Job Opportunity
Manager – Closed-end Fund Accounting
Oaktree | Los Angeles, CA
Job Summary
Maintain the books and records for various private partnerships and accounts, as well as report to the clients and the portfolio group. Bachelor’s Degree in Accounting or Finance. 5+ years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience.
Details
Oaktree is a leader among global investment managers specializing in alternative investments, with $192 billion in assets under management as of March 31, 2024. 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 1,200 employees and offices in 22 cities worldwide.
For additional information please visit our website at https://www.oaktreecapital.com/.
Responsibilities:
The Manager, Closed-end Fund Accounting Power Opportunities will be responsible for maintaining the books and records for various private partnerships and accounts, as well as reporting to clients and the portfolio group.
* Prepare and maintain the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts
* Account for and reconciliation of cash, investments and real property
* Record and reconcile purchase and sale transactions
* Account for complex corporate actions
* Estimate and post monthly closing accruals
* Calculate income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents
* Determine and prepare distributions and drawdowns
* Prepare monthly, quarterly, and annual financial reports to the clients
* Analyze and calculate performance metrics for partnerships/accounts as well as for each investment
* Coordinate with funds’ independent auditors, custodians, prime brokers and fund administrators
* Perform other tasks as required
Education:
* Bachelor’s degree in Accounting or Finance
* CPA a plus
Qualifications:
* Minimum 5-7 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 the ability to understand and resolve complex problems
* Proficiency in Microsoft Excel, Word and PowerPoint
* Experience with SQL and Power BI a plus
Personal Attributes:
* Self-motivated with strong attention to detail and excellent work ethic
* Great organizational skills and able to handle complicated work efficiently and effectively
* Takes initiative to ask questions and detect problems
* Superior written and verbal communication skills with the ability to work effectively both individually and as a team
* Ability to understand and resolve complex problems
Click here for details on this job
- Compensation: $ 145,000
- Min Education: BA/BS
- Min Experience: 5 years