Associate Vice President, Fund Finance & Accounting (Liquid Credit)
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Basic information

Job Name: Associate Vice President, Fund Finance & Accounting (Liquid Credit)

Location: New York/340

Line of Business: Finance

Job Function: Investor Services

Date: Monday, September 23, 2024

Carlyle Global Credit is seeking an experienced individual responsible for supporting all aspects of fund management including finance, operations, tax, fund accounting, and Management Company Consolidated financial reporting for the Structured Credit business focused on Collateralized Loan Obligations (CLOs) and liquid credit SMAs. The individual will work closely with and support the Structured Credit product team to oversee all CLOs focused executions.

This position requires strong accounting and finance experience, working knowledge of the credit industry and valuation techniques for both liquid and illiquid credit products a plus, 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. This position requires the individual to take full ownership of assigned responsibilities and manage the development of junior team members.

Fund Management / Operations

• Oversee fundraising, redemption and liquidation processes with internal Operations and Deal Team as well as external Trustee and Directors
• 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, coordinate establishment of tax documentation (W8, W9) for all entities
• Monitor legal compliance with various fund agreements and side letter arrangements
• Manage review of valuation models prepared by deal team and preparation of materials and certifications for quarterly Valuation Sub-Committee Meeting
• Preparation of Economic Net Income models and gather all necessary data needed for models from deal team.
• Maintain performance metrics and update of quarterly marketing materials

Fund Accounting / Management Company Reporting / Financial Reporting

• Coordinate corporate deliverables and disclosures for firm's public company reporting
• Oversee month end management company reporting, including reviewing investment and effective interest trackers, cash reconciliations, budget to actual fluctuation analysis, and monthly General Ledger with Corporate Accounting
• Manage the monthly working capital review and quarterly billing of expense reimbursements and management fees with Corporate Accounting
• Working with expense management team to review and approval expense allocations and invoice payments.
• Monitor CLO consolidation analysis
• Perform detail review of quarterly closes for consolidated CLOs based on data received from the Third-Party Administrator ( TPA ), which includes review of related support for all balance sheet and income statement accounts, consolidation templates and financial footnote support.
• Review firm 10Q/10K financial statements
• Coordinate interim and year-end audit requests and address questions from external auditors including coordination for SOX and SOC1 testing

Tax Reporting

• Work with GC tax team and counsel on new and/or restructured deals specific tax structuring needs
• Facilitate mid-year planning discussions with Corporate Accounting and External CPAs
• Coordination with Corporate tax team on deliverables, considerations for new and liquidating CLOs.
• Annual review of tax workbooks detailing book to tax differences, tax returns, CLO PFICs and partner K-1s.
• Oversight of external tax middle office team
• Prepare and respond to investor inquiries and requests

Education & Certificates

• Bachelor's degree in Accounting and/or Finance required
• CPA required

Professional Experience

• Minimum of 8+ years' experience either in private credit or public accounting
• 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

The compensation range for this role is specific to New York City 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 $160,000 - $180,000.

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.

The Carlyle Group (NASDAQ: CG) is a global investment firm with $435 billion of assets under management and more than half of the AUM managed by women, across 606 investment vehicles as of June 30, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,200 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we value diversity as a key driver of performance and success. Our CEO, Harvey Schwartz, has stated that, To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives. Our aim is to cultivate a community where insights are continually exchanged and different perspectives are embraced. We recognize that diverse teams perform better and we are dedicated to leveraging diversity as a competitive advantage at Carlyle.