Senior Manager Closed-end Fund Accounting

Job Description

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with $202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1,200 employees and offices in 23 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 our website at www.oaktreecapital.com

Scope And Responsibilities

The Manager will be responsible for supporting the European Principal and the European Private Debt Accounting and Financial Operations team.

The team is responsible for the coordination and communication of accounting related activity between Deal Teams in London, Tax, Legal, Product Specialists, Fund Accounting in other offices, outside service providers, banks and portfolio companies.

Given the team’s position with the wider European Strategy, stakeholders and responsibilities will be varied and dynamic. Some examples of the tasks the candidate will take responsibility for include:

• Cash planning and liquidity management – liaise with Deal Team to capture projected deal activities to forecast funds’ cash requirements and propose sources of liquidity.
• Support the maintenance of the monthly Commitments Tracking sheets for European Private Debt, which includes tracking fund level investment commitments used to allocate and approve new investments.
• Assist with the oversight of fund finance facilities, including subscription lines, NAV lines, margin loans etc.
• Prepare covenant compliance calculations for fund and portfolio company finance facilities
• Review investment level accounting reconciliations and flag any inconsistencies for further investigation.
• Assist in the capture and approval process of contractor invoices.
• Assist with fund modelling using actual and hypothetical cash flows and marks.
• Respond to ad hoc queries from the investment team, client services, and other internal stakeholders and external counterparties.
• Assist in the review of third-party administrator deliverables, including but not limited to management accounts, tax returns, statutory accounts, intercompany billings, and payroll for a wholly owned consulting company.
• Facilitate the ongoing fulfillment of Luxembourg depositary requirements, including providing depository with structure charts, executed agreements and other relevant documentation in addition to supporting the year-end depository verification process.
• Assisting with other projects as necessary.
  
  

Experience And Skills Required

• Minimum 5 years of relevant accounting or audit experience in public accounting and/or private industry;
• Knowledge of alternative investment funds, investment companies, transaction support, partnership accounting and the alternative asset management industry;
• Understanding of accounting and the ability to apply relevant investment company accounting rules;
• Experience of multi-jurisdictional structures, including Cayman, Luxembourg and other ‘off-shore’ jurisdictions
• Analytical skills and Advanced Microsoft Excel
  
  

Personal attributes

• Self-motivated with strong attention to detail and excellent work ethic;
• A growth mindset coupled with curiosity
• Takes initiative to ask questions and detect problems;
• Ability to build good working relationships and gain confidence of others;
• Great organizational skills and is able to handle work efficiently and effectively;
• Dedicated to learning and building an understanding in the Alternative Investment Space
• Strong written and verbal communication skills with the ability to work effectively within a team; and
• Ability to understand and communicate problems.
  
  

Education

Bachelor’s degree preferably in Accounting or Finance

ACA / CPA / ACCA / CA(SA) preferred

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.

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