Analyst, Fund Accounting

Analyst, Closed-end Fund Accounting Job Description

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

Responsibilities   

The Analyst will be responsible for maintaining the books and records for various private partnerships and accounts, as well as reporting to clients and the portfolio group.

Responsibilities will include:

•    Preparation and maintenance of the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts;

•    Preparation of complex management fee and waterfall calculations;

•    Recording and reconciliation of cash, investments and other balance sheet accounts;

•    Recording of purchase and sale transactions;

•    Accounting for complex corporate actions;

•    Estimating and posting of accruals;

•    Preparation 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 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.

Qualifications

•    Minimum 3-7 years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience;

•    Knowledge of reconciliation and account analysis;

•    Understanding of accounting and the ability to apply relevant investment company accounting rules;

•    Solid analytical skills 

•    Proficiency in Microsoft Excel, Word and PowerPoint.

Personal Attributes

•    Self-motivated with strong attention to detail and excellent work ethic;

•    Great organizational skills and is able to handle complicated work efficiently and effectively;   

•    Takes initiative to ask questions and detect problems;

•    Superior written and verbal communication skills with the ability to work effectively both individually and as a team; and

Education

Bachelor's degree in Accounting or Finance or related field (and/or equivalent experience. CA, MBA; CPA 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.