Assistant Vice President, Open-end Fund Accounting (CLO)

Overview

Assistant Vice President, Open-end Fund Accounting (CLO) supporting Oaktree's Senior Loan strategy, providing oversight of accounting, reporting and auditing across open-end funds, closed-end funds, CLOs and risk retention vehicles.

What you'll do

• Review and approve monthly and quarterly close processes, including pricing, management fee calculations, expense accruals and portfolio reconciliation with custodians and counterparties.
• Monitor daily cash and position reconciliations and coordinate issue resolution with custodians, administrators and counterparties.
• Ensure books and records accurately reflect purchase and sale transactions, trade par and cash reconciliations for CLOs.
• Oversee preparation and review of financial statements in compliance with U.S. and U.K. GAAP, IFRS and investment company accounting rules.
• Coordinate regulatory filings, including AIFMD Annex IV, Form PF, ADV reporting, CRS and tax filings, ensuring accuracy and timeliness.
• Review fund and client-specific performance metrics, including XIRR and TWR analysis.
• Supervise annual financial statement audits and provide guidance to external auditors.
• Support fund-related automation and efficiency initiatives, ensuring compliance with Sarbanes-Oxley standards.
• Review income and expense allocations and progress of distribution waterfalls.
• Collaborate on cash forecasting, ensuring adherence to loan-to-value ratios and borrowing limits.
• Oversee preparation and review of borrowing notices and funding memos for corporate-related activity.
• Ensure smooth execution of fund openings, closings, client drawdowns and distributions with stakeholders.
• Monitor expense analysis and corporate expense reimbursement tracking.
• Provide oversight to waterfall invoice preparation and wire payment execution.
• Review corporate actions related to delayed compensation, cost of carry, amendment fees and PIK interest.
• Oversee the work of third-party administrators and custodians, ensuring accuracy and quality control.
• Respond to ad-hoc queries from client services and internal teams and facilitate setups for new funds and CLOs across accounting, marketing, performance and trading systems.

What you'll need

• Minimum 12+ years of relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry roles.
• Strong knowledge of reconciliation and account analysis, with proven ability to oversee and review processes rather than direct execution.
• Excellent understanding of accounting principles and relevant investment company accounting rules.
• Proficiency in Microsoft Excel and Word.
• Bachelor's degree is required, preferred in Accounting or Finance.
• Self-motivated with strong attention to detail and excellent work ethic.
• Great organizational skills and able to prioritize and handle complicated work efficiently and effectively.
• Takes initiative to ask questions and detect problems.
• Strong written and verbal communication skills with the ability to work effectively both individually and as a team.
• Ability to understand and resolve complex problems.

Nice to have

• Familiarity with Geneva and/or Geneva World Investor accounting systems.
• Experience with PowerBI, Alteryx or other data analytical tools.
• Working knowledge of CLOs and Risk Retention Vehicles, including CLO lifecycle, Warehouse Phase, Ramping of Portfolio, Pricing, Close, Drawdowns, Repayments, Day One S110 Test, 1st Loss Equity Tranche, Waterfall Schedule, Priority of Payments, Resets and Refinancing, Management and Incentive Fees, Par and Cash, and Aggregate Principal/Collateral Balance Calculations.
• CPA, Chartered Accountant or equivalent qualification.