Senior Accountant
Carlyle Investment Management, LLC

Job Info

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Position Summary

The senior accountant is responsible for the day-to-day activities of the team, including planning and setting due dates for team tasks, monitoring status of deliverables and escalating issues as they arise. The senior accountant is responsible for (1) planning and executing the financial close process, reviewing and approving staff level transactions and reconciliations, preparing/proposing entries for more complicated/material transactions, and preparing reconciliations, analysis and reports primarily related to accrued, deferred and recognized revenue, recoverable expenses, accrued expenses and reserves in a multitude of management entity ledgers (2) planning and executing the activities around billing/collection of fee income, (3) planning and executing some of the activities around the working capital balances, which mainly includes assessing for reserves and recording write offs, (4) monitoring team activities to ensure adherence to firm policies, SOX controls, and applicable contractual agreements.

The senior accountant is responsible for the quarterly and annual activities of the team, including communicating and coordinating deliverables between inter and intra department, as well as external parties. The senior accountant is responsible for (1) allocating resources and delivering internal and external audit requests, (2) preparing legal and third-party requests, (3) drafting explanations for quarterly variance analysis and monthly budget variances, (4) support the cost allocation process and (5) support the Working Capital initiatives.

The senior accountant is responsible for ad hoc and on-going projects, which include (1) preparing ad-hoc information requests or delegating and reviewing ad-hoc information requests, (2) supporting various projects that are vital to fund or management entity operations, (3) developing training materials and mentoring/coaching staff accountants, (4) developing and documenting processes and procedures, and (5) creating efficiencies through process improvement and technology.

This position requires (1) experience in a large and growing global firm, (2) strict adherence to deadlines and deliverables, (3) ability to adapt to a fast changing environment and to solve complex issues, (4) skill in managing and motivating team members, (5) aptitude in interpreting complex agreements and proposing applicable accounting treatment, (6) a solid understanding of accounting information systems, which includes identifying opportunities incremental improvements in functionality, (7) solid organizational and analytical skills, and (8) ability to develop and build relationships across departments and with all levels of staff.

Substantially all responsibilities will involve Excel and PeopleSoft. This position requires competence in managing large data sets and manipulating them using complicated formulas and pivot tables in Excel. This position also requires competence in using and understanding information systems, such as various modules and how transactions should be recorded to ensure data integrity.

Responsibilities

70% of time

Daily and Monthly Responsibilities

• Conduct planning sessions with staff accountants to ensure tasks are delegated to the appropriate resources and resources are used to their fullest capabilities and capacity. Monitor progress and report regular status updates and escalations to manager.
• Anticipate and communicate issues as they arise to manager, use judgement in proposing course of action, and closely communicate with stakeholders to fulfil dependencies.
• Plan and execute the financial close process to ensure all deadlines are met and the results are free from material misstatement.
• Prepare monthly and quarterly reports.
• Review and approve staff level transactional activity (including journal entries, vouchers, wires and customer invoices) and reconciliations.
• Perform analytical tasks, such as reviewing trending reports and expense analysis for possible miscoding and work with team to make necessary corrections.
• Collaborate and coordinate with CA, EAs, FM, PA and foreign offices to ensure proper recording and coding of transactions.
• Plan and execute the billing cycle to ensure fees are billed timely and in accordance with policy.
• Delegate and review billing/collection of all fees, including management fees, portfolio fees, transaction fees, and funding fees, and ensure adherence to applicable agreements and invoices are issued timely.
• Ensure necessary reclasses and reserves are recorded, review and approve staff level transactions.
• Monitor team activities to ensure adherence to firm policies, SOX controls, partnership agreements, service agreements (i.e. monitoring agreements) and any other applicable controls or agreements.

10% of time

Quarterly and Annual Activities

• Liaison between firm and internal/external auditors to ensure audit requests are delivered accurately, complete and timely. Respond to questions and open items.
• Support manager to respond to legal and external reviewers, such as investors, governmental agencies or other third parties, to ensure review requests are delivered accurately, complete and timely. Draft responses to questions and track open items.
• Research and draft explanations for departmental budget variances.

10% of time

Special Projects

• Prepare or delegate and review ad hoc reporting requests, which generally come from Fund Management, Partnership Accounting, Corporate Accounting and external parties (i.e., investor requests).
• Support efforts to address and resolve issues that require significant research and collaboration with various teams.

10% of time

Other Functions

• Participate in goal setting sessions with staff accountants, provide regular mentoring, and feedback.
• Draft inter and intra departmental training materials and facilitate training of new and existing employees on policies and processes.
• Draft processes and procedures.
• Develop and build relationships across departments to facilitate information share and build trust.
• Create efficiencies through the development of improved processes, utilization of available technology and sufficient training.

Qualifications

Education & Certificates

• Bachelor's Degree in Accounting, AIS or a related field required
• GPA of 3.0 or above required
• CPA candidate preferred.

Professional Experience

• Educational background in accounting or a related field
• 2+ years of accounting experience in accounting roles with a solid knowledge of GAAP.
• Knowledge of private equity industry, preferred.
• Experience with global operations.
• Ability to adapt to a fast-changing environment and to solve complex issues.
• Experience leading others on routine activities, as well as coaching, mentoring, and providing feedback.
• Ability to interpret agreements, including but not limited to service agreements and partnership agreements.
• Solid knowledge of Microsoft Excel, functional knowledge of Microsoft Word and Outlook, and solid understanding of accounting information systems (project costing a plus)

Competencies & Attributes

• PeopleSoft experience preferred
• Strong problem solving, analytical and communication skills
• Strong team player with a positive attitude, detail-oriented, efficient and organized
• Able to work under pressure and meet reporting deadlines
• Solid computer and financial systems skills
• Capable of working independently and in groups
• Proficiency in accounting and other Carlyle systems (training available)

Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by The Carlyle Group.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $426 billion of assets under management and more than half of the AUM managed by women, across 586 investment vehicles as of December 31, 2023. 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 28 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 know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.

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