The Carlyle Group
2-Year Staff Accountant
The Carlyle Group, Washington, District of Columbia, us, 20022
Company ProfileThe 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.Position SummaryThe 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.
Primary ResponsibilitiesFund OperationsAssist with sending capital call and distribution notices to InvestorsPrepare partnership expense analysis and journal entriesRecord capital calls and distributions in Carlyle systemsPrepare cash on hand analysisPrepare fund-level financial statements on a quarterly basisPerform reconciliations of accounts presented in the fund-level financial statementsPrepare reports as needed from Carlyle information systemsMonitor and reconcile cash accounts for capital calls and distributionsAssist in completing investment fundings and distributions to investors
Financial ReportingPerform a detailed review of investors' capital accountsAssist with the interim and year-end audit and prepare PBC schedulesReview year-end tax reportingRecord information into Carlyle's accounting system to produce financial reports and investors' capital account statementsWork closely with Senior Accountants and other Staff Accountants on financial reporting and daily activities
Investor CorrespondenceAnswer investors' questions regarding quarterly reports, transaction notices and statementsProvide information on the coinvestment funds as requested
Work closely with other Carlyle departmentsWork with Operations and Treasury teams to verify records or coordinate transactionsCompile and assist to analyze fund, investor, or portfolio company information as requested by various Carlyle teams
RequirementsEducation & CertificatesBachelor'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 ExperienceStrong educational background in accounting, knowledge of GAAP, knowledge of private equity industry, functional knowledge of Microsoft Office.Competencies & AttributesStrong team player with a positive attitude, detail-oriented and organizedAble to work under pressure and meet reporting deadlinesSolid computer and financial systems skillsAttention to detailStrong communication skillsCapable of working independently and in groupsProficiency 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.
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Primary ResponsibilitiesFund OperationsAssist with sending capital call and distribution notices to InvestorsPrepare partnership expense analysis and journal entriesRecord capital calls and distributions in Carlyle systemsPrepare cash on hand analysisPrepare fund-level financial statements on a quarterly basisPerform reconciliations of accounts presented in the fund-level financial statementsPrepare reports as needed from Carlyle information systemsMonitor and reconcile cash accounts for capital calls and distributionsAssist in completing investment fundings and distributions to investors
Financial ReportingPerform a detailed review of investors' capital accountsAssist with the interim and year-end audit and prepare PBC schedulesReview year-end tax reportingRecord information into Carlyle's accounting system to produce financial reports and investors' capital account statementsWork closely with Senior Accountants and other Staff Accountants on financial reporting and daily activities
Investor CorrespondenceAnswer investors' questions regarding quarterly reports, transaction notices and statementsProvide information on the coinvestment funds as requested
Work closely with other Carlyle departmentsWork with Operations and Treasury teams to verify records or coordinate transactionsCompile and assist to analyze fund, investor, or portfolio company information as requested by various Carlyle teams
RequirementsEducation & CertificatesBachelor'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 ExperienceStrong educational background in accounting, knowledge of GAAP, knowledge of private equity industry, functional knowledge of Microsoft Office.Competencies & AttributesStrong team player with a positive attitude, detail-oriented and organizedAble to work under pressure and meet reporting deadlinesSolid computer and financial systems skillsAttention to detailStrong communication skillsCapable of working independently and in groupsProficiency 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.
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