Basic information
Job Name:
Senior Analyst, Direct Lending Treaty Fund
Location:
New York/340
Line of Business:
Finance
Job Function:
Investor Services
Date:
Tuesday, October 15, 2024
Senior Analyst, Direct Lending Treaty Fund
The Carlyle Group
IT
New York, NY, USA
Posted on Nov 21, 2024
Position Summary
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
This position requires strong accounting and finance experience, working knowledge of the credit investment universe, sound organizational and analytical skills as well as ability to build rapport with Carlyle investors, service providers and various constituents throughout the firm. This position also requires the ability to work and communicate effectively across various levels of management and organization groups.
Responsibilities
- Accounting and Reporting (40% of time)
- 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
- Finance and Operations (25% of time)
- 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
- Transactions and fund activities management (25% of time)
- 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 stake holders.
- 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
- Investor Requests (10% of time)
- Interact with investors on a periodic basis and produce a variety of ad hoc analysis
Qualifications
- Bachelors degree, required
- Concentration in Accounting, Finance or related field. strongly preferred
- CPA and/or CFA preferred
- 2-4 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/Compensation
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 required or preferred skill sets, prior experience and training, and any relevant licenses or certifications.
The anticipated base salary range for this role is $90,000 to $120,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package that includes retirement benefits, health insurance, life and disability insurance, 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, but not limited to, individual and organizational performance.
Due to the high volume of applicants, please be advised that only candidates selected for an interview will be contacted by The Carlyle Group.
Company Information
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.