About the position
Responsible for assisting in all aspects of the fund management of cross asset credit offerings on the Carlyle Direct Lending platform (“CDL”), which operates within the broader Carlyle Global Credit segment. This position, where applicable, will involve a broad range of responsibilities, summarized below: Review of fund accounting records, financial statements, partners' capital account statements, and capital calls/distribution allocation files and letters. 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.). 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. During fundraising, the individual will also help create various analysis of data needed for the updating of 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. Assisting with Fund treasury functionality and deal pipeline management. Other ad-hoc projects where needed.
Responsibilities
- Work alongside Operations to assure proper and timely execution of investments and vendor obligations
- Assist with recognition and accrual of interest and expense booked by the TPA
- Calculate and review performance metrics
- Preparation of various reports provided to investors periodically (i.e. Quarterly Update Presentations)
- Assist with subscription and asset-based credit facility provider management
- Fund modelling and expense budgeting
- Preparation of capital activity calculations including pro forma analysis to assist the business in future decision making
- Improve daily, weekly, monthly, and quarterly processes to enhance the overall efficiency, accuracy, and functionality of the fund
- Detailed 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 accrued carry/incentive calculations from the TPA
- Detailed review of capital allocations and capital statements prepared by TPA
- Detailed preparation and review of financial statements
- Coordinate interim and year-end audit requests and questions
- End of Period SOI reporting
- Assist with the onboarding of an internal accounting book of record
- Work alongside different groups such as Investor Relations, Internal and External Legal Counsel, and Portfolio Management to coordinate periodic investor closes
- Manage the funds capital needs by coordinating with Portfolio Management and other stakeholders
- Work with TPA to produce and issue capital activity notices
- Review quarterly performance data and assist in the proposal and preparation of distributions
- Oversee a team of consultants assisting in the preparation of recurring deliverables for the fund
- Interact with investors on a periodic basis and produce a variety of ad hoc analysis
Requirements
- Bachelors degree in Accounting required and Finance double major/minor strongly preferred
- CPA and/or CFA preferred
- 4-5 years related industry experience required
- Big 4 accounting firm background is a plus
- 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.
- Experience with accounting systems (i.e., Advent Geneva) a plus
- Strong ability to create and enhance business processes
Benefits
- The anticipated base salary range for this role is $90,000 to $120,000.
- 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 individual and organizational performance.
