2-Year Associate, Real Estate Credit

The Carlyle Group

New York, NY, USA

Posted on January 29, 2024

Position Summary

Carlyle’s Global Credit platform manages over $150 billion in assets across the risk return spectrum from liquid, to private credit, to real asset strategies. Since 1999, our platform has leveraged Carlyle’s global scale, network and industry expertise to offer borrowers creative, holistic capital structure solutions. We also work with investors to create value across a wide range of credit strategies. Carlyle’s Opportunistic Credit strategy (“CCOF”) seeks to provide highly structured, privately negotiated capital solutions across the capital structure in complex, misunderstood and overlooked situations attracting limited competition to primarily family, founder and management-owned businesses, but also sponsor-backed companies in times of dislocation. As of September 30, 2023, Carlyle’s Opportunistic Credit strategy has approximately $12.5 billion of assets under management.

We seek to hire an Associate to join our Real Estate Credit division. The Associate will be responsible for helping to analyze and execute on a wide variety of investment opportunities in Real Estate Credit. The Associate will be fully involved in all aspects of the investment process, particularly the financial modeling, market research, responding to investor inquiries, monitoring existing investments and preparation of investment committee memorandums.

Responsibilities

The 2-Year Associate will be a key member of the Real Estate Credit team and will work closely with the senior investment professionals. Key job functions include:

Collaborate on a small deal team to analyze and execute real estate credit investments;
Communicate with and report to all levels, from Senior Associates to Managing Directors;
Perform extensive financial modeling for single asset deals and portfolios,, including scenario and sensitivity analyses, development of sources and uses, discounted cash flows, promoted and carried interests, and debt and or pref equity financing structures;
Summarize investment process, policies and procedures;
Develop and maintain research on certain geographic markets, property types and/or sectors;
Participate in all aspects of investment transactions, as requested by team members:
- Draft investment committee memos
- Engage consultants to conduct due diligence, including environmental and physical studies, insurance, property tax research. Review materials as needed and communicate summaries to the team and incorporate findings into the models
- Complete closing statements
- Monitor, report and asset manage existing investments
- Coordinate with internal teams to send out wires and complete all compliance related documentation to effectuate a transaction
- Interact with borrowers, attorneys, consultants and various deal participants
- Travel to visit potential investments, as needed

Qualifications

3 – 5 years of relevant experience in Real Estate, Finance, or Investing
Expertise in Excel and the overall financial valuation and modeling process
Functional knowledge of Argus
Solid understanding of and ability to model property-level cash flows as well as capital structures, including senior debt, mezzanine debt, preferred equity, and common equity
Talent for managing multiple projects simultaneously
Ability to quickly and efficiently perform tasks, maintaining a focus on details
Ability to perform market analysis, including rent and sales comparable studies, “on the ground” market tours, meetings with brokers and market experts
Ability to assess qualitative and quantitative characteristics of properties and/or investments
Ability to summarize thoughts into a concise manner and effectively communicate (written and verbal) both internally and externally (changes in a model, financial metrics, investment thesis)
Should have relevant transactional experience in real estate investments
Position-specific Technical Requirements
Highly ethical
Team oriented, with consistent drive to maximize value-add to both group and across firm
Keen sense of accountability, responsiveness, and follow-through
Strong analytical ability
Ability to handle projects with minimal training or oversight
Excellent organizational skills
Highly adaptable, with flexibility on depth and breadth of role and responsibilities

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 $150,000.

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.

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.