Accounting Policy, Vice President
Carlyle Investment Management, LLC

Job Info

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Position Summary

Position Summary:
This position assists the Head of Accounting Policy and Consolidation with the technical accounting policy function for the Carlyle organization. The role is accountable to ensure the timely identification and resolution of accounting issues associated with Carlyle's on-going business operations, as well as significant business and strategic transactions and acquisitions. This position will also work with the SEC reporting team on the appropriate financial statement disclosure requirements, the FP&A team on the internal management reporting, the Corporate Development team on acquisitions and other strategic transactions, and the Corporate Accounting team to ensure such events and transactions are properly recorded in the general ledger.

This role requires strong leadership and communication skills in order to establish trusted relationships across many Carlyle departments (Global Corporate Accounting, Partnership Accounting, Legal, Tax, Human Capital Management, Fund Management, Corporate Development, GTS) to identify issues, analyze current processes, and implement future changes.

Key Duties/Responsibilities

Key Accountabilities/Responsibilities:

• This position requires a deep understanding of Carlyle's financial statements and technical accounting standards, as it is a primary internal accounting expert at Carlyle, responsible for identifying and resolving technical accounting issues that arise during Carlyle's normal business operations as well as Carlyle's non-recurring strategic business transactions.
• Serves as the GAAP accounting liaison for other business functions at Carlyle, including but not limited to: Partnership Accounting (fund-level accounting function), Tax, Legal, Human Capital Management, Fund Management, Treasury, GTS, and Corporate Development
• Typical accounting areas of focus include: consolidation accounting, fair value, stock-based compensation, acquisition accounting, non-controlling interests, income taxes, revenue recognition, earnings per share, and non-GAAP / segment reporting
• In accounting areas where additional guidance or consensus is necessary from regulators, prepare a pre-clearance letter and work with the Head of Accounting Policy and Consolidation, Corporate Controller, CAO and our auditors to coordinate filing and discussions with the SEC
• Research guidance and prepare accounting analyses, and work with external auditors to gain concurrence on Carlyle's accounting conclusions
• Participates in the due diligence process with Carlyle's Corporate Development group as Carlyle's accounting representative to identify key accounting issues associated with potential acquisitions, including identification of accounting operational issues associated with integration of the accounting function.
• Directs the accounting policy function to monitor emerging accounting guidance from standard setters, to understand the implications of such guidance on Carlyle's existing accounting and reporting, and to proactively communicate potential impacts to the Head of Accounting Policy and Consolidation, Corporate Controller, CAO, CFO, and other financial reporting stakeholders.
• Coordinate with other Carlyle departments to ensure the effective adoption of new accounting pronouncements. Ensure that new accounting processes and procedures necessary for such adoption are put into place and contain the appropriate level of internal controls.
• Prepare Carlyle accounting policies as needed, and supervise the communication and education of such policies to Carlyle's accounting teams.
• Document accounting policy positions and judgments for significant transactions in a memo.
• Ensure internal control compliance (SOX 404) over Carlyle's accounting policy function.
• Review quarterly SEC filings to ensure that key accounting transactions are properly reported and disclosed.
• Monitoring of accounting policy and financial reporting trends within the asset management industry, including liaising with counterparts at other firms within the industry.

This position will also be responsible for any other duties as assigned by the Head of Accounting Policy and Consolidation, Corporate Controller, or CAO.

Qualifications

Education & Certificates

• Bachelors in Accounting or Finance, required
• CPA, preferred

Professional Experience

• Minimum of 12 years of professional experience in public accounting, a technical accounting policy function, and/or SEC reporting, required
• Experience with applying accounting guidance related to the following topics: consolidation, fair value, stock-based compensation, acquisition accounting, income taxes
• Knowledge of SEC financial reporting rules and regulations for periodic reporting (10-K, 10-Qs) and other areas (Rule 3-05, Rule 3-09, etc.)
• Experience with internal control compliance (SOX 404)
• Prior experience in Big 4 or other large public accounting firm
• Background in the financial services industry a plus
• Knowledge of partnerships and the alternative asset industry a plus
• In-depth knowledge of US GAAP and proficiency in technical accounting research, analysis, and documentation

Competencies & Attributes

• Demonstrated leadership abilities and strong managerial and project management skills
• Strong written and oral communication skills, with the ability to effectively articulate accounting guidance and rules to executives without accounting backgrounds and the ability to draft technical accounting memos.
• Demonstrated ability to effectively manage organizational change and cross-collaborate with non-accounting functions
• Highly organized and efficient - must be able to process a large volume of information and manage competing priorities with effective delegation
• Ability to operate under pressure and manage to strict deadlines

Company Information

Company Profile:
The Carlyle Group (NASDAQ: CG) is a global investment firm with $276 billion of assets under management and more than half of the AUM managed by women, across 415 investment vehicles as of June 30, 2021. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 1,800 professionals operating in 27 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. As our Chief Executive Officer, Kewsong Lee, stated, "We seek to attract individuals from a broad set of backgrounds and experiences because we know that diverse teams ask better questions and inclusive teams find better answers. Our diverse and inclusive community makes us better partners and ultimately, helps us to build better."

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