Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 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 23 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.
Overview Of Role & Qualifications
The Corporate Accounting and International Accounting Departments at Oaktree are seeking to add a highly skilled and experienced Vice President to serve as a strategic leader that will manage financial operations, manage regulatory compliance, drive the continued transformation of our key processes and systems, partner with teams across the Finance Organization and Oaktree, support business decision-making, and develop a high performing team.
Strategy & Change Management Responsibilities
- Assist in developing and driving the strategic vision of the CFO organization and accounting and finance functions;
- Challenge the status quo and oversee the creation of best-in-class global business processes;
- Evaluate roles and responsibilities, identify opportunities for improvement, and drive maximum efficiency and leverage of resources
- Partner with other leaders within finance and the broader Oaktree organization to drive collaboration, process improvements, automation and efficiency
- Partner with Oaktree leadership to re-assess reporting needs and deliver value-add, qualitative reporting;
- Drive a more efficient and value-add monthly and quarterly close process, creating improved visibility to leadership and budget owners
- Ensure maximum transformation is achieved via new Workday Financials general ledger including
- Automation of cash processes, payroll processes, compensation calculations, prepayment functionality, investment accounting, revenue recognition, etc.
- Reassess account reconciliation process and design best-in-class account analysis
- Develop and implement methodology to transition work from global locations to Hyderabad
- Partner with Treasury during implementation of their Treasury Management System (including evaluation of impact on and opportunities to benefit accounting and finance operational processes)
Core Functional Responsibilities
- End-to-end responsibility for financial oversight of Oaktree India Legal Entities
- Financial Management & Reporting
- Regulatory Compliance with statutory obligations including overseeing the audit process
- Budgeting & Forecasting – providing variance analysis and actionable insights to management
- Cash Flow & Treasury Management
- Responsibilities related to Corporate Accounting functions
- Support oversight of operational accounting functions, including cash management, due from funds and other receivables, compensation and benefits, accounts payable, fixed assets, financing and investing arrangements and related interest income and expense, various general and administrative expenses
- Oversee preparation/development of financial calculations and account analyses, including supporting schedules on a monthly and quarterly basis; and
- Design ad hoc financial analyses as required for monthly and quarterly management reporting.
- Drive coordination and relationships within accounting and finance teams, and with other teams such as Corporate Treasury, Fund Treasury, Accounts Payable/Expense Allocation, and Tax;
- Manage development, documentation, execution and maintenance of accounting and finance policies, including training within and across departments;
- Ensure compliance with all policies and requirements and provide accurate, timely, and useful management reports;
- Participate in development/execution of plans for adoption of new accounting standards;
- For all areas of oversight, design, implement, and monitor robust internal control systems to safeguard company assets and ensure operational efficiency; conduct periodic reviews to identify gaps and mitigate financial risks;
- Proactively identify potential work bottlenecks or peaks in work volume and develop plans to ensure team is able to meet agreed upon deadlines;
- Conduct research on complex accounting issues, interpret accounting guidance, and advise key stockholders of financial impact in collaboration with external auditors;
- Manage external stakeholders, including but not limited to external bookkeepers, banking relationships, etc.;
- Support interactions with external audit firm regarding annual audits and quarterly reviews; work with auditors to bring efficiencies to the audit process.
Leadership & Development
- Leadership: Responsible for day-to-day leadership and development of their direct and indirect reports, management of key stakeholders and relationships within the finance organization and other Oaktree departments, as well as contributing to and maintaining a client service and results-oriented culture within the finance organization, international accounting and corporate accounting teams.
- Talent Management: People development and recruiting will be critical components of the role, as well as performance and career management, training and mentoring of their team. Participate in special projects implemented by the Hyderabad leadership team including initiatives and priorities related to upskilling and employee engagement
- Training & Development: Provide training and development opportunities to ensure the team is well-prepared to perform duties, including US GAAP, local/statutory GAAP, Indian GAAP and evolving financial practices.
- Business Process Improvement & Technology: Play a key role in leading accounting process improvements, change initiatives, streamlining processes, developing metrics, and creating efficiencies within the department. Previous experience aiding in implementing ERP and consolidation systems would be helpful. Partner with Information Technology to ensure the technical infrastructure and consolidation processes supporting financial reporting are designed to meet key control objectives and operate effectively.
- Relationship Building: Works effectively with strong, diverse teams of people with multiple perspectives, talents, and backgrounds. He or she is known for doing what is best irrespective of politics and is comfortable with consensus building (at multiple levels) and soliciting constructive feedback; ability to elicit cooperation from a wide variety of participants including upper management, clients, other departments, and 3rd party providers.
- Communication: Strong interpersonal and verbal/written communication skills; ability to present complex material. Influence outcomes and educate others by communicating important information in a clear and concise manner that is tailored to its audience.
- Independence & Collaboration: Experience at working both independently and in a team-oriented, collaborative environment; must be able to drive work effectively with limited supervision while representing department and executive management interests and concerns.
- Work Ethic: Focus on continual development, performance, accountability and self-motivation.
- 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 activities/resources; able to effectively prioritize, execute tasks, and thrive in a high-pressure fast paced environment.
- Intellectual Curiosity: Energized by learning new things and engaging across a wide range of issues; must have strong problem-solving skills; adept at conducting research into project-related issues and products; displays a technical aptitude that lends itself to learning and mastering new technologies.
- Driving Results: Sets aggressive timelines and objectives to drive results, conveys a sense of urgency, and drives issues to closure; is a self-starter committed to achieving results and has a strong sense of ownership and follow-through.
- Judgment: Makes recommendations and decisions that balance a variety of factors.
Other Qualifications
- Minimum 10-15 years’ experience in accounting, financial reporting at a public accounting firm and/or the accounting function of a publicly traded company in progressive accounting and finance roles;
- Asset management experience preferred;
- Proven track record in driving process and technology change within an organization;
- Participation in a general ledger/consolidation tool/financial system implementation a plus;
- Strong knowledge of US GAAP and India GAAP and SOX is required and working knowledge of IFRS is an added plus;
- Strong accounting and technical expertise in accounting policy and reporting and disclosure requirements;
- Excellent understanding of legal entity and investment structures as well as operational concepts;
- Solid analytical skills and ability to understand and resolve complex problems;
- Experience with Workday, Adaptive, Workiva, or other accounting and reporting systems a must; and,
- Proficiency in Microsoft Excel, PowerPoint and Word.
Education
- Bachelor’s degree in Accounting, Finance or related field; Qualified CPA / Chartered Accounting preferred; Graduate degree 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.
