Senior Manager, Luxembourg Tax

Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 1000 employees and offices in 18 cities worldwide.

For additional information please visit our website at www.oaktreecapital.com.

Scope and responsibilities

Reporting line: The individual will report directly to the Luxembourg Tax Vice President based in Luxembourg, and indirectly to Oaktree’s Co-head of Global Tax Structuring based in London.

Responsibilities include:

• Providing ongoing tax support and oversight of Oaktree’s European investments;

• Leading tax structuring advice preparation by external advisors (for new acquisitions, exits, restructurings and refinancing), balancing commercial views with tax and legal considerations which includes providing tax review comments with respect to tax structuring advice and transaction documentation related to European deals;

• Discussing tax issues identified on transactions with the relevant deal team and assisting them in understanding the tax impact of their decisions;

• Preparation of materials to facilitate senior level discussions on tax topics;

• Ensuring appropriate controls are maintained to manage tax risk, such as permanent establishment creation risk;

• Partnering with Investment Professionals, Luxembourg Fund Affiliate teams and external parties to develop and implement consistent tax positions across investments across different European countries;

• Provide training and guidance as needed to Investment Professionals and other business groups within Oaktree;

• Tracking and assessing ongoing tax developments across European jurisdictions that could impact key business areas and/or investment structures, and providing timely updates to Investment Professionals and the Oaktree Tax team;

• Develop understanding of US entity classification for investments holding structuring purposes; 

• Supporting the Oaktree Tax team with firm-wide and International Tax team specific goals and initiatives, and other ad hoc projects as required, and

• Developing and maintaining relevant industry contacts and manage relationships with third party tax advisors, accounting firms and law firms with a continued focus on identifying best in class service providers.

Personal attributes

The successful candidate should have / be:

• Strong integrity, work ethic, and professionalism;

• Proactive, curious, self- driven, hands-on, resourceful, disciplined, strong attention to details;

• Highly motivated individual who is comfortable managing tax structuring analysis with some senior support;

• Ability to work independently and to take on additional responsibilities yet be a team player who can produce deliverables of a high quality;

• Excellent communication skills (written and verbal);

• Ability to communicate with tax professionals on a technical level, summarize and explain technical tax issues to non-tax professionals in a commercial and meaningful manner;

• Excellent inter-personal, relationship-building skills and deals effectively with both internal and external stakeholders;

• Strong organizational and time management skills with ability to effectively multi-task and appropriately prioritize competing demands in a fluid environment, and

• Ability to travel (to the UK and US).

• Fluency in French, in addition to English, is a plus but not a requirement.

Education, Qualifications & Experience

• A Bachelor’s degree relevant to the position (a Master’s degree in Taxation is strongly preferred), or a professional accounting or tax qualification (such as ACA, ACCA, ATT or CTA)

• Minimum 5 + years of relevant Luxembourg (and ideally international) tax structuring experience, preferably combined experience in public accounting (ideally Big Four) or an international law firm and private industry with exposure to international / cross-border tax planning, compliance, and similar tax concepts

• Strong cross-border transactional experience is essential

• Good understanding of Luxembourg tax issues relevant to private equity style investment structures and double tax treaties is a must.

• Knowledge of general accounting principles and procedures, and

• Skilled in using Microsoft Office, tax, and other financial reporting tools / applications

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.