Staff Accountant
Carlyle Investment Management, LLC

Washington, District of Columbia

This job has expired.


Position Summary

This position is a member of the Carry Transactions & GP/ILP Reporting team responsible for carried interest transactions and maintaining the books/records for the Carlyle GP, ILP and Parent entities.

The Staff Accountant will prepare monthly and quarterly account reconciliations, enter or assist in the review of journal entries, treasury structures for cash movement, tax PBCs and tax return review, handle the end-to-end carry distribution processing and other analyses as directed. Further, the Staff Accountant will assist with quarterly and annual audits by responding to audit requests, preparing PBC deliverables, and assisting in walkthrough documentation. In addition, this position provides assistance on a wide variety of ad-hoc projects.

Key Duties/Responsibilities

Carried Interest Distributions:

  • Prepare analysis for various stages of the carry distribution process
  • Prepare distribution letters and supplemental documents
  • Prepare entries in Equity Management System ("EMS"), which feeds Investran 6.2
  • Prepare cash transfers using the PeopleSoft and Carlyle Distribution System
  • Ensure Distribution process complies with SOX requirements and key SOX controls
  • Reconcile cash at internal entities, resolve any transfer/voucher issues as they occur
  • Process carry reserve release distributions once a Fund crosses certain risk hurdles
Monthly/Quarterly Financial Reporting:
  • Prepare financial reporting schedules provided to Corporate Accounting for quarterly reporting of realized carried interest transactions as well as quarterly reporting of unrealized carried interest and restricted/unpaid cash
  • Assist with preparation and review of schedules compiled for quarterly Consolidation
  • Prepare reports and analysis for auditors and department managers to satisfy audit and reporting requirements
  • Prepare and assist with other financial reporting deliverables related to clawbacks
  • Reconciling to Fund Financials for quarterly Consolidated review
  • Reconciling cash accounts monthly
General Ledger Maintenance & Tax PBCs:
  • Prepare journal entries for cash and non-cash activities in the general ledgers for multiple entities
  • Reconcile investment, capital and cash ledger accounts
  • Prepare year-end general ledger closing and cash reconciliations
  • Assist the team with year end investment reconciliation to Fund Capital Account statements
  • Work with Internal Tax team, as well as external tax preparers in the preparation of Tax PBCs, and tax return review as it pertains to the GP, ILP and Parents entities
  • Assist with preparation of GP capital call structures
Ad Hoc Projects:
  • Assist with forecasting carry by participant for Senior Management reporting & Active Employee portal
  • Prepare reporting for participants to help with their tax reporting, cash reconciliation or answer general inquiries (on a periodic basis)
  • Assist in preparation of the distribution summary report provided to all carry participants for use in quarterly estimated tax payments
  • Assist in reconciling ILP account liabilities, which includes paying down expenses owed to CIM and processing state tax payments


Qualifications

Knowledge / Experience
  • 0-3 years relevant Accounting experience, required
Education and Certifications
  • Accounting or Finance related degree, required
  • Minimum 3.0 GPA, required
Position-Specific Technical Requirements
  • Highly skilled in MS Excel and Word
  • Knowledge of Oracle PeopleSoft and/or Sungard Investran a plus
  • Organized and efficient approach to record keeping
  • Strong interpersonal, organizational, and communication skills
  • Ability to multi-task in a fast-paced environment
  • Ability to maintain confidentiality of all sensitive issues
  • Strong attention to detail and time management


Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $260 billion of assets under management and more than half of the AUM managed by women, across 437 investment vehicles as of March 31, 2021. 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.
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. As our Chief Executive Officer, Kewsong Lee, stated, "We seek to attract individuals from a broad set of backgrounds and experiences because we know that diverse teams ask better questions and inclusive teams find better answers. Our diverse and inclusive community makes us better partners and ultimately, helps us to build better."


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