About the position
Responsible for assisting in all aspects of the fund management of certain Illiquid Credit Carry Funds, with involvement across the broader credit fund management group. This position involves the broad range of responsibilities summarized below: Review of fund accounting records, financial statements, partners' capital account statements, tax returns, K-1 forms and capital calls/distribution allocation files and letters. Such records/data will be prepared by the Third Party Administrator ("TPA"). Manage capital process, including evaluation of carried interest models. Data analysis that is needed for Carlyle's corporate accounting team (including Economic Net Income models, budget, AUM, etc.). Working with deal team, legal/tax counsel, and credit operations team to plan and execute deal closings. Assisting team in coordination with legal and tax to set up deal structures. Participation in the review of quarterly investment valuation and presentation to sub-committee. During fundraising, the individual will also help create various analysis of data needed for the updating marketing materials, assisting with the preparation of due diligence questionnaire responses, as well as assist with evaluation of side-letter arrangement and fund closing processes. Complete responses to investor correspondence, inquiries, and requests. Other ad-hoc projects where needed.
Responsibilities
- Assist in the structuring, execution and monitoring of investment transactions
- Coordination and review valuations prepared by deal team
- Review performance metrics compiled by TPA
- Preparation of corporate Economic Net Income models for respective fund(s) and gather all necessary data needed for models from deal team, TPA, etc.
- Preparation of various reports provided to investors periodically (i.e. Quarterly Update Letter)
- Detailed review of Quarterly fund closes based on data received from the Third Party Administrator ("TPA"), which includes review of related support for all balance sheet and income statement accounts.
- Detailed review of accrued carry calculations from the TPA
- Detailed review of capital allocations and capital statements 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' cash needs and credit facility, understanding funds' carry position/determination of carry and reviewing fee & expense calculations prepared by TPA
- Responsible for review of monthly management company accounting and reporting and quarterly expense and budget analysis as it relates to respective fund
- Annual review of tax workbooks detailing book to tax difference to tax returns, tax returns and partner K-1s
- Interact with investors on a periodic basis and produce and analyze a variety of ad hoc analysis
Requirements
- Bachelor's degree, required
- Concentration in Accounting or Finance, preferred
- CPA preferred
- Minimum 5-7 years' of overall relevant experience required
- Strong knowledge of closed-end structured funds
- Strong educational background in accounting/finance
- Knowledge of private equity and/or credit industry
- Knowledge of accounting & reporting for credit products is a plus
Nice-to-haves
- Private Equity, Credit experience a plus
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.
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