Assistant Vice President, Deal and Cash Operations

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. Oaktree has over 1,400 employees and offices in more than 25 cities worldwide. The company is committed to cultivating a collaborative, curious, and inclusive environment that honors diversity of thought, along with providing training, career development, and strong support for local communities through philanthropic initiatives.

About the role

The Assistant Vice President on the Deal and Cash Operations team is responsible for private deal investment accounting, including recording deal activity, investment lifecycle events, investment proceeds, loan activity, and dispositions into Oaktree’s accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging.

Responsibilities

• Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely and accurate entry into Oaktree’s accounting system.
• Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in Oaktree’s accounting system timely and accurately.
• Process deal lifecycle events from an investment accounting perspective by booking credit events, reorganizations, amendments, and exits in Oaktree’s accounting system.
• Process and account for cash movements through complex legal entity structures, ensuring proper booking in Oaktree’s accounting system.
• Work with various stakeholders to fund and close private deal transactions, including cash positioning and funding deals within demanding timelines.
• Coordinate with and respond to inquiries and requests from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties.
• Stage FX orders to raise cash and to hedge currency risk.
• Ensure cash availability for upcoming purchases, redemptions, and other transactions.
• Forecast available cash balances and monitor for and prevent account overdrafts in various currencies.
• Participate in cross-functional initiatives relating to the private deal workflow.
• Manage resources, including developing new team members.
• Establish SLAs with internal teams to ensure high success rates and KPIs to measure and continually improve processes.
• Identify, measure, and mitigate process risk.
• Address daily issues, understand root causes, and implement process improvements.
• Build effective working relationships with internal stakeholders.
• Write effective procedures and train others when necessary.

Requirements

• 9–11 years of relevant experience at an asset management firm, investment bank, or other financial services company.
• Investment Accounting and Operations experience with Alternative Investments including Private Credit, Real Assets, Syndicated Loans, Private Equity, and Asset-Backed Finance.
• Processing transactions, credit activity, and accounting entries in Advent Geneva and Global World Investor.
• Proficiency in Microsoft Office suite, with expertise in Excel including data analysis, pivot tables, charts, and formulas.
• Experience with SharePoint, Power BI, SQL, and VBA is a plus.
• Track record of process improvement.
• Experience working with complex fund and deal entity structures.

Qualifications

• Bachelor’s degree is required.
• Certified Public Accountant (CPA) with private deal experience is strongly preferred.

Skills

• Collaborative, team-oriented individual with a strong sense of integrity and professionalism.
• Outstanding initiative and self-starter mentality.
• Non-linear thinking with excellent written, verbal, and interpersonal communication skills.
• Ability to critically think and independently solve issues, as well as participate in projects for improved efficiency and automation.
• Able to work under tight deadlines and high pressure.
• Strong ability to prioritize and manage multiple competing tasks.
• Strong quantitative and analytical skills.
• Exceptional attention to detail.

Pay

Base Pay Range: $125,000–$185,000