2-Year Staff Accountant, Partnership Accounting - Operations

Department Summary

The Partnership Accounting Department is responsible for the accounting, allocating and reporting of all financial activity related to Carlyle's Global Private Equity funds. It is the financial engine behind how the fund works and how money gets allocated to the investors and the GP. Partnership Accounting is comprised of an Operations team and a Reporting team.

The Partnership Accounting - Operations team is responsible for the accounting operations of the funds within Carlyle's various segments. The Staff Accountant would generally be responsible for processing accounting transactions, answering investor inquiries, and supporting various department initiatives. This position will complete a two-year term on the Partnership Accounting team.

The ideal candidate has a solid understanding of accounting concepts, is detail-oriented, and demonstrates strong analytical and critical thinking abilities, as well as excellent organizational and communication skills.

In-Office Requirement: 4 days per week

Primary Responsibilities

Fund Operations (60% of Time)

• Capital Transaction Management: Assist in the management and execution of capital calls and distribution notices to investors, ensuring accurate and timely communication.
• Financial Reporting and Analysis: Prepare detailed partnership expense analyses and corresponding journal entries. Maintain meticulous records of capital calls and distributions within Carlyle systems.
• Cash Management: Conduct cash on hand analyses and closely monitor and reconcile cash accounts to ensure accuracy and compliance with financial policies.
• Account Reconciliation: Perform thorough reconciliations of balance sheet accounts presented in the fund-level financial statements, identifying discrepancies and initiating corrective measures.
• Trial Balance and Reporting: Prepare fund-level trial balances and generate custom reports from Carlyle information systems to support financial analysis and decision-making.
• Investment Transaction Support: Assist in the execution and completion of investment fundings and distributions, coordinating closely with internal teams to ensure seamless transaction flows.

Investor Correspondence (30% of Time)

• Investor Relations and Support: Act as a point of contact for investors' inquiries related to quarterly reports, transaction notices, and statements. Provide timely and accurate information to enhance investor understanding and satisfaction.
• Information Provision: Respond to requests for information on various funds, preparing detailed and informative responses that reflect a deep understanding of fund operations and investor needs.

Cross-functional Collaboration (10% of Time)

• Interdepartmental Support: Collaborate with stakeholders to verify and coordinate transactions, ensuring that all data is accurate.
• Data Compilation and Analysis: Assist in compiling and analyzing data related to funds, investors, or portfolio companies as requested by different Carlyle teams, contributing to comprehensive business analysis and strategic planning.

General Responsibilities

• Continuous Learning: Engage in ongoing professional development to stay updated on industry practices and software advancements relevant to fund accounting.
• Quality Control and Compliance: Ensure all financial documentation complies with organizational standards and regulatory requirements, maintaining a high standard of accuracy and reliability in financial reporting.

Requirements

Education & Certificates

• Bachelor's Degree with GPA of 3.0 or above required.
• Accounting Major, or equivalent accounting work experience in addition to Bachelor's Degree in another field, required.
• CPA Candidate preferred.

Professional Experience

• 0-2 years of overall experience, required
• Strong educational background in accounting
• Knowledge of GAAP
• Knowledge of private equity industry
• Functional knowledge of Microsoft Office.

Competencies & Attributes

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

Benefits/Compensation

The compensation range for this role is specific to DC 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 $75,000 - $80,000.

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 The Carlyle Group.