Manager, Bank Debt Accounting & Processing

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 1200 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
The Manager position for Bank Debt Accounting & Processing will work closely with agents, custodians, traders, investment teams, and accounting teams and be responsible for ensuring all post-settlement Bank Debt activity is processed timely and accurately to Oaktree's books and records. In addition, this person will be engaged with various initiatives to increase straight through processing capabilities, improve processes, identify and evaluate technology based solutions, participate in cross-functional initiatives, work with the technology team to design, write specifications, test, and deliver new functionality.
Scope and responsibilities

• Oversee an offshore team based in India of 5-6 individuals focused on providing Bank Debt servicing responsibilities;
• Monitor day-to-day bank loan events and ensure they are processed accurately and timely across multiple accounts, funds, and special purpose vehicles;
• Confirm event details with agents in an expedited fashion when necessary;
• Review drawdown requests, obtain required approvals and coordinate with Accounting team on payment of all revolver and delayed draw fundings
• Trouble-shoot problematic events processed across Geneva, Oaktree's accounting based platform;
• Ensure Oaktree is meeting requirements related to event processing and validating the team is following all daily procedures and audit requirements;
• Monitor Bank Debt trades to ensure events taking place between trade and settlement are accounted for and properly attributed towards ultimate settlement of trades;
• Analyze reported position and cash breaks and work with agents, custodians, and other required parties to effectively resolve;
• Facilitate meetings with accounting, reconciliation teams, and other stakeholder groups to address processing issues or other concerns;
• Document effective procedures and train others where necessary;

Experience required

• 5+ years relevant operations experience; specific expertise and knowledge of syndicated and non-syndicated loans;
• Effective communication skills for interacting with front office personnel, accounting teams, offshore service providers, agents, and custodian banks
• Experience working with industry utilities and communication protocols such as Geneva, Wall Street Office, ClearPar, along with comprehension of various agents notices;
• Strong quantitative and analytical skills
• Knowledge and understanding of Advent's Geneva Accounting system a huge plus

Personal attributes

• Excellent interpersonal, verbal and written communication skills;
• Strong initiative and a self-starter with a proven ability to work under minimal supervision;
• Ability to multi-task, work well under pressure, and think out-of-the-box;
• Collaborative, team-oriented individual with strong sense of integrity and professionalism

Education
A Bachelor's degree is required.
Base Salary Range
$100,000 - $120,000
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.