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 1200 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
Responsibilities
This is a highly visible position in a recently created Deal Operations team that has been tasked with centralizing and standardizing the operational model for private deals at Oaktree. This position will work closely with investment professionals and various stakeholders across the firm to support and drive the end-to-end operational workflow of private deals. As such, this position is expected to comprehensively understand the full lifecycle of all private asset classes, which includes but is not limited to private credit, real assets, private placements, asset-backed financing, and derivatives. This position is expected to be in daily communication with the investment teams and be able to independently contribute by fully understanding asset-backed private deals through various communication methods, including comprehending deal documents, and translating deal information to appropriate transaction record-keeping. This position is involved in the private deal workflow “end to end”, from pre-close, closing/settlements, and maintenance of both IBOR and ABOR requirements.
As this is a relatively new team, this role also involves working with various stakeholders on key initiatives and identifying process improvement opportunities with the objective of centralizing and creating scale while minimizing operational risk. The expectation of this role is to support and execute tactical and strategic initiatives in collaboration with various other stakeholders, including technology.
This role will initially report into the fund accounting team supporting Oaktree's Asset-Backed Financing (ABF) strategy launch, which may involve some level of fund accounting work. The role will transition to the Deal Operations team at a future date when the Deal Operations team has completed its Phase 1 & 2 strategies migration support activities. The ABF deal operations support opportunity will provide the right candidate a unique opportunity to obtain a deeper understanding and awareness of ABF lifecycle events in collaboration with a highly motivated team comprised of investment personnel, product specialists, legal, and middle and back-office professionals who are all focused on the successful launch of one of Oaktree’s newest step-out strategies.
Responsibilities include:
- Supporting the Investment Team on private deal transactions by ensuring operational readiness for deal transaction closing;
- Comprehend and translate deal documents into a transaction processing event;
- Facilitate the middle office function by working with various stakeholders by leading navigation on highly complex deals;
- Processing all private deals accurately and timely onto Oaktree’s accounting system;
- Ensuring settlement and closing of private deal transactions;
- Assisting cross-functional initiatives relating to the private deal workflow;
- Coordinating with Funds’ independent auditors, custodians, fund administrators, counterparties for private deal-related inquiries and requests;
- Participating in various firm-wide initiatives to drive efficiency improvements by engaging with various cross functional teams.
- Performing other tasks as required.
Qualifications
- 5+ years of relevant experience, including investment operations, investment accounting, fund accounting, or middle office experience;
- Strong knowledge of reconciliation and direct experience navigating an accounting system or order management system;
- Strong knowledge of various asset classes, with an emphasis on private credit or alternative investments;
- Solid analytical skills and ability to understand and resolve complex problems;
- Microsoft Excel “power user”, able to independently analyze data, create pivot tables, charts, formulas, and;
- High proficiency in Microsoft Excel, Word, and PowerPoint.
- Experience with SQL, VBA, PowerBI, PowerAutomate, Phyton are preferred but not all required.
Personal Attributes
Self-motivated with strong attention to detail and excellent work ethic;
- Exhibits organizational finesse in a demanding and fast-paced environment;
- Demonstrates sound judgement with problem escalation and self-directed resolution;
- Ability to liaise and communicate effectively across all business units at the firm, from investment team professionals to external parties;
- Analytical and solution-oriented mindset with a strong aptitude for problem solving;
Education
Bachelor’s degree required.
MBA, CFA, and CPA are preferred but not required.
Base Salary Range
$110,000 - $150,000
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.
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.
