Portfolio Manager

About Neuberger Berman Group LLC:

Neuberger Berman is an independent, employee-owned, global asset management firm, serving the financial needs of institutional and individual investors worldwide. Our broad capabilities include traditional and alternative equity and fixed income strategies, private equity and commodities, in addition to portfolio advice and wealth planning services. We offer a broad platform to accommodate the evolving needs of our clients.

Job Description:

As a leading asset manager with a history of successfully managing insurance assets, NB is well positioned to capitalize on trends both in favor of additional outsourcing as well as additional focus on asset managers' insurance expertise.

The Insurance Investments team advises on, structures, and manages portfolios for insurance clients across asset classes. The Insurance Portfolio Manager will manage US fixed income portfolios for insurance clients across the globe. The PM is responsible for portfolio positioning, monitoring risk, and managing to clients' bespoke objectives and constraints. Depending on the client, the PM must manage across the spectrum of buy-and-maintain portfolios to total return portfolios. The Insurance Portfolio Manager will also be responsible for representing the breadth of the Fixed Income platform to insurance clients and growing Neuberger Berman's insurance business. Success will be measured by business growth.

This role will be deeply integrated into both Insurance Investments and Fixed Income. The function will be supported by the research, trading, and PM capabilities of Fixed Income and the asset allocation, capital optimization, and insurance accounting expertise of the Solutions team within Insurance Investments.

Responsibilities:

• Grow the Insurance Investment business

• Manage insurance fixed income portfolios

• Represent the fixed income platform's products and market views to insurance clients

• Collaborate closely with NB fixed income business, including PMs, traders, research, tech, ops, etc.

• Collaborate with Solutions team on strategic asset allocation and other portfolio modeling exercises

• Oversee the implementation and maintenance of portfolio management and reporting systems (Aladdin and Clearwater)

Qualifications:

• 10+ years of experience in insurance and/or asset management

• Experience managing third party insurance assets

• Deep knowledge of fixed income markets, especially including IG

• Familiarity with US insurance accounting and regulatory landscape

• Excellent communication and presentation skills commensurate with a client-facing role

• Ability to develop strong relationships with both internal and external clients

• Strong level of self-direction, ownership and initiative

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Compensation Details

The salary range for this role in Illinois is $200,000-$300,000 and the salary range for the role in New York is $200,000-$300,000. 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. 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 .

Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) .

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $558 billion in client assets (as of September, 2025) across a range of strategies-including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds-on behalf of institutions, advisors and individual investors globally.

Tenured, stable and long-term in focus, the firm has built a diverse team-including 770-plus investment professionals and more than 2,900 employees in total-united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management" for last eight consecutive years (firms with 1,000+ employees).

Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.

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