Manager, Global Credit Finance Cross Platform

Full-time - Manager

New York, NY

Real Estate

About the position

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.

Responsibilities

• 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.
• 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
• 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
• 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
• Coordinate investor requests 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.