Position Summary
The Partnership Accounting - Coinvestment team is responsible for the accounting operations and financial reporting of the funds within Carlyle's various segments. The 2-year Staff Accountant would generally be responsible for processing accounting transactions, generating timely financial reports for Carlyle's investors, 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
- Assist with sending capital call and distribution notices to Investors
- Prepare partnership expense analysis and journal entries
- Record capital calls and distributions in Carlyle systems
- Prepare cash on hand analysis
- Prepare fund-level financial statements on a quarterly basis
- Perform reconciliations of accounts presented in the fund-level financial statements
- Prepare reports as needed from Carlyle information systems
- Monitor and reconcile cash accounts for capital calls and distributions
- Assist in completing investment fundings and distributions to investors
Financial Reporting
- Perform a detailed review of investors' capital accounts
- Assist with the interim and year-end audit and prepare PBC schedules
- Review year-end tax reporting
- Record information into Carlyle's accounting system to produce financial reports and investors' capital account statements
- Work closely with Senior Accountants and other Staff Accountants on financial reporting and daily activities
Investor Correspondence
- Answer investors' questions regarding quarterly reports, transaction notices and statements
- Provide information on the coinvestment funds as requested
Work closely with other Carlyle departments
- Work with Operations and Treasury teams to verify records or coordinate transactions
- Compile and assist to analyze fund, investor, or portfolio company information as requested by various Carlyle teams
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.
Professional Experience
- 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 Washington, 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 to $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 Carlyle.
