Basic information
Job Name:
2-Year Staff Accountant, Fund Accounting
Location:
Washington, DC
Line of Business:
Finance
Job Function:
Investor Services
Date:
Tuesday, July 16, 2024
2-Year Staff Accountant, Fund Accounting
The Carlyle Group
Accounting & Finance
Washington, USA
Posted on Jul 17, 2024
Position Summary
Partnership Accounting’s Fund Controller & Reporting team is responsible for the financial reporting and analysis of the funds within Carlyle’s various segments. The Two-Year Staff Accountant is generally responsible for generating timely financial and regulatory reporting for Carlyle’s investors and internal stakeholders, answering investor inquiries, and supporting various department initiatives. This position requires a two-year term. The ideal candidate has a solid understanding of accounting concepts, is detail-oriented, and demonstrates strong analytical and critical thinking abilities, as well as excellent organizational and communication skills.
Responsibilities
Fund Controller
- Help facilitate and communicate the purchase/sale pipeline across impacted teams within Carlyle:
- Facilitate/monitor legal entity, bank account, deal set-up in relevant systems
- Prepare investment deal documentation packages, facilitate transaction testing with external auditors
- Analyze transactions for appropriate treatment under US GAAP and the provisions of fund agreements
- Prepare fund performance analysis for management reporting and decision-making
- Liaise with PA Operations regarding deal fundings, capital calls/distributions, investor allocations, and other fund matters
- Credit Facility Maintenance: (a) assist Fund Management and supervisor with cash flow projections for the fund; (b) complete paperwork and liaise with the applicable bank on borrowing and paydown requests; (c) complete reporting requirements under credit facility agreement/debt covenant compliance
- Working knowledge and understanding of applicable terms of fund agreements and limited partner agreements
- Ability to run large data sets and complete analysis as requested by Fund Management and PA
- Have a good working knowledge and be the point of contact for the various systems used for fund operations
- Participate in departmental and cross-departmental projects, with focus on operational efficiency, process improvement and system development
Financial reporting
- Prepare financial reporting at least on a quarterly basis
- Work closely with supervisor, peers and other Carlyle personnel on financial reporting and daily activities
- Prepare investor capital account statements
- Prepare audit PBC schedules and assist with the interim and annual audit
- Prepare reports as needed from Carlyle information systems
- Prepare regulatory reporting (examples include, but are not limited to, AIFMD, Form PF, Form ADV)
Investor Correspondence
- Complete certain investor audit confirmations
- Respond to investor questions regarding reporting
Qualifications
Education & Certificates
- Bachelor’s Degree with GPA of 3.0 or above required.
- Accounting Major, or equivalent accounting work experience in addition to Bachelor’s Degree in another field, required.
- CPA Candidate preferred.
Professional Experience
- Strong educational background in accounting, knowledge of GAAP, knowledge of private equity industry, functional knowledge of Microsoft Office.
Competencies & Attributes
- Strong team player with a positive attitude, detail-oriented and organized
- Able to work under pressure and meet reporting deadlines
- Solid computer and financial systems skills
- Attention to detail
- Strong communication skills
- Capable of working independently and in groups
- Proficiency in accounting and other Carlyle systems (training available)
Benefits/Compensation:
The compensation range for this role is specific to DC 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 $75,000 - $85,000.
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 The Carlyle Group.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $425 billion of assets under management and more than half of the AUM managed by women, across 595 investment vehicles as of March 31, 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 28 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 know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.