Manager, Open End Fund Accounting (SMA)

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/

Responsibilities

The Accounting Manager/Senior Manager will be responsible for maintaining the shadow books and records for open-end funds and separately managed accounts as well as reporting to internal groups at Oaktree including the PMs of the fund.

Responsibilities will include:

• Preparing and maintaining the books and records of open-ended commingled funds, separately managed accounts and Luxembourg SICAVs;
• Overseeing the daily NAV, cash and position reconciliation process for an open-ended fund
• Oversee the work of junior team members, including reviewing their work and providing on the job training
• Support cash break resolution
• Support position/asset break resolution
• Reviewing management fees prepared by the fund administrator or junior team members, as appropriate
• Assess and process journal entries for the accrual of expenses
• Recording and reconciling of purchase and sale transactions;
• Recording capital activity as required
• Assist with the accounting and recording for complex corporate actions;
• Estimating and posting of monthly closing accruals;
• Preparation and review of financial statements
• Preparing quarterly corporate reporting, templates, etc. (4-pagers, FAS 157, SOI)
• Coordinating with funds and separately managed accounts’ independent auditors, custodians, and administrators;
• Assist in expense analysis, corporate expense reimbursement, expense cap tracking,
• Wire payment preparation and communication
• Preparing and/or assisting with the preparation of various ad-hoc requests from client services and the investment teams;
• Preparation of key inputs into compliance system for AIFMD Reporting and Form PF
• Assist in communication and setup of new funds on the various accounting, marketing, performance, and trading systems
• Assist in internal and external audit confirmation responses.
• Ensuring compliance with key financial reporting controls and ensuring that evidentiary matter is appropriately documented to comply with the requirements of Sarbanes-Oxley;
• Participating with fund-related efficiency and automation projects;
• Performing other tasks as required.

Qualifications

• Minimum 8 - 12 years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience;
• Strong knowledge of reconciliation and account analysis;
• Excellent understanding of accounting and the ability to apply relevant [investment company] accounting rules;
• Solid analytical skills and ability to understand and resolve complex problems;
• Proficiency in Microsoft Excel and Word;
• Experience with Geneva and/or Geneva World Investor accounting systems is a plus; and
• Experience with PowerBI, Alteryx, or other data analytical tools is a plus.

Personal Attributes

• Self-motivated with strong attention to detail and excellent work ethic;
• Great organizational skills and is able to prioritize and handle complicated work efficiently and effectively;     
• Takes initiative to ask questions and detect problems;
• Strong written and verbal communication skills with the ability to work effectively both individually and as a team; and
• Ability to understand and resolve complex problems.

Education

Bachelor’s degree in Accounting or Finance. CPA a plus.

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.