The Oaktree ABF Strategy

Oaktree Asset Backed Finance (“ABF”) is a recently formed strategy which invests in pools of contractual assets, or “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. On behalf of ABF funds and clients, Oaktree:

• Purchases, or commits to purchase, assets, with or without leverage
• Lends, or commits to lend, secured by assets, in a senior or mezzanine position
• Insures, or provides capital relief against, assets
• Provides essential capital to a business primarily engaged in the origination and servicing of assets

While Oaktree has significant experience successfully investing client capital in ABF opportunities as a sub-allocation to existing funds, Oaktree ABF represents Oaktree’s first client offering dedicated to ABF.  Based on the expanding ABF opportunity set and client demand, 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. 

Overview of Role & Qualifications

The ABF Asset Management Associate will manage information, activity, and decisions subsequent to Oaktree’s commitment to an investment. 

The candidate will:

• Advise on and negotiate each party’s reporting obligations at the time of investment. 
• Provide front office oversight of both initial and follow-on fundings of private investments. 
• Review draw requests and borrowing base calculations provided by borrowers and agents.
• Review private borrower reporting for performance trends.
• Communicate with financing providers.
• Collect, organize and manage information about existing investments to support portfolio management decisions, client reporting, client diligence and portfolio construction.
• Manage relationships with agents, trustees, service providers and vendors.
• Participate in the valuation of existing investments.
• Work closely with the ABF investment team, legal, client service and trade operations.
• Perform other tasks or projects as requested.

Experience required

• 3+ years’ experience in securitized products, portfolio management, client reporting or trade operations.  Professional experience working with excel.  This role will focus on data management not forecasting.
• Working knowledge of fixed income fundamentals.
• Highly analytical with experience reading through financial agreements to find answers to specific questions.

Attributes

• Highly process oriented, organized
• Attention to detail, precise communicator
• Enjoys collaborating with new people on one-time projects
• Intellectually curious and resourceful

Education

Bachelor’s Degree from a reputable university

Interested candidates should email 

Jerilyn Castillo McAniff

Managing Director

Head of Diversity & Inclusion

jmcaniff@oaktreecapital.com