The Fund Management team is responsible for the operation of Carlyle's Global Private Equity and Global Credit funds. Managers within Fund Management are assigned to one or more investment funds and are responsible for supporting all aspects of the funds' operations including quarterly valuations, investment funding and execution, investor reporting, compliance, tax and legal matters as well as internal financial planning and analysis for associated business units.
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Bachelor's degree in Accounting, Finance or Economics required
CPA / CFA preferred
5-7 years of prior experience in an analytical or financial role; Public Accountingexperience preferred
Analytical capabilities and the accounting and financial principles related to private equity and the ability to apply the principles to the tasks at hand
Strong and confident communication with Investment Professionals, Investor Relations Professionals, and other Investor Service team member (Internal) as well as Investors and Service Providers (External)
Advanced Microsoft Office (including Excel and PowerPoint) skills required
Ability to work in a fast-paced and demanding environment and balance multiple tasks
Significant overtime as well as availability outside of normal business hours required frequently, especially during quarterly valuation cycles, in connection with deal closings and during fundraising periods
Strong interpersonal skills a must
Strong organizational skills and attention to detail required
Demonstrated ability to work effectively as part of a team
High level of integrity and ability to maintain confidentiality of sensitive and proprietary matters is essential
Manager, Fund Management
Key Duties/ Responsibilities
Review financial valuations and exit forecasts for fund portfolio companies prepared by investment teams. Coordinate with the Corporate Accounting Valuation Group on quarterly valuation deliverables, including reviewing exit forecasts for the quarterly forecasting process. Prioritize and coordinate the organization of quarterly valuation deliverables and support.
Track and maintain appropriate controls and record-keeping
Provide ad hoc analysis on portfolio valuations, including allocation and scenario modelling for Fund CFO and senior leadership
Liaise with partnership accounting, fund management administrative consultants, fund counsel, tax, and fund coordination functions to lead the process of transaction execution (new investments, exits, restructures) including documentation and administration.
Oversee the process and timeline of borrowings, capital calls and distributions
Provide support for the preparation of annual fund operating budgets through completion of operating revenue and expense projections. Perform quarterly budget-to-actual variance analysis.
Coordinating with legal, compliance, investor relations and external counsel to manage to support fundraising efforts for new funds and co-investment offerings, including preparation of marketing materials and review of junior analysts' responses to due diligence requests
Support Vice President and Legal in negotiations and legal review of fund documents
Support Vice President in process management of FM aspects of fundraising (coordination of closings, entity formation and coordinating across teams for legal, tax, and lender diligence)
Coordination and review of key performance metrics and detailed data requests on a quarterly and ad hoc basis for Portfolio Review meetings, etc. across teams
Drive timeline of update and review quarterly updates of the fund and the underlying portfolio companies for investors with minimal supervision. Support Fund CFOs and Segment CFO in preparing presentations and ad hoc financial analysis.
Review capital call/distribution and waterfall calculations
Assist with legal and compliance matters, including liaising with external service providers regarding reporting requirements, managing the formation process and reviewing structure documents for the entity legal management system.
Support Legal and Tax in review of transaction structuring
The Carlyle Group (NASDAQ: CG) is a global investment firm with $246 billion of assets under management and more than half of the AUM managed by women, across 397 investment vehicles as of December 31, 2020. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 1,800 professionals operating in 29 offices in North America, South 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.