Expense Accounting & Power BI, Manager

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in more than 25 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/

Scope and Responsibilities

The Manager will be responsible for executing and supporting operational activities within Internal Allocations and will have a strong understanding of the processes, documentation, deal closely with internal and external stakeholders. The role requires consistent collaboration with the Fund Accounting, Corporate Accounting, Corporate Finance, Legal, and Compliance teams, along with clear communication and a proactive leadership style.

Time Allocation Framework & Governance
•    Manage the firm’s internal time allocation methodology across funds, co-invest vehicles, and management entities.
•    Ensure allocations are consistent with LP agreements, side letters, regulatory requirements, and internal policy.
•    Review and enhance allocation methodologies for accuracy, fairness, and defensibility.
•    Maintain documentation supporting allocation assumptions and calculation logic.
Data Management & Analysis
•    Oversee collection, validation, and reconciliation of time-reporting data.
•    Monitor the shared team inbox for new requests and action items and respond in a timely manner.
•    Address daily operational issues, identify root causes, and escalate critical issues in a timely manner.
•    Liaise with department heads to ensure timely submission and approval of time entries for accurate accrual reporting.
•    Analyze allocation trends, variances, and anomalies.
•    Perform scenario modeling and sensitivity analysis related to staffing changes, fund lifecycle transitions, and new product launches.
•    Partner with the Human Resources and Accounting teams to reconcile allocated personnel costs to payroll and general ledger.
Allocation Model Ownership
•    Build, maintain, and optimize complex Excel-based allocation models.
•    Develop scalable, auditable models with clear logic and controls.
•    Identify areas where automation is appropriate.
•    Partner with Technology to develop and enhance dashboards showcasing allocation methodologies.
•    Ensure version control and model governance best practices.
Reporting & Stakeholder Communication
•    Prepare allocation summaries and supporting analysis for senior leadership.
•    Support fund accounting, FP&A, and related to personnel cost allocations.
•    Partner with Compliance and Legal to address audit or regulatory requests.
•    Present findings clearly to both financial and non-financial stakeholders.
Process Improvement & Controls
•    Identify and implement process efficiencies to reduce manual intervention and operational risk.
•    Design and maintain control procedures around data inputs and model outputs.
•    Work closely with IT to support system enhancements or potential migration from Excel-based tools to more automated platforms.

Experience Required

•    8–10 years of relevant experience within an asset management firm, investment bank, or other financial services organization.
•    Strong attention to detail, critical thinking, and analytical skills, with the ability to independently research issues and propose effective solutions.

Personal Attributes

•    Excellent interpersonal, verbal, and written communication skills.
•    Self-starter with strong initiative and a proven ability to work independently with minimal supervision.
•    Demonstrated ability to prioritize and manage multiple competing tasks effectively.
•    Proficiency in Microsoft Office Suite, with advanced expertise in Excel, including data analysis, pivot tables, charts, and complex formulas.
•    Experience with Power BI or reporting dashboards is a plus.
•    Strong interpersonal skills with the ability to leverage firm-wide resources effectively and judiciously.
•    Team-oriented mindset with a high level of integrity and professionalism.
•    Ability to deliver high-quality work in a timely manner within a fast-paced environment.

Education

•    Bachelor’s degree is required, preferred in Accounting or Finance

EQUAL OPPORTUNITY EMPLOYMENT POLICY

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service,  marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment.

This policy applies to all Oaktree applicants, employees, clients, and contractors.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

For positions based in Los Angeles

For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.