Manager, Legal Entity Accounting

Our Company Oaktree is a leader among global investment managers specializing in alternative investments, with $189 billion in assets under management as of December 31, 2023.
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 1,200 employees and offices in 22 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 Manager will be part of a department responsible for maintaining and reviewing the books and records of the investment legal entities through which Oaktree’s funds hold various debt, equity, and other investments.
The individual will work closely with offshore and onshore teams to provide reporting and analysis to tax, fund accounting, and other internal and external stakeholders.
Responsibilities will include: Ensuring investment legal entities are being accounted for pursuant to the governing legal and tax documents.
Reviewing and analyzing deal structure charts and translating that information into fund flows schedules and deal-structure setup in the accounting systems of record.
Working with the tax department to identify any tax holdback requirements before transferring proceeds upstream to the parent fund entities.
Working with the offshore team and fund accounting to ensure appropriate investment funding allocations are used for multi-fund deals and/or for funds which may have investment restrictions.
Reviewing calculation of allocations by partner class (including identification of entity expenses specific to electing blocker partners vs.
other partner types).
Reviewing and approving wires for investment fundings, entity seedings, and upstreams.
Reviewing quarterly and annual books for the various investment legal entities including reconciliation of the trial balance, economic allocations and ownership splits for each entity in the deal structure.
Coordinating with funds’ internal tax group and as well as external tax preparers to prepare support for various tax filings and reporting.
Monitoring, reconciling, and reporting on any blocker notes or third-party debt that may be part of deal structures.
Providing oversight and training to our offshore Legal Entity Accounting team in preparing and maintaining the books and records of investment legal entities.
Reviewing of GP and Alternative Investment Fund profit and loss allocation, capital activity, and capital balance reconciliations and analyses for the funds.
Working on various process & technology improvement projects related to the tasks above.
Performing other tasks as required.
Qualifications 5-7 years’ relevant experience in either public or private accounting or tax; Strong knowledge of private credit or private equity fund strategies/investments.
Superior written and verbal communication skills with the ability to work effectively both individually and as a team Solid analytical skills and ability to understand and resolve complex problems.
Familiarity with tiered partnership structures and basic legal entity and LP-level tax considerations.
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 Ability to understand and resolve complex problems.
Education Bachelor’s degree required.
Tiered partnership taxation experience and Geneva/GWI experience are a plus but not required.
Base Salary Range $95,000 - $145,000 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.