Manager, Global Credit Asset-Backed Finance at Carlyle Investment Management, LLC in New York, New York

Job Description:

Position Summary


Our Global Credit segment is a global, multi-product, markets-focused investment platform. Established in 1999 with our first high yield fund, Global Credit currently operates 122 active vehicles with more than 210 investment professionals and approximately $152 billion in AUM, as of June 30, 2023.


As part of Global Credit, Asset Backed Finance focuses on the origination, structuring and management of credit opportunities. Asset Backed Finance is currently investing out of Carlyle Structured Solutions ("CSS") and Carlyle Asset Finance ("CAF"). CSS invests primarily in private, directly originated credit instruments sourced, structured and underwritten by Carlyle. CAF seeks to provide flexible, asset backed financing solutions to non-bank lenders and other assets owners. Additionally, Asset Backed Finance designs bespoke investment solutions for the benefit of Carlyle's institutional clients, including pensions and insurers.


Fund Management ("FM") teams serve as strategic business partners operating as the CFO function for the funds they support. FM serves as the connective tissue across deal teams, centralized activities and the broader Carlyle organization.



Responsibilities



Fund Management/Operations

• During fundraising, review various analysis of data needed for the updating marketing materials, assisting with the preparation and review of due diligence questionnaire responses, as well as assist with evaluation of side-letter arrangement and fund closing processes


• Assist with coordination with investment team, legal/tax counsel, and middle office operations team to plan and execute fund and deal closings including legal entity structuring


• Assist with formation process for all new entities and prepare documentation needed for internal Legal Entity approval, coordinate establishment of tax documentation (W8, W9) for all entities


• Assist with diligence and closing of newly admitted LPs and assist in diligence meetings and requests


• Monitor legal compliance with various fund agreements and arrangements


• Manage fund capital activity including capital call calculations, distribution calculations and the carry waterfall analysis, management fee and other allocations or reallocations prepared by the TPA


• Assist with review of valuation models prepared by deal team


• Review of materials and certifications for quarterly Valuation Sub-Committee Meeting


• Review of fund and portfolio performance metrics


• Review of revenue projection models

Fund Accounting / Financial Reporting / Investor Reporting

• Oversight and review of quarterly fund closes based on data received from the TPA, which includes review of related support for all balance sheet and income statement accounts


• Oversee review of cash and position reconciliations from Operations team


• Review of accrued and realized carry calculations from the TPA


• Review of capital allocations and capital statements prepared by TPA


• Review of financial statements


• Annual review of tax workbooks detailing book to tax difference to tax returns, tax returns and partner K-1s


• Coordinate preparation of quarterly investor updates


• Oversee coordination of interim and year-end audit requests and address questions from external auditors as well as investors


• Coordinate corporate deliverables and disclosures for firm's public company reporting


• Interact with investors on a periodic basis and produce and analyze a variety of ad hoc analysis

Qualifications



Education & Certifications

• Bachelors degree, required


• Concentration in Accounting and/or Finance double major/minor, strongly preferred


• CPA and/or CFA preferred

Professional Experience

• Minimum 5-7 years relevant experience required


• Experience in the Private Equity industry preferred


• Knowledge of US GAAP reporting requirements


• Knowledge of the credit investment universe (including, but not limited to, CLO's, Term Loans, Revolvers)

Competencies & Attributes

• 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

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 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.



Company Information


The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 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 2,300 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 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 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. Apply Now