Analyst, Revenue Accounting
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 our website at www.oaktreecapital.com.
Scope and Responsibilities
Responsibilities include but are not limited to:
The Corporate Accounting Analyst will provide operational and procedural support within the Corporate Accounting department, with a primary focus on revenue accounting - including investment income, management fees, and incentive fees/income. Responsibilities include but are not limited to:
Ensure timely and accurate accounting, reporting, and analysis of revenue-related activities, including investment income, management fees, incentive fees/income, related compensation expenses, and other fund-related transactions.
Prepare, maintain, and own revenue accounting schedules, including management fee, investment income, and incentive compensation calculations, as well as related general ledger analyses and balance sheet reconciliations.
Analyze investment management agreements, fee arrangements, and incentive compensation agreements to determine appropriate accounting treatment and revenue recognition.
Perform revenue recognition assessments in accordance with US GAAP, including ASC 606 (Revenue from Contracts with Customers), and company accounting policies, while maintaining comprehensive documentation of accounting conclusions.
Prepare quarterly reconciliations of non-GAAP and GAAP results, focusing on management fees, investment income, and incentive income/expense.
Prepare and post journal entries related to management fees, investment income, incentive fees, and other fund-related transactions, ensuring accuracy and completeness.
Support month-end and quarter-end close activities, including roll-forward reporting schedules and preparation of variance analyses for monthly and quarterly financial results.
Coordinate with cross-functional teams, including Fund Accounting, International Accounting, Tax, Treasury, Investor Relations, and other stakeholders, to reconcile cash activity and ensure alignment with financial reporting.
Monitor daily cash postings and review supporting documentation for revenue-related transactions.
Perform ad hoc financial analyses and support management reporting requirements.
Participate in special projects, process documentation initiatives, and accounting policy development related to revenue streams and fund operations.
Identify and support opportunities for process enhancements, automation, and operational efficiency improvements.
Execute and maintain key internal controls to ensure compliance with corporate accounting policies, financial reporting standards, and regulatory requirements.
Assist with finance systems implementations and enhancements, including Workday and other revenue accounting-related initiatives
Experience Required
3 to 4 years of progressive accounting experience with significant exposure to revenue accounting, including investment income, management fees, and/or incentive fee arrangements.
Strong understanding and practical application of US GAAP, particularly ASC 606 (Revenue from Contracts with Customers).
Experience within asset management, banking, private equity, alternative investments, or broader financial services environments is strongly preferred.
Solid knowledge of general ledger accounting, account reconciliations, financial analysis, and month-end close processes.
Proven ability to interpret complex fee arrangements, investment management agreements, and incentive compensation structures, and resolve related accounting issues.
Strong analytical, problem-solving, and organizational skills with keen attention to detail.
Ability to work effectively in a collaborative, cross-functional team environment.
Advanced proficiency in Microsoft Excel and strong working knowledge of Microsoft Word.
Experience with Workday Financials or similar ERP systems is preferred
Personal Attributes
Outstanding organizational skills with a strong attention to detail.
Team-oriented with strong integrity and professionalism.
Ability to work in a collaborative manner and gain the confidence of a wide variety of stakeholders across departments.
Excellent interpersonal, verbal, and written communication skills.
Proficient at working both independently and collaboratively; a self-starter committed to achieving results with a strong sense of ownership and follow-through.
Ability to work well under pressure and with time constraints.
Ability to take the lead on projects and communicate on follow-up items and progress as scope of work expands
Education
Chartered Accountant (CA) required, with 3-4 years of post-qualification experience in revenue accounting. Prior experience in banking or financial services is preferred.
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.