Manager, Client Billing And Production Compensation
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:
- 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
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.
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.