2-Year Staff Accountant

The Carlyle Group; Washington (District of Columbia); On-site; USD 75,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented Staff Accountant to join their Partnership Accounting team. This exciting two-year role involves processing accounting transactions, managing investor correspondence, and collaborating across departments to ensure accurate financial reporting. The ideal candidate will possess a solid understanding of accounting principles, strong analytical skills, and excellent communication abilities. This opportunity offers a competitive salary and a comprehensive benefits package, making it an excellent step in your accounting career.

Benefits

Health Insurance

Retirement Benefits

Paid Time Off

Paid Holidays

Family Planning Benefits

Wellness Programs

Annual Discretionary Incentive Program

Qualifications

• Bachelor's Degree with GPA of 3.0 or above required.
• Strong educational background in accounting and knowledge of GAAP.

Responsibilities

• Assist in managing capital calls and distribution notices to investors.
• Prepare detailed partnership expense analyses and maintain records.

Skills

GAAP Knowledge

Microsoft Office

Analytical Skills

Communication Skills

Detail-oriented

Education

Bachelor's Degree in Accounting

CPA Candidate

Tools

Carlyle Financial Systems

Job description

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Company Profile:
The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 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 believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.

Position Summary:
The Partnership Accounting - Operations team is responsible for the accounting operations of the funds within Carlyle's various segments. The Staff Accountant would generally be responsible for processing accounting transactions, 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 Responsibilities:
Fund Operations (60% of Time):

• Capital Transaction Management: Assist in the management and execution of capital calls and distribution notices to investors, ensuring accurate and timely communication.
• Financial Reporting and Analysis: Prepare detailed partnership expense analyses and corresponding journal entries. Maintain meticulous records of capital calls and distributions within Carlyle systems.
• Cash Management: Conduct cash on hand analyses and closely monitor and reconcile cash accounts to ensure accuracy and compliance with financial policies.
• Account Reconciliation: Perform thorough reconciliations of balance sheet accounts presented in the fund-level financial statements, identifying discrepancies and initiating corrective measures.
• Trial Balance and Reporting: Prepare fund-level trial balances and generate custom reports from Carlyle information systems to support financial analysis and decision-making.
• Investment Transaction Support: Assist in the execution and completion of investment fundings and distributions, coordinating closely with internal teams to ensure seamless transaction flows.

Investor Correspondence (30% of Time):

• Investor Relations and Support: Act as a point of contact for investors' inquiries related to quarterly reports, transaction notices, and statements. Provide timely and accurate information to enhance investor understanding and satisfaction.
• Information Provision: Respond to requests for information on various funds, preparing detailed and informative responses that reflect a deep understanding of fund operations and investor needs.

Cross-functional Collaboration (10% of Time):

• Interdepartmental Support: Collaborate with stakeholders to verify and coordinate transactions, ensuring that all data is accurate.
• Data Compilation and Analysis: Assist in compiling and analyzing data related to funds, investors, or portfolio companies as requested by different Carlyle teams, contributing to comprehensive business analysis and strategic planning.

General Responsibilities:

• Continuous Learning: Engage in ongoing professional development to stay updated on industry practices and software advancements relevant to fund accounting.
• Quality Control and Compliance: Ensure all financial documentation complies with organizational standards and regulatory requirements, maintaining a high standard of accuracy and reliability in financial reporting.

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.
• CPA Candidate preferred.

Professional Experience

• Strong educational background in accounting
• Knowledge of GAAP
• Knowledge of private equity industry
• Functional knowledge of Microsoft Office.
• 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
• 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 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 - $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 The Carlyle Group.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

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