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Analyst, Open-end Fund Accounting (CLO)
mid · Corporate Finance
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 successful candidate will be an integral member of the fund accounting team providing support to Oaktree’s Senior Loan strategy. The Fund Accounting Manager will supervise and execute tasks related to maintaining the books and records, reporting, and auditing for a diverse portfolio of investment funds, including open-end funds, closed-end funds, collateralized loan obligation portfolios (CLOs), and risk retention vehicles. This role will ensure compliance with international accounting standards and regulatory requirements, while facilitating communication with internal teams and external service providers, such as third-party administrators, custodians, directors, legal and tax.
Core responsibilities include, but are not limited to, the following activities:
Portfolio Oversight and Reconciliation:
Supervise the monthly and quarterly closing process, including pricing, management fee calculations, expense accruals, and portfolio activity reconciliation with custodial and counterparty records.
Conduct daily cash and position reconciliations, resolve discrepancies with custodians, administrators, and counterparties, and address complex corporate actions.
Ensure books and records accurately reflect purchase and sale transactions, trade par, and cash reconciliations for CLOs.
Compliance and Reporting:
Prepare and review financial statements in compliance with U.S. and U.K. GAAP, IFRS, and investment company accounting rules (when applicable).
Coordinate regulatory filings, including AIFMD Annex IV, Form PF, ADV reporting, CRS, and corporate tax reporting.
Evaluate fund and client-specific performance metrics (e.g., XIRR and TWR).
Audit and Efficiency Execution:
Coordinate annual financial statement audits and fieldwork with external auditors.
Support fund-related automation and efficiency initiatives, ensuring adherence to Sarbanes-Oxley compliance standards.
Client Fund Activity Management:
Calculate income and expense allocations, update distribution waterfalls, and track cash forecasting for loan-to-value ratio and borrowing limits.
Prepare borrowing notices and funding memos for corporate-related activity.
Manage fund openings, closings, client drawdowns, and distributions, ensuring smooth communication between stakeholders.
Cash and Expense Analysis:
Support expense analysis, corporate expense reimbursement tracking, waterfall invoice preparation, and wire payment execution.
Oversee corporate actions related to delayed compensation, cost of carry, amendment fees, and PIK interest amongst others.
Support and Collaboration:
Monitor work performed by third-party administrators and custodians, ensuring accuracy and quality control.
Respond to ad-hoc queries from client services and internal teams and implement setups for new funds and CLOs across accounting, marketing, performance, and trading systems.
EXPERIENCE REQUIRED
Minimum 2-6 years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience;
Strong knowledge of reconciliation and account analysis;
Excellent understanding of accounting and the ability to apply relevant investment company accounting rules;
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;
Experience with PowerBI, Alteryx, or other data analytical tools is a plus.
Working knowledge of CLOs and Risk Retention Vehicles a plus, including:
CLO lifecycle, including all aspects of the Warehouse Phase, Ramping of Portfolio, Pricing, Close, Drawdowns, Repayments, Day One S110 Test, 1st Loss Equity Tranche, Waterfall Schedule, Priority of Payments, Resets and Refinancing, Management and Incentive Fees, Par and Cash, Aggregate Principal/Collateral Balance Calculations
PERSONAL ATTRIBUTES
Self-motivated with strong attention to detail and excellent work ethic;
Great organizational skills and is able to prioritize and handle complicated work efficiently and effectively;
Takes initiative to ask questions and detect problems;
Strong written and verbal communication skills with the ability to work effectively both individually and as a team; and
Ability to understand and resolve complex problems.
EDUCATION
Bachelor’s degree is required, preferred in Accounting or Finance
CPA, Chartered Accountant or equivalent qualification is a plus
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.
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.