Oaktree Capital Management

Senior Accounting Manager, Audit Coordination

US-CA-Los Angeles
Job ID
2017-1407
Job Department
Accounting

Company Overview

Oaktree is a leader among global investment managers specializing in alternative investments, with $99 billion in assets under management as of June 30, 2017. 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 900 employees and offices in 18 cities worldwide.

Responsibilities

The Senior Accounting Manager will report to the Closed-End Fund Accounting AVP and will be responsible for accounting and internal control policies applicable to 90+ Closed-End Funds.  Additionally, the Senior Accounting Manager will liaise with the internal and external auditors to assist with corporate SOX and SOC-1 coordination as well as accounting policy and internal control-related aspects of the Closed-End Funds’ financial statement audits.

 

Responsibilities

 

  • Analyze new accounting rules applicable to the Closed-End Funds and liaise with internal parties to efficiently implement and maintain U.S. GAAP-compliant accounting policies.
  • Assist Closed-End Fund Accounting team in drafting financial statement disclosure language.
  • Create, implement and maintain internal controls over financial reporting and operational controls, policies and procedures.
  • Lead coordination of SOX and SOC-1 control testing, including responsibility over auditor requests, control narrative documentation and walkthrough presentations, as well as evaluation of control deficiencies and development of remediation action plans as necessary.
  • Serve as key contact for internal clients and external auditors regarding the Closed-End Fund Accounting department’s control environment.
  • Assist with the financial statement audit coordination, including matters regarding financial reporting and accounting policy.
  • Perform other tasks and ad hoc projects as required.

Qualifications

  • Minimum 6 years public accounting experience, preferably in the financial services industry.
  • Strong knowledge of closed-end private investment funds, investment company accounting and partnership accounting.
  • Demonstrated skills to research, select and apply relevant U.S. GAAP accounting guidance.
  • Extensive work experience with SOX and/or SOC-1 compliance audits.
  • Excellent judgment and analytical skills – proven ability to communicate proactively, analyze issues and reach well considered conclusions under tight time constraints.
  • Proficiency with MS Office Excel as well as other financial applications.

Personal Attributes

  • Relationship Building; works effectively with strong, diverse teams of people with multiple perspectives, talents, and backgrounds. Ability to elicit cooperation from and gain the confidence of a wide variety of participants including other departments and third-party service providers.
  • Communication; excellent interpersonal and verbal/written communication skills.
  • Independence & Collaboration; proficient at working both independently and in a team-oriented, collaborative environment; able to drive work effectively with limited supervision (at times) with high attention-to-detail.
  • Flexibility & Organization; adapt to shifting priorities, demands and timelines through analytical and problem-solving capabilities; proven ability to multi-task and efficiently manage time across competing demands; able to effectively prioritize, execute tasks, and thrive in a high-pressure, fast-paced environment.
  • Driving Results; drives issues to closure; is a self-starter committed to achieving results and has a strong sense of ownership and follow-through.

Education

A Bachelor’s degree in Accounting, Finance or related field is required. A CPA is highly desired.

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