Vice President, Closed-end Fund Accounting
At a glance
VP-level Accounting role at Oaktree. Los Angeles · full-time · $160,000–$225,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Supervise accounting managers responsible for fund and separate-account books across Private Equity Strategies
- Direct monthly portfolio close work, covering pricing, data checks, management fee calculations and expense accruals
- Examine quarterly and yearly U.S. GAAP statements, control compliance and Sarbanes-Oxley evidence
- Review fund and client performance figures, consolidated strategy reporting and accounting changes
- Respond to special requests from client service teams and investment staff, including preparing materials when needed
What you bring
- At least thirteen years of accounting work in financial services, preferably with an investment manager
- A bachelor's degree in accounting or finance and command of investment-company accounting rules
- Strong reconciliation and account review skills, plus experience with back-leverage financing
- Knowledge of Investran and working proficiency in Microsoft Excel and Word
Who this fits
This VP role suits a seasoned accounting professional ready to oversee managers and handle complex fund reporting. The position is based in Los Angeles.
From the employer
Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in more than 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 Oaktree’s website at http://www.oaktreecapital.com/
Responsibilities
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.
Qualifications
- 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;
- Experience with Geneva and/or Geneva World Investor, accounting systems is a plus; and
- Knowledge of Investran.
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
Bachelor’s degree in Accounting or Finance. CPA a plus.
Base Salary Range
$160,000-$225,000 + discretionary bonus and comprehensive benefits package
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.