Manager, Fund Finance & Accounting (Liquid Credit)
Carlyle Investment Management, LLC

Position Summary

Carlyle Global Credit is seeking an experienced individual responsible for supporting all aspects of fund management including finance, operations, tax, fund accounting, and financial reporting for the Structured Credit business focused on liquid credit closed-ended carry funds and single managed accounts. The individual will work closely with and support the Structured Credit products team to execute on the Revolving Loan focused investment program.

This position requires strong accounting and finance experience, working knowledge of the credit industry and valuation techniques for both liquid and illiquid credit products a plus, sound organizational and analytical skills as well as the ability to build rapport with Carlyle investors, TPA and the various constituents we interact with throughout the firm. This position requires the individual to take full ownership of assigned responsibilities and manage the development of junior team members.

Responsibilities

Fund Management / Operations

• Coordinate with investment team, legal/tax counsel, and middle office operations team to plan and execute fund and deal closings including legal entity structuring
• Assist with formation process for all new entities and prepare documentation needed for internal Legal Entity approval, coordinate establishment of tax documentation (W8, W9) for all entities
• Manage diligence and closing of newly admitted LPs and assist in diligence meetings and requests
• Monitor legal compliance with various fund agreements and side letter arrangements
• Direct fund capital activity including capital call calculations, distribution calculations and the carry waterfall analysis, management fee and other allocations or reallocations prepared by the TPA
• Oversee the borrowing/repayments request and compliance reporting across multiple credit facilities
• Manage review of valuation models prepared by deal team and preparation of materials and certifications for quarterly Valuation Sub-Committee Meeting
• Preparation of fund and portfolio performance metrics
• Preparation of revenue projection models and budgeting and re-forecasting files

Fund Accounting / Financial Reporting / Investor Reporting

• Review quarterly fund closes based on data received from the TPA, which includes review of related support for all balance sheet and income statement accounts
• Review of accrued and realized carry calculations from the TPA
• Review of capital allocations and capital statements prepared by TPA
• Review of financial statements
• Coordinate interim and year-end audit requests and address questions from external auditors including coordination for SOX and SOC1 testing
• Coordinate preparation of quarterly investor updates
• Interact with investors on a periodic basis and respond to ad hoc request

Management Company Reporting

• Coordinate corporate deliverables and disclosures for firm's public company reporting
• Review monthly management fee and expense accruals and quarterly budget analysis as it relates to respective fund
• Manage the monthly working capital review and quarterly billing of expense reimbursements and management fees with Corporate Accounting

Tax Reporting

• Annual review of tax workbooks detailing book to tax difference to tax returns, tax returns and partner K-1s
• Monitor entities for tax compliance
• Oversight of external tax middle

Qualifications

Education & Certificates

• Bachelor's degree in Accounting and/or Finance required
• CPA required

Professional Experience

• Minimum of 5+ years' experience either in private credit or public accounting
• Experience in alternatives, familiar with fund accounting/GP/LP structures
• Knowledge of U.S. GAAP with an emphasis on accounting for closed-end carry funds
• Knowledge of private equity and/or credit industry
• Knowledge of Structured Finance is a plus

Competencies & Attributes

• Highly motivated; Self-starter
• Ability to work under pressure to meet tight deadlines and balance multiple priorities
• An innovative and analytical thinker with strong problem-solving skills
• Strong organizational skills with the ability to own and see projects to completion
• Strong ability to manage and develop junior team members
• Strong interpersonal skills and a team player
• Excellent interpersonal and communication skills, both written and verbal

Benefits/Compensation

The compensation range for this role is specific to New York 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 - $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.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $425 billion of assets under management and more than half of the AUM managed by women, across 595 investment vehicles as of March 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 2,200 professionals operating in 28 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 know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.

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