deferred compensation plans.

• Facilitate the delivery of monthly financial reporting, audit requirements, and quarterly financial statement disclosures.

• Review, calculate, and ensure proper accounting and delivery of equity and buyout award agreements for new hires.

• Provide Ad Hoc reporting to all levels of HCM, Finance and Sr. Management.

Carry Administration Responsibilities:

• Manage end-to-end carried interest award lifecycle, including preparation and review of grant documentation, participant notices, and award agreement execution for new and existing carry participants.

• Maintain and reconcile carried interest participant data across internal systems, ensuring accuracy of fund allocations, ownership percentages, vesting schedules, and forfeiture events.

• Assist in the onboarding and offboarding of carry participants, including modeling the impact of forfeitures, transfers, and departures on fund allocations in coordination with legal and Finance.

• Lead the reporting initiative to incorporate employee level carried interest results with existing compensation reporting within Human Capital Management systems and statements through coordination with Finance, Fund Controllers, and Compensation functions.

Requirements:

• Bachelor’s degree in Accounting, Finance, or Human Resource Management

• 10+ years of experience with an expertise in Equity Award Accounting, reporting, and administration of complex equity plans.

• Familiarity with carried interest plan administration, agreement review, fund allocation tracking, waterfall and distribution calculations, valuation of equity interests, and implications of forfeiture upon grants.

• Experience supporting cross-functional carried interest in workflows in partnerships with Finance, Fund Accounting, Legal, and Tax teams.

• Project management skills with a proven history of delivering system enhancements and creating efficiencies focused on Equity award reporting, administration, and controls.

• Advanced Excel and technical/analytical skills, including experience building or maintaining carry tracking models.

• Exemplary communication skills – both written and verbal.

• Ability to design operationally sound and clear processes.

• Effective communicator with senior management and partners (verbal, written, and deck preparation)

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Compensation Details

The salary range for this role is $150,000-$190,000. 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 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 [email protected].

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