Manager, Enterprise Reconciliation, Investment Operations

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in more than 25 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 Oaktree’s website at http://www.oaktreecapital.com/

Responsibilities

• Maintain the scope of reconciliation services, including data sourcing and mapping between Oaktree systems and external parties. 

• Create, maintain, and improve matching rules to optimize matching rates and reduce manual matching requirements. 

• Design and optimize reconciliation break workflows, including research methods, prioritization frameworks, standardized commentary and root cause categorizations, assignment and escalation protocols, and strategies for addressing nonresponsive parties. 

• Conduct daily review of reconciliation breaks to identify high-risk items requiring special handling and communication to Oaktree teams for resolution and/or awareness. 

• Perform detailed break research by analyzing loan notices, trading activity, corporate action documentation, security master information, fund accounting activity, and other relevant data sources to identify root causes and determine the appropriate steps for resolution. 

• Address escalated items and determine if further escalation is required by other operational and fund finance teams. 

• Ensure all processes, procedures, and deliverables meet documented audit requirements. 

• Process Improvement, Reporting & Analytics 

• Provide management reporting on volumes, match rates, resolution rates, and ageing, with analysis of trends and anomalies. 

• Perform root cause analysis to identify process improvement opportunities and partner with internal and external teams to drive reductions in break rates and resolution times. 

• Continuously analyze process quality and drive improvements leveraging AI and automation tools to optimize workflows and increase operational efficiency. 

• Prepare detailed reconciliation reports for Fund Finance to support monthly and quarterly close activities. 

• Stakeholder & External Party Engagement 

• Collaborate with teams across the Oaktree enterprise to improve processes, reduce exception rates, and minimize break resolution time. 

• Engage with external parties including Agent Banks, Transfer Agents, Custodians, Administrators, and Brokers to ensure they are responsive and taking the appropriate action to resolve breaks

• Identify external parties that generate high break rates and work with them to address challenge areas.

Qualifications

• 9+ years of relevant experience working in an operations capacity at an asset management company, investment bank, or 
  other financial services company. 

• 5+ years of experience in private credit investment operations and middle-office support including Bank loan syndication and 
  corporate actions 

• Strong knowledge of general finance, process documentation, and cross functional operations 

• Knowledge on Geneva and reconciliation platforms such as DUCO is preferable  

• Solid analytical skills and ability to understand and resolve complex problems 

• Proficient in Microsoft Office with strong working knowledge of Microsoft Excel 

• Proven ability to manage tasks with competing priorities and deadlines, while independently driving projects to completion

Personal Attributes

• Outstanding organization skills with extremely high attention to detail;

• Outstanding initiative and a strong work ethic;

• Responsible with a strong sense of dedication;

• Excellent interpersonal, verbal and written communication skills;

• Works well under pressure and with time constraints; and

• Possesses strong integrity and professionalism.

Education

Bachelor’s degree required.

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.

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.