The Corporate Accounting Department at Oaktree is seeking a Manager with a focus on corporate accounting operations. Responsibilities include: - Oversee day-to-day accounting operations, including daily cash reporting and bank reconciliation. - Work closely with Treasury Department for newly created bank accounts and associated accounting processes. - Coordinate with Fund Accounting and Expense & Allocation Management Departments to ensure smooth execution of fund billing, fund refund, and fund ... more 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 1200 employees and offices in 22 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.
Responsibilities
The Corporate Accounting Department at Oaktree is seeking a Manager with a focus on corporate accounting operations.
Responsibilities include:
• Oversee day-to-day accounting operations, including daily cash reporting and bank reconciliation.
• Work closely with Treasury Department for newly created bank accounts and associated accounting processes.
• Coordinate with Fund Accounting and Expense & Allocation Management Departments to ensure smooth execution of fund billing, fund refund, and fund liquidation processes.
• Manage the offshore accounting team, provide technical direction for daily accounting activities, and ensure timely and accurate maintenance of accounting records.
• Manage the accounting for compensation and benefits, including reconciliation and analysis of payroll, equity compensation, deferred compensation, profit-sharing arrangements, and ad hoc complex executive arrangements.
• Oversee the quarter-end close process, including posting of accruals, account reconciliations, fluctuation analysis, and preparation of management reports.
• Review financial calculations and account analyses; create robust supporting schedules for assigned accounts on a monthly and quarterly basis.
• Participate in the implementation of new ERP system, working with other departments to perform proper testing, designing, and automating processes to maximize new system functionalities.
• Identify and implement process improvement opportunities.
• Coordinate with internal and external auditors in annual audits and complete requests related to the role’s subject matter expertise.
• Perform certain key internal control processes.
Qualifications
• Minimum 3-5 years’ experience in accounting, public accounting experience preferred.
• Strong knowledge of US GAAP accounting, operations, account analysis, and management reporting.
• Excellent understanding of business operations and linkage to accounting in order to initiate and lead process improvements and documentation of standard operating procedures.
• Solid analytical skills and ability to understand and resolve complex problems.
• Specific experience with BPC and Workday systems a plus.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
Personal Attributes
• The successful candidate must have great organizational skills and be able to handle complicated work efficiently and effectively.
• Self-starter with the ability to take initiative, ask questions, detect problems and provide solutions.
• Ability to multi-task and efficiently manage time across competing activities/resources and manage projects/processes under tight deadlines.
• Attention to detail and ability to analyze data and problem solving.
• Must be a team player with strong work ethic; and,
• The successful candidate must have excellent written and verbal communication skills.
Education
A Bachelor’s degree in Accounting, Finance or related field (and/or equivalent experience). CPA or MBA preferred.
Base Salary Range
$115,000 - $140,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
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.
