Manager, ABF Fund Finance

Oaktree Capital Management, L.P.; Los Angeles (CA); On-site; USD 110,000 - 155,000; Full time

Job summary

Oaktree Capital Management, L.P. seeks an experienced fund finance professional to maintain revenue and profitability models, track actuals vs. forecast, and act as the primary data resource within ABF fund finance.

The role requires 5–7 years accounting/audit experience, strong data science acumen, and proficiency in Python, SQL and Power BI, with knowledge of alternative investments and staggered reporting cycles.

Qualifications

• 5–7 years accounting or audit experience, preferable with Big Four background.
• Demonstrated data science acumen in asset management or banking.
• Experience using Python, SQL and Power BI for analytics.
• Strong knowledge of alternative investments and accounting rules.
• Excellent problem solving and analytical capabilities.

Responsibilities

• Maintain revenue/profitability models; track actuals vs forecast.
• Serve as data/analytics resource for fund finance; support automation.
• Participate in monthly/quarterly close and cash management activities.
• Prepare and review complex management fee and waterfall calculations.
• Coordinate with auditors, custodians, prime brokers and fund admins.
• Prepare financial reports and KPI analyses for partnerships/accounts.

Skills

Data science

Analytical skills

MS Excel

Attention to detail

Education

Bachelor’s degree

CPA or equivalent

Tools

Python

SQL

Power BI

Geneva

Job description

Our Company

As a part of Brookfield’s $416B credit platform, Oaktree is a premier credit manager emphasising an opportunistic, value-oriented, and risk-controlled approach to investing across credit, equity, and real estate. Oaktree is committed to cultivating an environment that is collaborative, curious, inclusive and honours diversity of thought. Providing training and career development opportunities and emphasising strong support for our local communities through philanthropic initiatives are essential to our culture. Oaktree is wholly owned by Brookfield, a leading global investment firm with more than $1 trillion in assets under management. Brookfield owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. It invests on behalf of institutions and individuals around the world across infrastructure, renewable power and transition, private equity, real estate, and credit. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/

Our Company

As a part of Brookfield’s $416B credit platform, Oaktree is a premier credit manager emphasising an opportunistic, value-oriented, and risk-controlled approach to investing across credit, equity, and real estate. Oaktree is committed to cultivating an environment that is collaborative, curious, inclusive and honours diversity of thought. Providing training and career development opportunities and emphasising strong support for our local communities through philanthropic initiatives are essential to our culture. Oaktree is wholly owned by Brookfield, a leading global investment firm with more than $1 trillion in assets under management. Brookfield owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. It invests on behalf of institutions and individuals around the world across infrastructure, renewable power and transition, private equity, real estate, and credit. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/

Responsibilities

The Manager will be responsible for maintaining revenue and profitability models for the funds; including tracking actuals vs. forecast, and will serve as the primary data and analytics resource within ABF fund finance team, helping to advance data platform priorities including borrowing base automation, liquidity forecasting, cost transparency reporting, and similar initiatives. The incumbent will also participate in monthly and quarterly close activities, cash management, and related fund operations activities.

Responsibilities will include:

• Reporting & Analysis
• Cash management and forecasting, NAV and subscription-line oversight, and borrowing base reporting to lenders;
• Oversee detailed cost transparency reporting on the funds, providing ability to drill down into significant cost drivers;
• Borrowing base modeling;
• Oversee responses to lender diligence questions related to recurring reporting and any potential refinancings;
• Participate in quarterly reporting close and provision of related deliverables to corporate finance team;
• Collaborate with tax team on lower-tier books and records and year-end tax reporting cycle;
• Collaborate with operations teams on private deal life-cycle bookings and related controls;
• Preparation and/or review of complex management fee and waterfall calculations;
• Recording and reconciliation of cash, investments and other balance-sheet accounts;
• Estimating and posting of accruals;
• Preparation and/or review of allocations of income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents;
• Determining and preparing distributions and drawdowns;
• Preparation of monthly, quarterly, and annual financial reports;
• Analyzing and calculating performance metrics for partnerships/accounts as well as for each investment;
• Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators;
• Performing other tasks as required.

Technology Enablement

• Utilize Python, SQL and/or data visualization tools (e.g., Power BI) to manage and manipulate large data sets, and create standardised reports or dashboards; and
• Lead the implementation of process changes and automated reports to generate timely and actionable information on investment and fund KPIs.

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;
• Demonstrated data science acumen including through practical application in asset management or banking industry;
• Experience utilizing Python, SQL and/or data visualization tools (e.g., Power BI);
• Deep knowledge of alternative investments broadly;
• 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;
• Experience with Geneva and/or Geneva World Investor accounting systems is a plus; and
• Proficiency in Microsoft Excel, Word and PowerPoint.

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 is required. CPA or equivalent designation is a plus.

Base Salary Range

Base Salary Range $110,000 - $155,000 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.

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. At Oaktree, we focus on hiring individuals with intelligence, dedication, team spirit, integrity and a strong work ethic. We welcome the opportunity to speak with talented professionals who have relevant credentials and experience in investments, marketing and client relations, accounting, legal, compliance, information technology, administrative support and other relevant areas.

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. At Oaktree, we focus on hiring individuals with intelligence, dedication, team spirit, integrity and a strong work ethic. We welcome the opportunity to speak with talented professionals who have relevant credentials and experience in investments, marketing and client relations, accounting, legal, compliance, information technology, administrative support and other relevant areas.