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About the Role

The Vice President will be the first IG focused ABF hire, primarily responsible for structuring IG ABF investments and contributing to all phases of the investment process, from sourcing to realization.

Responsibilities

• Identify business objectives, constraints, and preferences of various stakeholders.
• Design financing arrangements that are capital efficient for insurers and acceptable to all stakeholders.
• Manage stakeholder buy-in, structuring, modeling, rating outcomes, and transaction execution.
• Follow up on introductions and inquiries relevant to the ABF strategy.
• Identify situations where an investment can be rated and work with investment teams to negotiate terms.
• Work with rating agencies and financing counterparties on rated asset-backed lending facilities.
• Guide IG ABF product development and develop creative, capital-efficient solutions for insurance-company balance sheets.
• Lead or participate in diligence, negotiation of terms and documentation, building models, and preparing investment memoranda for the ABF investment committee.
• Train and supervise associates and analysts on the ABF team.
• Train and educate the ABF investment team on rating and structuring techniques.
• Gain familiarity with Oaktree’s various pools of capital available for ABF investments and their constraints.

Requirements

• 6-10 years relevant experience within asset finance or structuring at an investment bank or investing across securitized collateral types at an investment manager.
• Facility with Excel and PowerPoint.
• Strong experience reviewing financial agreements.
• Knowledge of fixed income fundamentals, asset backed finance, and securitization.
• Experience executing private asset-backed investments without relying on an arranging bank.
• Experience working with rating agencies and leading processes to rate ABS securities or other asset backed investments.
• Knowledge of rating methodologies for various sectors or ability to get up to speed quickly.
• Experience with CFO rating methodologies, rated feeders, NAV and ABL financing, preferred.
• Experience with insurance companies and capital efficiency considerations for insurance balance sheets.
• Familiarity with insurance capital, NAIC rating requirements or equivalent US and EU insurance-capital frameworks.
• Experience with rated warehouse facilities preferred.
• Clever, intellectually curious, creative, resourceful, enjoys solving problems and going through novel, complex situations, quick study.
• Driven, productive, responsible, detail oriented, organized.
• Team oriented with high integrity.
• Professional, relationship-oriented, and a strong communicator.
• Collaborative partner across investment teams and counterparties.
• Effective teacher and student.

Skills

• Excel
• PowerPoint
• Fixed income fundamentals
• Asset backed finance
• Securitization
• Private asset-backed investments
• Rating agency processes
• ABS securities
• Asset backed investments
• Rating methodologies
• CFO rating methodologies
• Rated feeders
• NAV
• ABL financing
• Insurance companies
• Capital efficiency
• Insurance capital
• NAIC rating requirements
• US insurance-capital frameworks
• EU insurance-capital frameworks
• Rated warehouse facilities

Location

• Los Angeles

Work Type

• Flexible work arrangement

Experience Level

• Vice President
• 6-10 years relevant experience

Education Level

• Bachelor’s Degree from a top university

Salary/Compensations

• $225,000 - $275,000

Benefits

• Discretionary bonus incentives
• Comprehensive benefits package

About the 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 1,500 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.
• Oaktree Asset Backed Finance (“ABF”) is a step-out strategy which invests in pools of contractual assets, such as loans, leases, receivables, mortgages and licensing agreements, which may or may not reference property or other hard assets.
• Asset categories include corporate, consumer, real estate, transportation, equipment, infrastructure, energy, intellectual property and other esoteric types.
• Oaktree ABF represents Oaktree’s first client offering dedicated to ABF.
• Based on the expanding ABF opportunity set and client demand both in unrated ABF and formally rated investment grade ABF (IG ABF), Oaktree ABF is expected to grow significantly.
• Oaktree judges the ABF Strategy’s success and value by outcomes delivered to clients, consistent with or exceeding expectations, over the medium and long term.

Equal Opportunity

• 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, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.