Oaktree Capital Management

Assistant Vice President, Closed-end Fund Accounting

US-CA-Los Angeles
Job ID
2017-1428
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 Assistant Vice President Expense Allocation Group (EAG) will report to the EAG Senior Vice President and will assist the SVP with management of the EAG, which is a sub-department of the Closed-end Fund Accounting group, and oversight of governance and business processes for fund expense allocation. The AVP will propose recommendations to and facilitate the documentation and implementation of decisions taken by the Oaktree Expense Allocation Governance Committee (EAGC), which is a forum for cross-departmental input represented by stakeholders across Oaktree’s Accounting, Legal, Compliance, Corporate, Internal Audit, and Accounts Payable departments. The AVP will assist in the review, update and application of Oaktree’s Fund Expense Operating Guidelines (Operating Guidelines) and the expense disclosure in the governing documents of our funds.

 

Additional responsibilities will include:

  • Administration of employee time tracking and internal cost allocation policies and procedures, including the design and operating functionality of our proprietary time tracking system and internal expense allocation and billing process.
  • Implementation of procedures and report form and content for presentations of internal expense allocations to internal and external stakeholders.  
  • Oversight of our third-party fund expense allocation policies and procedures, including the documentation and application of our third-party expense allocation methodology, usage of fund expense allocation software system, and management of the third-party fund expense billing process.
  • Update business processes and related documentation on a regular basis to support fund expense allocation governance and internal control requirements.
  • Ensure adherence to SOX and internal control standards while maintaining the Operating Guidelines and supporting procedures.
  • Identify and implement best practices and documentation standards consulting with legal, compliance, internal audit, internal controls, external auditors and consultants.
  • Identify opportunities for system design or process improvements as well as new technology to enhance the efficiency and effectiveness of our expense allocation process.
  • Provide regular communications and address internal and external questions regarding the Operating Guidelines and processes, and take the lead on ad hoc projects and other tasks as required.

Qualifications

  • Minimum 8-10 years’ experience, preferably within the financial services industry.
  • Experience managing a team.
  • Extensive knowledge of internal control policies and procedures.
  • An interest in building and refining detailed operating processes.
  • Exposure to accounts payable or expense allocation processes desirable but not required.
  • Proficiency in Microsoft Excel as well as other financial applications.

Personal Attributes

  • Excellent verbal and written communication skills, outstanding initiative, an eagerness to learn, a keen attention to detail and a strong work ethic.
  • Ability to build and work on a team and develop and leverage relationships on the team and with other departments.
  • Self-starter able to operate independently with a high level of judgement, integrity and professionalism.

Education

A Bachelor’s degree required, preferably in Accounting, Finance or related filed.

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