Senior Vice President, Corporate Accounting
Company: Knewin
Location: Los Angeles
Posted on: May 3, 2024
Job Description:
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. Overview of Role & Qualifications The
Corporate Accounting Department at Oaktree is seeking to add a
Senior Vice President to serve as a strategic leader that will
drive the upcoming transformation of its key processes and systems,
partner with teams across the Finance Organization and Oaktree and
develop its highly talented team. Strategy & Change Management
Responsibilities
- Assist in developing and driving the strategic vision of the
Corporate Accounting function;
- Challenge the status quo and oversee the creation of best in
class business process;
- Evaluate roles and responsibilities, identify opportunities for
improvement, and drive maximum efficiency and leverage of onshore
and offshore resources
- Partner with other leaders within finance and the broader
Oaktree organization to drive collaboration, process improvements,
automation and efficiency
- Partner with Oaktree leadership to re-assess reporting needs
and deliver value-add, qualitative reporting;
- Ensure maximum transformation is achieved via upcoming
implementation of new general ledger and consolidation system
- Drive the conversion of the current quarterly close to a
value-add monthly close process, creating improved visibility to
leadership and budget owners, and more efficient quarterly close
Core Functional Responsibilities
- Oversight of accounting for revenues and other arrangements
from Oaktree's managed funds, including management fees, incentive
income and investment income;
- Management of all aspects of the global consolidation of the
Company's operating entities and investment funds, including
consolidation entries, foreign currency, intercompany transactions
and reconciliations, and elimination process;
- Management of our relationship with and reporting to our parent
companies (Brookfield Corporation and Brookfield Asset
Management);
- Oversight of accounting policy, including technical accounting
assessments, interim and annual assessments, and adoption of new
accounting standards;
- Provide counsel on accounting-related issues, disclosure
obligations related to business transactions, and financial
statements;
- Review and analyze consolidated financial statements, including
the balance sheet, income statement, statement of cash flows and
statement of unitholders' capital in conformity with U.S. GAAP and
SEC reporting requirements, and for value-add internal management
reporting purposes;
- Identify and implement process improvement initiatives and
design ad hoc financial analyses as required for monthly and
quarterly management reporting;
- Ensure compliance with all policies and requirements and
provide accurate, timely, and useful management reports;
- Oversee preparation of materials for management and audit
committee meetings;
- Manage and direct internal and external reporting requirements
including GAAP financial statements, SEC filings (Form 10K/10Q and
others), IFRS reporting, creditor/debt covenant reporting, tax
reporting, and any other public reporting or filing
requirements;
- Perform and/or review certain key internal control
processes;
- Manage day-to-day interactions with external audit firm
regarding annual audits and quarterly reviews, as well as
Brookfield-related instructions. Work with auditors to bring
efficiencies to the audit process;
- Manage relationship and coordination with Oaktree's
"Environmental, Social and Governance ("ESG") Group; and
- Interface with external stakeholders including SEC, FASB, FINRA
and other agencies. Leadership & Development
- Leadership: Responsible for day-to-day leadership and
development of their direct and indirect reports, management of key
stakeholders and relationships within the finance organization and
other Oaktree departments, as well as contributing to and
maintaining a client service and results-oriented culture within
the finance organization and the corporate accounting team.
- Talent Management: People development and recruiting will be
critical components of the role, as well as performance and career
management, training and mentoring of their team.
- Business Process Improvement & Technology: Play a key role in
leading accounting process improvements, change initiatives,
streamlining processes, developing metrics, and creating
efficiencies within the department. Previous experience aiding in
implementing ERP and consolidation systems would be helpful.
Partner with Information Technology to ensure the technical
infrastructure and consolidation processes supporting financial
reporting are designed to meet key control objectives and operate
effectively.
- Relationship Building: Works effectively with strong, diverse
teams of people with multiple perspectives, talents, and
backgrounds. He or she is known for doing what is best irrespective
of politics and is comfortable with consensus building (at multiple
levels) and soliciting constructive feedback; ability to elicit
cooperation from a wide variety of participants including upper
management, clients, other departments, and 3rd party
providers.
- Communication: Strong interpersonal and verbal/written
communication skills; ability to present complex material.
- Independence & Collaboration: Experience at working both
independently and in a team-oriented, collaborative environment;
must be able to drive work effectively with limited supervision
while representing department and executive management interests
and concerns.
- Work Ethic: Focus on continual development, performance,
accountability and self-motivation.
- Flexibility & Organization: Adapt to shifting priorities,
demands and timelines through analytical and problem-solving
capabilities; proven ability to multi-task and efficiently manage
time across competing activities/resources; able to effectively
prioritize, execute tasks, and thrive in a high-pressure fast paced
environment.
- Intellectual Curiosity: Energized by learning new things and
engaging across a wide range of issues; must have strong
problem-solving skills; adept at conducting research into
project-related issues and products; displays a technical aptitude
that lends itself to learning and mastering new technologies.
- Driving Results: Sets aggressive timelines and objectives to
drive results, conveys a sense of urgency, and drives issues to
closure; is a self-starter committed to achieving results and has a
strong sense of ownership and follow-through.
- Judgment: Makes recommendations and decisions that balance a
variety of factors. Other Qualifications
- Minimum 12 years' experience in accounting and financial
reporting at a public accounting firm and/or the accounting
function of a publicly traded company in progressive accounting and
finance roles;
- Asset management experience preferred;
- Proven track record in driving process and technology change
within an organization;
- Participation in a general ledger/consolidation tool/financial
system implementation a plus;
- Strong knowledge of GAAP and SOX is required and working
knowledge of IFRS is an added plus;
- Strong accounting and technical expertise in accounting policy
and reporting and disclosure requirements;
- Excellent understanding of legal entity and investment
structures as well as operational concepts;
- Solid analytical skills and ability to understand and resolve
complex problems;
- Experience with Workday, Workiva, or other accounting and
reporting systems a must; and,
- Proficiency in Microsoft Excel, PowerPoint and Word. Education
- A Bachelor's degree in Accounting, Finance or related field;
CPA preferred; Graduate degree a plus. Base Salary Range $190,000 -
$225,000 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.
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Keywords: Knewin, Cypress , Senior Vice President, Corporate Accounting, Accounting, Auditing , Los Angeles, California
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