Vice President, Closed-end Fund Accounting

Oaktree Capital Management•Los Angeles, CA

About The Position

Oaktree is a leader among global investment managers specializing in alternative investments, with over $200 billion in assets under management. 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 1400 employees and offices in 25 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 . The Vice President will be responsible for supervising Accounting Managers in their daily responsibilities of maintaining the books and records for several closed-end funds and separate accounts within the Private Equity Strategies. Additional responsibilities will include: Overseeing the monthly closing process for the portfolios; this includes pricing, reconciling portfolio data, and calculating management fees and the accrual of expenses; Reviewing quarterly and annual financial statements prepared in accordance with U.S. GAAP; Ensuring compliance with key financial reporting controls and ensuring that evidentiary matter is appropriately documented to comply with the requirements of Sarbanes-Oxley; Ad hoc assistance in the research of technical guidance and implementation of new accounting pronouncements; Reviewing calculations of fund and client specific performance; Reviewing consolidated fund information within the strategy; and Reviewing and/or assisting in the preparation of a variety of ad-hoc requests from Client Services and the Investment Team.

Requirements

A minimum of 13 -15 years accounting experience within the financial services industry, preferably in the investment management industry
Strong knowledge of reconciliation and account analysis
Excellent understanding of accounting and the ability to apply relevant investment company accounting rules
Strong understanding and experience with a back leverage facility/financing structure
Understanding of investment exclusion rights/participation
Knowledge of season and sell strategy/treatment
Solid analytical skills and ability to understand and resolve complex problems
Proficiency in Microsoft Excel and Word
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.
Bachelor’s degree in Accounting or Finance

Nice To Haves

Experience with Geneva and/or Geneva World Investor, accounting systems is a plus
Knowledge of Investran
CPA a plus

Responsibilities

Supervising Accounting Managers in their daily responsibilities of maintaining the books and records for several closed-end funds and separate accounts within the Private Equity Strategies
Overseeing the monthly closing process for the portfolios; this includes pricing, reconciling portfolio data, and calculating management fees and the accrual of expenses
Reviewing quarterly and annual financial statements prepared in accordance with U.S. GAAP
Ensuring compliance with key financial reporting controls and ensuring that evidentiary matter is appropriately documented to comply with the requirements of Sarbanes-Oxley
Ad hoc assistance in the research of technical guidance and implementation of new accounting pronouncements
Reviewing calculations of fund and client specific performance
Reviewing consolidated fund information within the strategy
Reviewing and/or assisting in the preparation of a variety of ad-hoc requests from Client Services and the Investment Team