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 Liquid Credit business closed-end carry funds. The individual will work closely with and support the Liquid Credit products team to execute on both the Collateralized Loan Obligations (CLO) and Revolving Loan focused investment programs.
This position requires strong accounting and finance experience, working knowledge of the credit industry and investment products, 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. Understanding of valuation techniques for both liquid and illiquid credit products a plus. This position requires the individual to take full ownership of assigned responsibilities and manage the development of junior team members.
Primary 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 and coordinating establishment of tax documentation (W8, W9)
- Manage onboarding and closing of newly admitted LPs and assist in diligence meetings and requests
- Oversee cash management at the fund level, including directing borrowing/repayments requests and compliance reporting across multiple credit facilities
- Monitor legal compliance with various fund agreements, investment guidelines and side letter arrangements
- Direct fund capital activity including call/distribution calculations, the carry waterfall analysis and management fees; review investor allocations prepared by the TPA
- Manage review of valuation models prepared by deal team and preparation of materials and certifications for quarterly Valuation Sub-Committee meetings
- Preparation of fund and portfolio performance metrics
- Preparation of revenue projection models, budgeting and re-forecasting files
- Assist in strategic initiatives related to technology and process enhancements
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 and related footnotes
- Coordinate interim and year-end audit requests and address questions from external auditors including coordination for SOX and SOC1 testing
- Facilitate the preparation and review of quarterly investor update materials
- Interact with investors on a periodic basis and respond to ad-hoc requests
Management Company Reporting
- Coordinate corporate deliverables and disclosures for firm’s public company reporting
- Review monthly management fee and expense accruals and quarterly budget analyses as relates to funds
- 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 office team
Requirements
Education & Certificates
- Bachelor’s degree, required
- Concentration in Accounting and/or Finance, preferred
- CPA, preferred
Professional Experience
- Minimum of 8+ years’ overall relevant experience, required
- Experience in either private credit or public accounting, preferred
- Experience in alternatives, familiar with Fund Accounting / SMA structures
- Knowledge of U.S. GAAP with an emphasis on Corporate Consolidations
- Knowledge Structured Credit and/or Structured Finance
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 $170,000 to $190,000.
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 Carlyle.
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