Manager, Management Entity Accounting

Basic information

Job Name:

Manager, Management Entity Accounting

Location:

Washington, DC

Line of Business:

Finance

Job Function:

Investor Services

Date:

Tuesday, April 9, 2024

Position Summary

The manager is responsible for the accounting and financial reporting as it relates to the management entity. Position requires (1) experience in a large and growing global firm, (2) ability to adapt to a fast growing environment and to solve complex issues, (3) skill in managing and motivating a team, (4) aptitude in interpreting complex agreements and determining applicable accounting treatment, (5) a strong understanding of accounting information systems, which includes envisioning/sponsoring incremental improvements in functionality, (6) solid organizational and analytical skills, and (7) ability to develop and build relationships across departments and with all levels.

The manager is responsible for the day-to-day activities of the team, including time management, delegation, deadlines, and deliverables, as well as anticipating and managing issues as they arise. The manager is responsible for (1) overseeing the financial close process, (2) assisting in managing the working capital balances, which includes review for proper coding, fundraising updates, and assessing for reserves, (3) ensuring adherence to firm policies, SOX controls, and applicable contractual agreements, (4) overseeing internal and external audit requests and walkthroughs, (5) explaining budget variances and participating in forecast preparation, (6) support the cost allocation process and the Working Capital Quarterly Review.

The manager is also responsible for ad hoc and on-going projects, which include (1) managing and reviewing ad-hoc information requests, (2) leading various projects that are vital to fund or management entity operations, (3) developing training materials, (4) creating efficiencies through process improvement and technology.

Responsibilities

Daily and Monthly Activities

• Conduct planning sessions with the team to ensure tasks are delegated to the appropriate resources and resources are used to their fullest capabilities and capacity. Conduct regular status updates with the team to ensure delays are mitigated and escalated when necessary.
• Anticipate and manage issues as they arise, use judgement in determining course of action, and closely communicate with stakeholders to fulfil dependencies.
• Oversee the financial close process to ensure all deadlines are met and the results are free from any material misstatement.
• Prepare and review monthly and quarterly reports.
• Review and approve transactional activity 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.
• Oversee the billing cycle to ensure fees are billed timely and in accordance with policy.
• Manage, review, and approve the billing of all fees, including management fees, portfolio fees, transaction fees, and funding fees, and ensure adherence to applicable agreements and invoices are issued timely.
• Improve firm working capital and produce cash flow by partnering with Fund Management and Partnership Accounting.
• Ensure necessary reserves are recorded.
• Enforce adherence to firm policies, SOX controls, partnership agreements, service agreements (i.e. monitoring agreements) and any other applicable controls or agreements.

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.
• Liaison for legal and external reviewers, such as investors, governmental agencies or other third parties, to ensure review requests are delivered accurately, complete and timely. Respond to questions and open items.
• Research and explain departmental budget variances.
• Assist with the preparation and review of cost allocations, such as IT systems, and ensure costs are recoverable per the policy and charged to the appropriate entities.
• Assist with the preparation and review of the Working Capital Quarterly Review, including segment and sub-segment reports, which helps the firm and segment heads to identify opportunities to further improve the firm's cash flow.

Special Projects

• Manage and deliver ad hoc reporting requests.
• Lead efforts to address and resolve issues that require significant research and collaboration with various teams.
• Assist AVP, PA and FM in reviewing new transactions and arrangements to determine proper accounting treatment.
• Other Functions
• Lead goal setting sessions with team members, provide regular mentoring, feedback, and perform performance reviews.
• Develop inter and intra departmental training materials and facilitate training of new and existing employees on policies and processes.
• Develop and document 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
• CPA candidate preferred.

Professional Experience

• 5+ years of accounting experience in accounting roles with a developed knowledge of GAAP, required
• Knowledge of private equity industry, preferred.
• Experience with global operations.
• Ability to adapt to a fast growing environment and to solve complex issues.
• Experience managing the day to day activities of a team, as well as performance evaluations and feedback.
• Ability to interpret complex agreements, including but not limited to service agreements and partnership agreements.
• Advanced knowledge of Microsoft Excel, functional knowledge of Microsoft Word and Outlook, and strong understanding of accounting information systems (project costing a plus)

Competencies & Attributes

• PeopleSoft experience preferred
• Excellent 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.