Basic information
Job Name:
Manager, Direct Lending BDC Fund Management
Location:
New York/340
Line of Business:
Finance
Job Function:
Investor Services
Date:
Tuesday, September 16, 2025
Manager, Direct Lending BDC Fund Management
The Carlyle Group
New York, NY, USA
USD 125k-155k / year
Posted on Sep 17, 2025
Position Summary
This position will be responsible for assisting in all aspects of the accounting and fund management of the BDCs on the Carlyle Direct Lending platform ("CDL"), which is Carlyle's direct lending business unit that operates within the broader Carlyle Global Credit segment.
This individual will coordinate and manage the review of the accounting close packages for Carlyle's BDCs, including liaising with front office professionals. This individual is expected to have a thorough understanding of various accounting related considerations, including amortization, PIK, management and incentive fees, credit facility costs accrual, and budget to actual expense accrual adjustments, among other considerations. This individual is expected to work closely with the Third Party Administrator ("TPA") on any adjustments needed to the closing packages, review tie-out packages and help resolve escalated issues.
Once all aspects of the closing packages are complete, this individual will liaison with the various CDL teams on the preparation of the quarterly financial statements (10-Qs and 10-Ks), including financial highlights and MD&A as well as other SEC filings. This position will also be responsible for supporting the broader Direct Lending team for Global Credit, with a focus on valuations, fundraising and investor relations requests, and assisting with technology initiatives.
This individual will be consistently challenged to streamline processes to create further efficiencies within CDL in areas such as valuation, compliance, and the quarterly close, with a focus on the use of technology. This role will require detailed review of a variety of due diligence materials, including validation of performance data for fundraising and investor reporting purposes and regular coordination with front office and investor relations professionals.
This position requires strong finance and reporting experience, knowledge of the alternative investment industry, sound organizational and analytical skills as well as ability to build rapport with various constituents throughout the firm, service providers and Carlyle investors. In addition, the individual should be able to work independently in a fast paced environment, be deadline-oriented and possess strong analytical, forecasting and modelling skills as well as advanced Microsoft Office Suite knowledge.
Responsibilities
75% of time – Fund Control
- Coordinate the production calendar to meet corporate and investor deadlines and identifies ways to further streamline the TPA and CDL data-warehouse processes
- Coordinate and manage review of the accounting close package from TPA
- Manage and review TPA to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting
- Interface with auditors in all quarterly review and audit coordination and completion as well as for the SOX assessment
- Review the tie-out of financial statements and assist in implementation of new accounting requirements with auditors and TPA
- Assist to generate and coordinate other corporate deliverables such as AUM reporting
- Coordination and oversight of the quarterly credit facility waterfall payment file review
- Coordinate and detail review credit facility reporting and compliance
- Review quarterly and annual RIC tests (tax diversification, income and distribution tests)
- Oversee coordination of investor requests specific to Fund Management with Investor Relations and deal team
15% of time – Valuations
- Assist with reviewing investment valuations across all Direct Lending funds.
- Track and manage quarterly valuation deliverables to assure compliance with internal controls
- Work closely with deal teams to solve for complex valuation situations, escalating as required
- Support the development and refinement of valuation models to better address credit investments.
- Assist with identifying and developing standard processes to streamline valuation process and add efficiencies to preparation of valuations
10% of time – Data Governance & Technology Initiatives
- Assist in driving strategy within vertical on data and technology initiatives with respect to investment, fund and investor data to drive consistent reporting across products.
- Execute on technology projects as key business partner
- Document policies and guidelines, partnering with other functions, that helps improve quality and promotes consistency across Global Credit
- Promote ongoing adherence to established policies and guidelines
Qualifications
Education & Certificates
- Bachelors degree, required
- Concentration in Finance or Accounting, preferred
- CPA/CFA or progress towards CPA or CFA is a plus
Professional Experience
- 5-7 years relevant experience required
- Firm understanding of valuation concepts regarding operating companies and other debt/equity financial instruments
- Advanced proficiency in Microsoft Excel, Powerpoint, and Word
- Strong finance and reporting experience, advanced knowledge of closed-end and regulated investment funds and US GAAP/SEC reporting requirements is a plus
- Ability to work across departments and teams in a collaborative and efficient manner
Competencies & Attributes
- Self starter with a strong willingness to learn
- Ability to manage junior team members
- Strong communication and interpersonal skills to work with a wide range of individuals and personalities
- Strong organizational skills and detail oriented
- 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
- Committed to furthering firm’s Diversity, Equity, and Inclusion goals.
Benefits/Compensation
The compensation range for this role is specific to New York 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 $125,000 to $155,000.
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.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $465 billion of assets under management and more than half of the AUM managed by women, across 652 investment vehicles as of June 30, 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 27 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.