About this opportunity
The Carlyle Group lists this Vice President, Carlyle AlpInvest Finance & Operations opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Carlyle AlpInvest's Finance & Operations team is seeking an experienced VP-level professional to support the Portfolio Finance business within AlpInvest. This Fund Management/Fund Controller role will work directly with investment professionals, Portfolio Management, Finance, Tax, Legal, and external parties to ensure AlpInvest's Portfolio Finance deals and funds are properly managed from funding to exit. The role will also partner closely with other members of the AlpInvest Operations team on daily operational functions across Primaries, Secondaries, and Co-Investment strategies.
This position requires strong accounting and finance experience, working knowledge of the private credit industry, sound organizational and analytical skills, and the ability to build rapport with investors, third-party administrators, and various stakeholders across the firm. The individual will take full ownership of assigned responsibilities and support the development of junior team members.
Responsibilities
Fund Management / Operations
Actively facilitate the deal close process for Portfolio Finance transactions, including liquidity analysis, due diligence, bank account setup, and other steps required in coordination with the deal team, legal, treasury, investor relations, and tax
Coordinate with investment team, legal/tax counsel, and middle office operations team to plan and execute fund and deal closings including legal entity structuring
Assist with the formation process for all new entities and prepare documentation needed for internal Legal Entity approval; coordinate establishment of tax documentation (W8, W9) for all entities
Coordinate liquidity management with the portfolio management and treasury team, including fund-specific liquidity forecasts, credit facility usage and repayment, capital calls, and distributions
Oversee borrowing/repayment requests and compliance reporting across multiple credit facilities
Support investment and trade capture and activity processing in systems of record
Monitor legal compliance with various fund agreements and side letter arrangements
Coordinate with Investor Relations on the closing of newly admitted LPs and assist with diligence requests
Review of revenue projection models and budgeting and re-forecasting files
Assist in budget and revenue forecasting for FP&A
Broadly support the team in building more efficient processes across functions and sufficiently documenting procedures and policies
Assist in strategic initiatives related to technology and process enhancements
Fund Accounting / Financial Reporting / Investor Reporting
Review quarterly fund closes based on data received from the TPA, including review of related support for all balance sheet and income statement accounts
Review of accrued and realized carry calculations from the TPA
Review of capital allocations and capital statements prepared by TPA
Review of financial statements and related footnotes
Facilitate the preparation and review of investor communications including quarterly reporting, annual meeting materials, LPAC meeting materials, and marketing-related schedules and exhibits
Maintain fund gross and net models for all reporting needs, including fund performance summaries used by stakeholders across the firm
Coordinate interim and year-end audit requests and address questions from external auditors including coordination for SOX and SOC1 testing
Ad hoc investor requests for ongoing reporting as well as due diligence materials
Assist with SMA reporting requirements
Valuation
Review and support the valuation team in the annual/quarterly valuation process, including maintaining joint venture model waterfalls
Responsible for preparation of valuation committee materials as well as approval by valuation committee
Assist with year-end audit with respect to valuation-related audit questions and requests
Management Company Reporting
Coordinate corporate deliverables and disclosures for firm's public company reporting
Review monthly management fee, expense accruals, and quarterly budget analysis as it relates to respective funds
Manage the monthly working capital review and quarterly billing of expense reimbursements and management fees with Corporate Accounting
Tax Reporting
Coordinate with in-house and external tax teams on annual review of tax workbooks detailing book to tax differences, tax returns, partner K-1s, and state and local tax allocations
Requirements
Education & Certificates
Concentration in Finance or Accounting, preferred
CPA preferred
Professional Experience
10+ years of experience in Financial Services
Experience with Private Equity and Fund of Funds structures a plus
Experience working with third party administrators a plus
Experience with fund accounting and Investran a plus
Experience in alternatives; familiar with fund accounting/GP/LP structures
Knowledge of U.S. GAAP with an emphasis on accounting for both closed/open ended fund structures
Advanced skills with Microsoft Office suite
The compensation range for this role is specific to New York 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 $180,000 to $200,000.
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.
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.