Position Summary
Responsible for assisting in all aspects of the accounting and fund management of the BDCs on the Carlyle Direct Lending platform ("CDL"), which is Carlyle's direct lending business unit that operates within the broader Carlyle Global Credit segment.
This individual will coordinate and manage the review of the accounting close packages for Carlyle's BDCs, including liaising with front office professionals. This individual is expected to have a thorough understanding of various accounting related considerations, including amortization, PIK, management and incentive fees, credit facility costs accrual, and budget to actual expense accrual adjustments, among other considerations. This individual is expected to work closely with the Third Party Administrator ("TPA") on any adjustments needed to the closing packages, review tie-out packages and help resolve escalated issues.
Once all aspects of the closing packages are complete, this individual will liaison with the various CDL teams on the preparation of the quarterly financial statements (10-Qs and 10-Ks), including financial highlights and MD&A as well as other SEC filings. This individual will also help coordinate the production calendar for TPA, CDL Front Office, CDL Operations Teams and the auditors in order to meet corporate timelines for quarterly close. This individual will be consistently challenged to streamline processes to create further efficiencies within CDL in areas such as valuation, compliance, and the quarterly close, with a focus on the use of technology. This role will require detailed review of a variety of due diligence materials, including validation of performance data for fundraising and investor reporting purposes and regular coordination with front office and investor relations professionals.
Primary Responsibilities
90% of time
- Accounting for the BDCs
- Coordinate the production calendar to meet corporate and investor deadlines and identifies ways to further streamline the TPA and CDL data-warehouse processes
- Coordinate and manage review of the accounting close package from TPA
- Manage and review TPA to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting
- Interface with auditors in all quarterly review and audit coordination and completion as well as for the SOX assessment
- Review the tie-out of financial statements and assist in implementation of new accounting requirements with auditors and TPA
- Assist to generate and coordinate other corporate deliverables such as AUM reporting
- Coordination and oversight of the quarterly credit facility waterfall payment file review
- Coordinate and detail review credit facility reporting and compliance
- In charge of management company accounting including revenue recording and expense and accruals review, as well as reviewing coding of invoices in the expense payment system and coordinating payment of direct third party expenses and reimbursements to the Investment Manager
- Review quarterly and annual RIC tests (tax diversification, income and distribution tests)
- Review annual tax returns
10% of time
- Other
- Handles External Auditor quarterly review and annual audits and handles SOX, including documentation for BDCs
- Coordinate borrowing and repayment requests internally and with the lender groups frequently as needed
- Review of pre-trade compliance deal input, including working with the CCO on real-time stats for pre-trade compliance and deal allocation
- Assist in improving efficiency through technology
- Assist in a wide variety of projects as reasonably assigned
Requirements
Education & Certificates
- Bachelor's degree, required
- Concentration in Accounting, preferred
- CPA preferred
Professional Experience
- Minimum of 2+ years' relevant experience, required
- Big 4 accounting firm background a plus
- BDC experience, preferred
- Strong knowledge of closed-end and regulated investment funds and US GAAP/SEC reporting requirements
Competencies & Attributes
- Proficient in Microsoft Word, PowerPoint and Excel
- Knowledge of advanced features in excel (e.g. Macros, V-look ups) a plus
- Attention to detail
- Self-starter
- Time management/prioritization
- Interpersonal skills and a team player
- Organizational skills
- Planning skills
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 required or preferred skill sets, prior experience and training, and any relevant licenses or certifications.
The anticipated base salary range for this role is $90,000 to $120,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package that includes retirement benefits, health insurance, life and disability insurance, 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, but not limited to, individual and organizational performance.
Due to the high volume of applicants, please be advised that only candidates selected for an interview will be contacted by The Carlyle Group.
Company Profile
The Carlyle Group (NASDAQ: CG) is a global investment firm with $435 billion of assets under management and more than half of the AUM managed by women, across 606 investment vehicles as of June 30, 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 2,200 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 value diversity as a key driver of 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." Our aim is to cultivate a community where insights are continually exchanged and different perspectives are embraced. We recognize that diverse teams perform better and we are dedicated to leveraging diversity as a competitive advantage at Carlyle.
