Manager, Global Credit Asset-Backed Finance

Full-time - Manager

New York, NY

Real Estate

About the position

Our Global Credit segment is a global, multi-product, markets-focused investment platform. Established in 1999 with our first high yield fund, Global Credit currently operates 122 active vehicles with more than 210 investment professionals and approximately $152 billion in AUM, as of June 30, 2023. As part of Global Credit, Asset Backed Finance focuses on the origination, structuring and management of credit opportunities. Asset Backed Finance is currently investing out of Carlyle Structured Solutions ('CSS') and Carlyle Asset Finance ('CAF'). CSS invests primarily in private, directly originated credit instruments sourced, structured and underwritten by Carlyle. CAF seeks to provide flexible, asset backed financing solutions to non-bank lenders and other assets owners. Additionally, Asset Backed Finance designs bespoke investment solutions for the benefit of Carlyle's institutional clients, including pensions and insurers. Fund Management ('FM') teams serve as strategic business partners operating as the CFO function for the funds they support. FM serves as the connective tissue across deal teams, centralized activities and the broader Carlyle organization.

Responsibilities

• During fundraising, review various analysis of data needed for the updating marketing materials, assisting with the preparation and review of due diligence questionnaire responses, as well as assist with evaluation of side-letter arrangement and fund closing processes
• Assist with coordination 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
• Assist with diligence and closing of newly admitted LPs and assist in diligence meetings and requests
• Monitor legal compliance with various fund agreements and arrangements
• Manage 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
• Assist with review of valuation models prepared by deal team
• Review of materials and certifications for quarterly Valuation Sub-Committee Meeting
• Review of fund and portfolio performance metrics
• Review of revenue projection models
• Oversight and review of quarterly fund closes based on data received from the TPA, which includes review of related support for all balance sheet and income statement accounts
• Oversee review of cash and position reconciliations from Operations team
• Review of accrued and realized carry calculations from the TPA
• Review of capital allocations and capital statements prepared by TPA
• Review of financial statements
• Annual review of tax workbooks detailing book to tax difference to tax returns, tax returns and partner K-1s
• Coordinate preparation of quarterly investor updates
• Oversee coordination of interim and year-end audit requests and address questions from external auditors as well as investors
• Coordinate corporate deliverables and disclosures for firm's public company reporting
• Interact with investors on a periodic basis and produce and analyze a variety of ad hoc analysis

Requirements

• 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
• Knowledge of the credit investment universe (including, but not limited to, CLO's, Term Loans, Revolvers)

Nice-to-haves

• 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

• The anticipated base salary range for this role is $125,000 to $155,000.
• Comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs.
• Eligibility to participate in an annual discretionary incentive program, dependent on various factors, including individual and organizational performance.