Expense Accounting, Internal Control, VBA & Reporting, Analyst

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with $223 billion in assets under management as of December 31, 2025. 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 1,400 employees and offices in 25 cities worldwide.

For additional information please visit our website at www.oaktreecapital.com.

Responsibilities

The Expense Advisory team is a newly established function within Expense Management & Analysis, focused on improving the accuracy and consistency of expense coding and allocation decisions at the source.

This role is not a traditional processing role — it is an analytical and advisory position that partners with expense owners, Fund Accounting, and corporate functions to ensure expenses are appropriately coded, allocated, and aligned according to policy and funds’ governing documents.

The Analyst will develop subject matter expertise across vendors, business activities, and allocation methodologies, and will play a key role in identifying and preventing errors before they propagate through the expense lifecycle.

Typical responsibilities:

1. Expense Advisory & Business Partnership

• Partner with expense owners and cost center administrators to provide guidance on expense coding and allocation
• AdviseAdvice on appropriate corporate vs fund treatment based on nature of spend
• Support resolution of complex or ambiguous expense scenarios

2. Vendor & Expense Expertise

• Develop subject matter expertise on key vendors, services, and recurring expense types
• Document and maintain standardized coding and allocation approaches
• Identify inconsistencies and recommend improvements

3. Fund Allocation & Policy Alignment

• Partner with Fund Accounting to understand fund expense allowability and strategy-specific nuances
• Support interpretation of fund governing documents as they relate to expense allocation
• Help ensure consistency in allocation instructions across similar scenarios

4. Process Improvement & Rejection Reduction

• Analyze historical errors, rework, and Fund Accounting rejections
• Identify root causes and recommend solutions
• Support initiatives to reduce manual rework and improve first-pass accuracy

5. Knowledge Base & Documentation

• Build and maintain centralized documentation of:
  • supplier relationships
  • coding standards
  • allocation methodologies
• Contribute to development of guidance materials for the broader organization

Qualifications

• 6+ years of experience, preferably in Accounts Payable, Accounts Receivable, Accounting, or Master Data Management within the financial services industry, and preferably in the investment management industry
• Prefer experience within Public Accounting and Investment firms, preferably with a focus on consulting, audit and/or corporate finance functions
• Track record in business analysis and process improvement
• Strong analytical skills and ability to understand and resolve complex problems
• Experience working with judgment-based processes or ambiguous data
• Experience in stakeholder-facing roles
• Experience analyzing data to identify trends, inconsistencies, and root causes
• Expertise in Workday, Microsoft Excel, Word, PowerPoint, and Power BI

Personal Attributes

• 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 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 (at times) 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.

Education

• BachelorBachelor’s degree required.

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.

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.