Basic information
Job Name:
Associate Vice President, Treasury
Location:
Luxembourg
Line of Business:
Finance
Job Function:
Investor Services
Date:
Wednesday, May 14, 2025
Associate Vice President, Treasury
The Carlyle Group
Accounting & Finance
Luxembourg
Posted on May 14, 2025
Position Summary
The Carlyle Luxembourg platform is composed of three business segments: Global Credit, Real Assets and Europe & US Buy-Out, each led by specialized legal and financial professionals. The Treasury function operates across the full Luxembourg platform and collaborates closely with the AIFM platform and the business to support deal execution, investment management and ensure consistency across European and international investments and funds.
This role is part of the Carlyle Luxembourg’s fund management finance and legal teams supporting the deal teams in Europe and the fund accounting team in Washington DC. The AVP will oversee all treasury related functions through Carlyle’s Luxembourg entities, covering fund and holding platform level operations across multiple business lines including Europe Corporate Private Equity, International Energy, Europe Real Estate, Renewables, Infrastructure, Global Credit.
Key responsibilities include managing bank account onboarding and relationships with commercial banks, ensuring compliance with treasury and cash management processes, coordinating with legal and deal teams, invoice processing, payment preparation and support during audits and year-end closing.
The successful candidate will operate independently in a fast-paced environment and collaborate across teams and geographies. The role interacts with procurement, treasury and operations teams in London, New York, and Washington DC, requiring excellent communication skills and the ability to build strong internal network. The AVP will be supported by a Treasury & Accounts Payable Lead and an Assistant.
Responsibilities
Banking & Treasury Operations
• Manage onboarding of bank accounts for Luxembourg entities, including submission of documentation, execution of Multiline and SIAM agreements, processing and establishment of SWIFTnet connections.
• Ensure timely handling of KYC requests from banks with support from legal and finance teams.
• Oversee the execution of time sensitive deal funding wires in conjunction with Luxembourg finance team and US/London operations teams including movement of cash through SPV structures, troubleshooting of wire issues and bank inquiries, and communication of swift copies.
• Coordinate with Banking Operations and non-Lux based (New York, London, and Washington DC) Accounting & Operations teams, and the bank and local legal counsel to ensure bank accounts for Luxembourg fund entities for new generation funds are properly integrated into Carlyle’s global treasury processes and Entities Lifecycle Management (ELM) system.
Accounts Payable Oversight
• Be responsible for the full Accounts Payable cycle from vendor onboarding in SAP Ariba to invoice validation, coding, approvals, and payment processing.
• This includes oversight of the Luxembourg Treasury team and coordination with the London support teams responsible for:
o Following up on outstanding invoices and supplier queries.
o Performing callbacks for vendor verification.
o Liaise with banks and ensure payments are completed on time.
o Provide bank statement supports to US based teams.
• Reconcile and analyse bank accounts during month-end.
Team Leadership & Process Improvement
• Mentor and support the Treasury & Accounts Payable Lead and Assistant.
• Lead cross-functional Treasury projects such as process re-engineering, centralization of cash management, bank reconciliation and intercompany structuring initiatives.
• Coordinate with global teams to deliver high-impact improvements aligned with regulatory and operational priorities.
• Proactively identify and implement process improvements.
• Drive Treasury automation initiatives and optimization projects in collaboration with the wider Finance and IT teams.
• Provide treasury
Qualifications
Required Skills and Experience
• Bac+3 in accounting, finance or related field
• Fluent in English (French and German are a plus)
• Strong academic foundation in financial principles and regulatory frameworks, with the ability to apply this knowledge across complex fund structures and multi-jurisdictional treasury operations.
• Strong knowledge of Microsoft office
• Proficient understanding in wire setup, SWIFT routing, and troubleshooting of issues (knowledge of intermediary BIC/SWIFT, final beneficiary BIC/SWIFT, Sort Code, and IBANS)
Preferred Qualifications
• Experience with Treasury and Finance systems such as HazelTree, SAP Ariba, Multiline, and/or PeopleSoft.
• Demonstrated knowledge of Private Equity, Real Estate, and Credit fund structures and operational requirements.
• Deep understanding of cash flow management, intercompany flows, and liquidity optimization across multi-entity structures.
• Advanced proficiency in Microsoft Office 365 tools, including Power Query, Power BI, and Power Automate.
• Proven track record in driving process automation and digital transformation within Finance or Treasury environments.
• Experience supporting Credit investment strategies, with a strong understanding of bonds, securities, and structured credit products.
• Strong project management capabilities, ideally across cross-functional or international teams.
• Experience designing and implementing dashboards, reporting tools, or analytics frameworks for Treasury or Finance stakeholders.
• In-depth knowledge of Luxembourg AML/KYC regulations, with demonstrated ability to ensure compliance with local and global banking requirements.
Professional Experience
• Minimum 6 to 7 years’ experience in a treasury, accounts payable or similar function
• Knowledge of industry best practices and experience in leading a Treasury Team that support a growing business
Core Competencies
• Strong customer service orientation and interpersonal skills.
• Self-starter with the ability to work independently and lead within cross-functional teams.
• Experience managing and mentoring team members, with a focus on building scalable, high-performing operations.
• High level of integrity, discretion, and professionalism in handling sensitive financial data.
• Excellent written and verbal communication skills, with the ability to liaise across geographies and departments.
• Organized and detail-oriented, with strong IT proficiency and ability to manage competing priorities in a fast-paced environment.
• Proactive mindset with sound judgment, able to manage ad hoc and time-sensitive requests under pressure.
• Strong technology-driven mindset, with experience implementing digital tools and improving data/reporting visibility.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $453 billion of assets under management and more than half of the AUM managed by women, across 641 investment vehicles as of March 31, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 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 Carlyle AlpInvest - 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 believe that a wide spectrum of experiences and viewpoints drives 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." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.