Our Company Oaktree is a leader among global investment managers specializing in alternative investments, with about $200 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 1200 employees and offices in 24 cities worldwide. Our investment philosophy consists of six enduring tenets: risk control, consistency, market inefficiency, specialization, de-emphasis of macro-forecasting and disavowal of market timing. These tenets are central to our opportunistic and value-oriented approach. Our mission is to deliver superior investment results with risk under control and to conduct business with the highest integrity. Sustainability considerations are a critical component of achieving this mission. As long-term investors, we recognize that accounting for sustainability considerations throughout the investment lifecycle can help us avoid undue risk and better identify attractive opportunities. These efforts are part of our long-standing commitment to excellence in bottom-up investment analysis 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 more information including Oaktree’s approach to sustainability, please visit our Responsibility site. scope and responsibilities The Corporate Accounting Manager will provide operational and procedural support within the Corporate Accounting Department. Responsibilities will include but are not limited to:
- Overseeing daily cash postings and reviewing supports, focusing primarily on incentive income and related compensation expenses.
- Ensuring timely and accurate reporting of all financial accounting, including incentive income, related compensation, and other fund-related transactional accounting.
- Preparing and owning schedules for incentive income, incentive compensation expense, and related balance sheet accounts general ledger postings.
- Performing detailed analysis of incentive compensation agreements and ensuring appropriate accounting treatment in accordance with accounting standards.
- Preparing revenue recognition assessments in accordance with GAAP and the Company’s non-GAAP accounting policies, including maintaining appropriate documentation of conclusions.
- Perform reconciliation of non-GAAP to GAAP results on a quarterly basis with a focus on incentive income and related expenses.
- Roll forward of month and quarter-end reporting schedules.
- Coordinating with departments such as International Accounting, Fund Accounting, Tax, Treasury, and Points team to reconcile cash receipts and payments with GAAP results.
- Preparing ad hoc financial analyses for monthly and quarterly management reporting.
- Performing key internal control processes.
- Assisting with the implementation of the Workday system, particularly focusing on incentive income and compensation. experience required
- 8+ years of accounting experience
- Ability to work in a team environment and corroborate with team members
- Strong reconciliation and analysis skills
- Ability to understand and resolve complex problems
- Proficiency in Microsoft Excel and Word
- Ensures compliance with corporate financial standards and internal control requirements
- Experience with Workday financials is a plus personal attributes
- Outstanding organizational skills with a strong attention-to-detail;
- Team-oriented with strong integrity and professionalism;
- Ability to work in a collaborative manner and elicit corporation from and gain the confidence of a wide variety of participants including other departments;
- Excellent interpersonal, verbal and written communication skills;
- Proficient at working both independently and in a team-oriented, collaborative environment; able to drive issues to closure, is a self-starter committed to achieving results and has a strong sense of ownership and follow-through;
- Ability to work well under pressure and with time constraints; and,
- Ability to take the lead on various projects and communicate on follow-up items and progress for completion as scope of work expands, if necessary. Education A Bachelor’s/Master’s degree in Accounting, Finance or related field. CPA 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. 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.
