Assistant Vice President, Deal and Cash Operations

Oaktree•Los Angeles, CA

27d

About The Position

The Assistant Vice President on the Deal and Cash Operations team is responsible for private deal investment accounting including recording deal activity, investment lifecycle events, investment proceeds, loan activity, and dispositions into Oaktree’s accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging. Scope and Responsibilities Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely and accurate entry into Oaktree’s accounting system Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in Oaktree’s accounting system timely and accurately Process deal lifecycle events from an investment accounting perspective by booking credit events, reorganizations, amendments, and exits in Oaktree’s accounting system timely and accurately Process and account for cash movements through complex legal entity structures, ensuring proper booking in Oaktree’s accounting system Work with various stakeholders to fund and close private deal transactions including cash positioning and funding deals within demanding timelines Coordinate with and respond to inquiries and requests from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties Stage FX orders to raise cash and to hedge currency risk Ensure cash availability for upcoming purchases, redemptions, and other transactions Forecast available cash balances Monitor for and prevent account overdrafts in various currencies Participate in cross-functional initiatives relating to the private deal workflow Manage resources, including developing new team members Establish SLAs with internal teams to ensure high success rates Establish KPIs to measure and continually improve processes Identify, measure, and mitigate process risk Address daily issues, understanding root causes, and implement process improvements Build effective working relationships with internal stakeholders Write effective procedures and train others when necessary

Requirements

9–11 years of relevant experience at an asset management firm, investment bank, or other financial services company
Investment Accounting and Operations experience with Alternative Investments including Private Credit, Real Assets, Syndicated Loans, Private Equity, and Asset-Backed Finance
Processing transactions, credit activity, and accounting entries in Advent Geneva and Global World Investor
Using Microsoft office suite of applications, with expertise in Excel including data analysis, pivot tables, charts, and formulas
Utilizing SharePoint, Power BI, SQL and VBA a plus
Track record of process improvement
Working with complex fund and deal entity structures
Collaborative, team-oriented individual with strong sense of integrity and professionalism
Must have outstanding initiative and be a self-starter
Demonstrate non-linear thinking and have excellent written, verbal, and interpersonal communication skills
Must be able to critically think and independently solve issues and participate in projects for improved efficiency and automation
Able to work under tight deadlines and high pressure
Ability to prioritize and manage multiple competing tasks
Strong verbal and written communication skills with ability to communicate in clear and concise manner
Strong quantitative and analytical skills
Strong attention to detail

Nice To Haves

A Certified Public Accountant (CPA) with private deal experience is strongly preferred.

Responsibilities

Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely and accurate entry into Oaktree’s accounting system
Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in Oaktree’s accounting system timely and accurately
Process deal lifecycle events from an investment accounting perspective by booking credit events, reorganizations, amendments, and exits in Oaktree’s accounting system timely and accurately
Process and account for cash movements through complex legal entity structures, ensuring proper booking in Oaktree’s accounting system
Work with various stakeholders to fund and close private deal transactions including cash positioning and funding deals within demanding timelines
Coordinate with and respond to inquiries and requests from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties
Stage FX orders to raise cash and to hedge currency risk
Ensure cash availability for upcoming purchases, redemptions, and other transactions
Forecast available cash balances
Monitor for and prevent account overdrafts in various currencies
Participate in cross-functional initiatives relating to the private deal workflow
Manage resources, including developing new team members
Establish SLAs with internal teams to ensure high success rates
Establish KPIs to measure and continually improve processes
Identify, measure, and mitigate process risk
Address daily issues, understanding root causes, and implement process improvements
Build effective working relationships with internal stakeholders
Write effective procedures and train others when necessary