Vice President, Fund Accounting (Open Ended Funds)

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 

The Vice President/Senior Vice President will be responsible for the launch and oversight of a newly formed Performing Liquid Credit and Structured Credit Fund Accounting team located in Hyderabad. The Oaktree title for this role will be assigned commensurate with the candidate’s qualifications and experience as measured against Oaktree’s core competencies. 

This role will serve in a key leadership capacity which includes but is not limited to the core functions:  

• Oversee the maintenance of the books and records of a variety of portfolio structures with investments in liquid credit and asset-backed securities.  These include traditional open-end and closed-ended commingled limited partnerships, Oaktree sponsored collateralized loan obligations (“CLOs”), separately managed accounts, and Luxembourg SICAVs;   Management of the Hyderabad-based team of fund accountants for which the Department Head oversees; and   Provide oversight and support of both Oaktree and client appointed third-party service providers across the globe in connection with Oaktree’s efforts to create a more robust “follow the sun” operating model for the benefit of our clients and key internal stakeholders.  

The successful candidate will partner with the Department Head and his Los Angeles based leadership in the U.S. to expand and manage the Hyderabad-based team operations, cultivating a high-performing team which delivers timely, high-quality financial reports and analyses to all stakeholders in alignment with global standards.  Success criteria will be measured by the following: 

• Efficient transition of accounting support from existing service providers to be undertaken by the Oaktree Hyderabad team;   Effective collaboration with the senior leadership team to identify areas of opportunity for additional fund accounting support by the Hyderabad team;   Ensure the team complies with SLAs, monitor team KPIs, and continually work to enhance operational workflows, internal controls and training procedures; and  Demonstrated ability to proactively identify areas for operational improvement and efficiency gains 

High level responsibilities include but not limited to:  

• Fund Accounting Oversight: Manage many of the day-to-day aspects of the accounting process, including NAV calculation, and investment accounting compliance with GAAP (US, Lux, and IFIS) and other financial regulatory reporting requirements that require fund account preparation and accounting data for completion. 

• Team Leadership: Lead and mentor a team of fund accountants across varying levels. Hire, develop and manage staff in alignment with the standards established for Oaktree’s Finance Organization, including providing or coordinating new hire and continuing education training, setting clear performance expectations and ensuring a continuous feedback loop around such. Provide guidance, training, resource management and support to foster a culture of excellence and collaboration. 

• Process Improvement: Identify opportunities to streamline workflows, enhance controls and optimize systems to improve operational efficiency and effectiveness.  

• Relationship Management: Collaborate closely with internal stakeholders, including portfolio managers, legal and compliance teams and external service providers, to ensure seamless coordination and communication.  

• Regulatory Compliance: Stay abreast of industry regulations and best practices and ensure adherence to all relevant guidelines and standards.  

• Financial Reporting: Oversee the preparation and distribution of accurate and timely financial statements, investor reports and other fund-related documentation.  

• Risk Management: Proactively identify and mitigate operational and financial risks, implementing robust controls and procedures to safeguard fund assets and investor interests.  

Additional responsibilities include but not limited to:  

• Develop a complete understanding of the roles and responsibilities, systems and processes across Oaktree middle- and back-office functional groups. 

• Communicate with the investment team, operational partners, internal and external counsel and third-party service providers to understand existing and potential investments and implement deal corporate infrastructure, e.g., sourcing and negotiating administrative services. 

• Provide deal execution and deal post-closing and ongoing support for new deals, refinancing, restructures and exits.  

• Setting up accounting and reporting protocols and reviewing periodic reporting to provide assurance to primary stakeholders that the protocols are followed consistently and address any issues. 

• Establish relationships with key stakeholders on the investment team and supporting administrative functions (e.g., tax, bank debt group, data management, pricing/valuation, etc.), and leverage these relationships to maintain and improve the accuracy, consistency and effectiveness of our cash management, accounting and financial reporting processes.  

• Cash planning and liquidity management - detailed involvement in the tracking and monitoring of fund cash needs, guarantees and commitments, fund return modeling and reporting, and analysis of currency and interest rate hedges. 

• Respond to ad hoc queries from the investment team, client services, and other internal stakeholders and external counterparties. 

• Collaborate with Oaktree’s Technology and Reporting & Performance teams to identify opportunities for automation that create operational scale and efficiency through the use of advanced visualization dashboards, such as PowerBI, and similar tools/technologies.  

Qualifications 

• 15+ years of experience at an asset management company, investment bank or other financial services company 

• 8+ years of experience managing both operations and personnel 

• Deep knowledge of alternative investments, fund launches, complex structures and hedged feeders 

• Strong technical knowledge of fund accounting principles, NAV calculation methodologies and regulatory requirements 

• Proven leadership and team management skills, with the ability to motivate others to achieve excellence 

• Excellent analytical, problem-solving and decision-making abilities, with a keen attention to detail  

• Experience with fund accounting systems (e.g., Advent Geneva) and Microsoft Excel  

• Outstanding communication skills to work cross-functionally and at all levels internally 

• Experience utilizing (or practical hands-on collaboration with technology developers) building PowerBI dashboards, designing Python scrips, SQL database queries, and/or modern data visualization tools a plus. 

Personal Attributes 

• Proven ability to prioritize high volumes of work across a team, and to capacity manage, or “staff” junior resources on an ad-hoc, objective basis 

• Proven ability to operate independently and collaboratively on short- and long-term goals while maintaining the highest quality standards 

• Excellent interpersonal and communication skills 

• Strong work ethic and output focused 

• Takes clear ownership of tasks to see them through to completion 

Education 

A Bachelor’s degree in Accounting or Finance required. ACA/CPA/CFA is highly desired.  

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.