Oaktree Capital Management, L.P.
Assistant Vice President, Deal and Cash Operations
Oaktree Capital Management, L.P., Los Angeles, California, United States, 90079
Assistant Vice President, Deal and Cash Operations
Oaktree is a leader among global investment managers specializing in alternative investments, with about $200 billion in assets under management. We focus on an opportunistic, value‑oriented, risk‑controlled approach to investments in credit, private equity, real assets, and listed equities. Oaktree has over 1,400 employees and offices in 25 cities worldwide.
Our culture is collaborative, curious, inclusive, and honors diversity of thought. We provide training and career development opportunities and emphasize strong support for local communities through philanthropic initiatives.
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 disposals into Oaktree’s accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging.
Scope and Responsibilities
Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely entry into Oaktree’s system.
Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in a timely and accurate manner.
Process deal lifecycle events from an accounting perspective by booking credit events, reorganizations, amendments, and exits.
Process and account for cash movements through complex legal entity structures, ensuring proper booking in Oaktree’s accounting system.
Work with stakeholders to fund and close private deal transactions, including cash positioning and funding within demanding timelines.
Coordinate and respond to inquiries from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties.
Stage FX orders to raise cash and hedge currency risk.
Ensure cash availability for upcoming purchases, redemptions, and other transactions.
Forecast available cash balances.
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.
Establish 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.
Experience Required
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.
Expertise in Excel for data analysis, pivot tables, charts, and formulas.
Knowledge of SharePoint, Power BI, SQL, and VBA is a plus.
Track record of process improvement.
Experience working with complex fund and deal entity structures.
Personal Attributes
Collaborative, team‑oriented individual with strong integrity and professionalism.
Outstanding initiative and a self‑starter.
Demonstrates non‑linear thinking and excellent written, verbal, and interpersonal communication skills.
Critical thinking and independent problem solving, participating in projects for improved efficiency and automation.
Able to work under tight deadlines and high pressure.
Ability to prioritize and manage multiple competing tasks.
Strong verbal and written communication skills.
Strong quantitative and analytical skills.
Excellent attention to detail.
Education Bachelor’s degree is required. A Certified Public Accountant (CPA) with private deal experience is strongly preferred.
Base Pay Range $125,000–$185,000.
Equal Opportunity Employment Policy Oaktree is committed to diversity and equal opportunity employment. Employment decisions are not based on race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, disability, HIV status, medical condition as defined by state law, pregnancy, childbirth, veteran status, marital status, familial status, genetic information, domestic violence victim status, or any other protected classification. This policy applies to hiring, placement, internal promotions, training, advancement, recruitment advertising, transfers, demotions, layoffs, terminations, pay and all other employment terms and benefits for all Oaktree applicants, employees, clients, and contractors.
Seniority Level Mid‑Senior level.
Employment Type Full-time.
Job Function Finance.
Industries Financial Services, Investment Management, Venture Capital, and Private Equity Principals.
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Our culture is collaborative, curious, inclusive, and honors diversity of thought. We provide training and career development opportunities and emphasize strong support for local communities through philanthropic initiatives.
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 disposals into Oaktree’s accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging.
Scope and Responsibilities
Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely entry into Oaktree’s system.
Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in a timely and accurate manner.
Process deal lifecycle events from an accounting perspective by booking credit events, reorganizations, amendments, and exits.
Process and account for cash movements through complex legal entity structures, ensuring proper booking in Oaktree’s accounting system.
Work with stakeholders to fund and close private deal transactions, including cash positioning and funding within demanding timelines.
Coordinate and respond to inquiries from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties.
Stage FX orders to raise cash and hedge currency risk.
Ensure cash availability for upcoming purchases, redemptions, and other transactions.
Forecast available cash balances.
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.
Establish 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.
Experience Required
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.
Expertise in Excel for data analysis, pivot tables, charts, and formulas.
Knowledge of SharePoint, Power BI, SQL, and VBA is a plus.
Track record of process improvement.
Experience working with complex fund and deal entity structures.
Personal Attributes
Collaborative, team‑oriented individual with strong integrity and professionalism.
Outstanding initiative and a self‑starter.
Demonstrates non‑linear thinking and excellent written, verbal, and interpersonal communication skills.
Critical thinking and independent problem solving, participating in projects for improved efficiency and automation.
Able to work under tight deadlines and high pressure.
Ability to prioritize and manage multiple competing tasks.
Strong verbal and written communication skills.
Strong quantitative and analytical skills.
Excellent attention to detail.
Education Bachelor’s degree is required. A Certified Public Accountant (CPA) with private deal experience is strongly preferred.
Base Pay Range $125,000–$185,000.
Equal Opportunity Employment Policy Oaktree is committed to diversity and equal opportunity employment. Employment decisions are not based on race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, disability, HIV status, medical condition as defined by state law, pregnancy, childbirth, veteran status, marital status, familial status, genetic information, domestic violence victim status, or any other protected classification. This policy applies to hiring, placement, internal promotions, training, advancement, recruitment advertising, transfers, demotions, layoffs, terminations, pay and all other employment terms and benefits for all Oaktree applicants, employees, clients, and contractors.
Seniority Level Mid‑Senior level.
Employment Type Full-time.
Job Function Finance.
Industries Financial Services, Investment Management, Venture Capital, and Private Equity Principals.
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