Basic information

Job Name:

Senior Accountant, AlpInvest Regulated Funds

Location:

New York/OVA

Line of Business:

Investment Solutions

Job Function:

Investor Services

Date:

Thursday, February 8, 2024

Position Summary

Department Description

AlpInvest is a leading global private equity investor with over $72 billion of assets under management as per September 30, 2023. Approximately 75% of these funds are invested in private equity funds globally, including secondary transactions, with the remainder invested directly in companies as a co-investor (equity and mezzanine) in Europe, North America and non-traditional markets. The company has approximately 220 employees based primarily in Amsterdam, New York and Hong Kong. AlpInvest is part of The Carlyle Group.

Position Summary

This individual will support all functions for AlpInvest regulated product(s). This person will assist with day-to-day operations, financial reporting, and vendor management, among other responsibilities necessary to ensure smooth operations and reporting for regulated products on the AlpInvest Platform.

This person will report to the Controller of Regulated Investment Companies at AlpInvest. They will be collaborating across multiple teams within AlpInvest, but also with colleagues in Global Credit that focus on regulated and SICAV products.

Responsibilities

Primary Responsibilities

Key job functions include:

• Fund Operations:
  • Partner with front office teams and the TPA in the execution of activities including;
  • Ongoing portfolio management and valuation support
  • Capital activity
  • Expense processing/management
  • Investor reporting and requests
  • Working with internal/external tax teams to implement tax structures and complete year end compliance activities
  • Coordinate with back-office accounting groups and fund administrators to streamline internal reporting for NAV calculation
• Regulated Investment Company Reporting
  • Assist in the financial reporting processes performed by TPA incorporating reconciliation of internal books and records

• Interface with auditors in all quarterly review and audit coordination and completion as well as for the SOX assessment
• Review the tie-out of financial statements and assist in implementation of new accounting requirements with auditors and TPA

• • Ensure fund financials reflect the latest accounting guidance and disclosure requirements
  • Manage Credit Facility reporting and compliance
  • Interact with internal committee on subject's pertaining to Valuation, financial statements, regulatory filings, Board Meetings and Earnings Prep/Call
• Vendor Management:
  • Review vendor service agreements and fee letters
  • Coordinate loan reporting with the fund Sub-adviser
  • Interact with third-party vendors for various service functions including fund administration, custody, transfer agency, loans servicing and credit facilities
• Strategic Finance:

• Assist in a wide variety of projects as reasonably assigned including,

• • • Treasury activities
    • Public financing
    • Stock repurchases

Qualifications

Requirements

Education & Certificates

• Bachelor's degree in Accounting
• CPA preferred

Professional Experience

• 2-3 years related experience required
• Big 4 accounting firm background a plus
• Registered Investment Company experience preferred
• Knowledge of closed-end and regulated investment funds and US GAAP/SEC reporting requirements

Competencies & Attributes

• Proficient in Microsoft Word, PowerPoint and Excel
• Knowledge of advanced features in excel (e.g. Macros, V-look ups) a plus
• Attention to detail
• Self-starter
• Time management/prioritization
• Interpersonal skills and a team player
• Organizational skills
• Planning skills

Benefits/Compensation

The compensation range for this role is specific to New York City 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 $125,000.

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.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $382 billion of assets under management and more than half of the AUM managed by women, across 600 investment vehicles as of September 30, 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, 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.