Manager, Fund Management Global Credit Cross Platform
Carlyle Investment Management, LLC

Job Info

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Position Summary

Responsible for managing all aspects of the fund management/operations related to Carlyle's Global Credit ("GC") Direct Lending cross platform accounts. This individual will coordinate and manage the review of accounting close packages including liaising with front office professionals and overseeing the work done by the analysts.

This position, where applicable, will involve a broad range of responsibilities, summarized below:

• Review of fund accounting records, financial statements, investor reports including calls and distributions; such records/data will be prepared by the Third-Party Administrator ("TPA")
• Coordination with auditors and ability to understand/explain financial concepts and team processes
• Data analysis that is needed for Carlyle's corporate accounting team (including Economic Net Income models, budget, AUM, etc.)
• Participation in the review of investment valuation and presentation to applicable committees
• In charge of management company accounting including revenue recording and expense and accruals review, as well as approving coding of invoices in the expense payment system and overseeing payment of direct third-party expenses and reimbursements to the Investment Manager
• Complete responses to investor correspondence, inquiries, and requests
• Assisting with Fund treasury functionality and deal pipeline management
• Working with credit facility providers to ensure proper funding of deals is lined up.
• Other ad-hoc projects where needed.

This position requires strong accounting and finance experience, working knowledge of the credit investment universe, sound organizational and analytical skills as well as ability to build rapport with Carlyle investors, service providers and various constituents throughout the firm. This position also requires the ability to work and communicate effectively across various levels of management and organization groups.

Responsibilities

Finance and Operations (15% of time)

• Assist in the structuring, execution and monitoring of investment transactions
• Assist with recognition and accrual of interest and expense booked by the TPA
• Review performance metrics compiled by TPA
• Preparation of corporate Economic Net Income models for respective funds and gather all necessary data needed for models from deal team, TPA, etc.

Product Control (15% of time)

• Assist with subscription and asset based credit facility provider management
• Review of valuation materials for the Valuation Committee
• Fund modelling and future business budgeting
• Overview of portfolio hedging, and liaising with treasury team on best hedging opportunities
• Work on product treasury and maintaining efficient cash level on accounts
• Working with Valuation providers on changes in valuation and impact to Funds

Accounting and Reporting (40% of time)

• Review of NAV's based on data received from the TPA, which includes review of related support for all balance sheet and income statement accounts.
• Coordinate and review credit facility reporting and compliance
• Detailed review of management fee and incentive fee calculations from TPA
• Detailed review of investor capital activity prepared by TPA
• Detailed review of financial statements
• Coordinate interim and year-end audit requests and questions

Transactions and fund activities management (15% of time)

• Manage the funds' capital needs/expenses by communicating capital activity to TPA, monitoring funds' daily cash liquidity and credit facility activities, understanding funds' management fee and incentive fee, and reviewing fee & expense calculations prepared by TPA

Investor Reporting (15% of time)

• coordinate investor requests on a periodic basis and produce and analyze a variety of ad hoc analysis

Qualifications

• Bachelors degree, required
• Concentration in Accounting and/or Finance double major/minor, strongly preferred
• CPA and/or CFA preferred
• Minimum 5-7 years relevant experience required
• Experience in the Private Equity industry preferred
• Knowledge of US GAAP reporting requirements
• Strong educational background in accounting/finance
• Knowledge of the credit investment universe (including, but not limited to, CLO's, Term Loans, Revolvers)
• Highly motivated individual
• Strong interpersonal skills a must
• Strong organizational skills and detail oriented. Attention to detail a must.
• Excellent communication skills - both written and oral
• Demonstrated ability to work effectively as part of a team and successfully manage multiple responsibilities under strict deadlines
• Proficient Microsoft Word, PowerPoint and Excel

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 $120,000 to $160,000.

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 $426 billion of assets under management and more than half of the AUM managed by women, across 586 investment vehicles as of December 31, 2023. 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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