Associate, Asset Backed Finance, Asset Management

OakTree; Los Angeles (CA); On-site; USD 150,000 - 160,000; Full time

Job summary

Join a forward-thinking investment firm as an ABF Asset Management Associate, where you'll play a crucial role in managing investments and ensuring effective communication with stakeholders. This position offers an exciting opportunity to work closely with a dynamic team, focusing on data management and portfolio oversight. With a commitment to diversity and community support, this established industry player fosters a collaborative environment that values curiosity and innovation. If you have a passion for finance and a desire to contribute to impactful investment strategies, this role is perfect for you.

Benefits

Discretionary Bonus Incentives

Flexible Work Arrangement

Career Development Opportunities

Qualifications

• 3+ years in securitized products or portfolio management.
• Professional experience working with Excel for data management.

Responsibilities

• Advise on reporting obligations at investment time.
• Manage relationships with agents and service providers.
• Collect and manage information for portfolio decisions.

Skills

Securitized Products

Portfolio Management

Client Reporting

Trade Operations

Excel

Fixed Income Fundamentals

Analytical Skills

Education

Bachelor's Degree

Job description

Oaktree is a leader among global investment managers specializing in alternative investments, with $193 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 1,200 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 .

The Oaktree ABF Strategy

Oaktree Asset Backed Finance (“ABF”) is a recently formed strategy which invests in pools of contractual assets, or “assets”, such as loans, leases, receivables, mortgages and licensing agreements, which may or may not reference property or other hard assets. Asset categories include corporate, consumer, real estate, transportation, equipment, infrastructure, energy, intellectual property and other esoteric types.On behalf of ABF funds and clients, Oaktree :

• Purchases, or commits to purchase, assets, with or without leverage
• Lends, or commits to lend, secured by assets, in a senior or mezzanine position
• Insures, or provides capital relief against, assets
• Provides essential capital to a business primarily engaged in the origination and servicing of assets

While Oaktree has significant experience successfully investing client capital in ABF opportunities as a sub-allocation to existing funds, Oaktree ABF represents Oaktree’s first client offering dedicated to ABF. Based on the expanding ABF opportunity set and client demand, Oaktree ABF is expected to grow significantly. Oaktree judges the ABF Strategy’s success and value by outcomes delivered to clients, consistent with or exceeding expectations, over the medium and long term.

Overview of Role & Qualifications

The ABF Asset Management Associate will manage information, activity, and decisions subsequent to Oaktree’s commitment to an investment.

The candidate will :

• Advise on and negotiate each party’s reporting obligations at the time of investment.
• Provide front office oversight of both initial and follow-on fundings of private investments.
• Review draw requests and borrowing base calculations provided by borrowers and agents.
• Review private borrower reporting for performance trends.
• Communicate with financing providers.
• Collect, organize and manage information about existing investments to support portfolio management decisions, client reporting, client diligence and portfolio construction.
• Manage relationships with agents, trustees, service providers and vendors.
• Participate in the valuation of existing investments.
• Work closely with the ABF investment team, legal, client service and trade operations.
• Perform other tasks or projects as requested.

Experience required

• 3+ years’ experience in securitized products, portfolio management, client reporting or trade operations. Professional experience working with excel. This role will focus on data management not forecasting.
• Working knowledge of fixed income fundamentals.
• Highly analytical with experience reading through financial agreements to find answers to specific questions.

Attributes

• Highly process oriented, organized
• Enjoys collaborating with new people on one-time projects
• Intellectually curious and resourceful

Education

Bachelor’s Degree from a reputable university

Base Salary Range

150,000 - $160,000

In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a 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.