Position Summary
Carlyle's Global Credit business is looking for a Manager to sit with the Credit Opportunities Fund Management Co-invest team. This individual will be responsible for assisting in all aspects of accounting, reporting, and monitoring. This position requires strong accounting and finance experience, working knowledge of the alternative investment industry, strong organizational and analytical skills as well as ability to build rapport with investment professionals, investor relations, valuation, and operations staff.
Responsibilities
1. Accounting and Reporting
- Oversight and review of Quarterly fund closes based on data received from the Third Party Administrator ("TPA"), which includes review of related support for all balance sheet and income statement accounts. On a monthly basis purchase and sale transactions and income are reviewed as part of a soft close.
- Oversee review of cash and position reconciliations from Operations team
- Detailed review of accrued carry calculations from the TPA
- Detailed review of capital allocations and capital statements prepared by TPA
- Detailed review of financial statements
- Oversee coordination interim and year-end audit requests and questions
2. Transactions and fund activities
- Perform a detailed review capital call calculations, distribution calculations and the waterfall analysis, management fee and other allocations or reallocations prepared by the TPA. Also write and review certain investor correspondences.
- Coordinate with Internal Coinvestment team (internal investors) to ensure that required data is provided and capital calls and distributions are consistent between internal and external teams
3. Fund Management
- Assist in the structuring, execution and monitoring of investment transactions
- Assist with deal structuring for CCOF investments, documentation and oversee formation of structures and coordinate investment funds with middle office, involves complex transactions including season and sell and will involve working closely with internal and external tax teams
- Coordination and review valuations prepared by deal team
- Review performance metrics compiled by TPA
- Preparation & Review of corporate Economic Net Income models for respective fund(s) and gather all necessary data needed for models from deal team, TPA, etc.
- Preparation of various reports provided to investors periodically (i.e. Quarterly Update Letter)
4. Management Company Reporting
- Responsible for review of monthly management company accounting and reporting, expense and budget analysis as it relates to respective fund
5. Tax
- Annual review of tax workbooks detailing book to tax difference to tax returns, tax returns and partner K-1s
Qualifications
Education & Certificates
- Bachelor's degree, required
- Concentration in Accounting and/or Finance, preferred
- CPA required
Professional Experience
- Minimum of 5-7 years' overall relevant experience, required
- Experience either in private credit or public accounting with supervisory experience, preferred
- Experience in alternatives, familiar with fund accounting/GP/LP structures and/or SMAs
Competencies & Attributes
- Highly motivated; Self-starter
- Time management/prioritization
- Strong interpersonal skills and a team player
- Strong organizational skills and detail oriented
- Excellent communication skills - both written and oral
- Strong ability to manage and develop junior team members
Benefits/Compensation
The compensation range for this role is specific to New York City and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $125,000 to $155,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by The Carlyle Group.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.
