Based in Los Angeles and reporting to the Chief Financial Officer (CFO), the Head of Corporate Accounting will be responsible for managing the corporate reporting function on a day-to-day basis. This includes accounting, reporting/filing and policy areas and working closely with Oaktree’s auditors and with Brookfield Asset Management, who is acquiring a majority stake in Oaktree (expected to close in the third quarter of 2019).
Specific responsibilities include:
- Leadership and Management: Day to day leadership of the accounting function. Talent management, including people development and recruiting, will be an important component of the role, as well as maintaining a client service and results oriented culture within the finance and accounting group.
- Financial Reporting: Oversee and direct internal and external reporting requirements including GAAP financial statements, SEC filings (Form 10K/10Q and others), IFRS reporting, creditor reporting, tax reporting, and any other public reporting or filing requirements.
- Accounting Policies: Interpret, develop, implement, and monitor accounting policies, processes, and procedures. Provide counsel on accounting related issues, disclosure obligations related to business transactions, and financial statements. Strong knowledge of GAAP and SOX is required and working knowledge of IFRS is an added plus. Understand exposure to accounting including Investments, Fair Value Measurements, and other Obligations, Accounting for Income Taxes, Derivatives/Hedging, Asset Impairments, and Equity Based Compensation. The ability to interface with external stakeholders including SEC, FASB, FINRA and other agencies.
- Compliance: Ensure compliance with all policies and requirements and provide accurate, timely, and useful management reports.
- Business Process Improvement and Technology: Play a key role in leading accounting process improvements, change initiatives, streamlining processes, developing metrics, and creating efficiencies within the department. Previous experience aiding in implementing ERP and consolidation systems would be helpful. Partner with Information Technology to ensure the technical infrastructure and consolidation processes supporting financial reporting are designed to meet key control objectives and operate effectively.
- Audit: Assist in the preparation of materials for management and audit committee meetings. Manage day-to-day interactions with external auditing firm. Work with auditors to bring efficiencies to the audit process.