Associate - Legal Entity Controllership

The Role:
Blue Owl is seeking an Associate to join the Legal Entity Controllership team, with primary responsibility for overseeing the firm's consolidated General & Administrative (G&A) accounting framework.

The consolidated G&A construct serves as the foundation through which firmwide operating expenses are recorded, reviewed, and consolidated across the management company's legal entity structure. This framework is critical to the monthly close process and helps ensure the accuracy, completeness, and integrity of the firm's operating expense reporting.

This is a highly visible, hands-on role with significant opportunities to drive process improvement and operational efficiency. The Associate will own key aspects of the month-end close process, maintain the consolidated G&A expense base, and ensure the accuracy of the accruals, reconciliations, and controls that support it.

Month-End Close

• Own the month-end close process for the consolidated G&A expense base.
• Prepare and record journal entries, accruals, reclassifications, and prepaid expense amortization.
• Ensure expenses are recorded accurately within the appropriate legal entity and natural account in accordance with the close calendar.

Accrual Management

• Assess and validate the completeness and accuracy of the G&A accrual population each reporting period.
• Partner with business stakeholders and functional teams to identify and capture all relevant expenses.

Variance Analysis

• Perform period-over-period and budget-to-actual variance analyses.
• Collaborate with FP&A to explain key drivers, distinguish timing differences from structural changes, and support management reporting.

Reconciliations and Controls

• Reconcile G&A-related balance sheet accounts, including accruals, prepaid expenses, and accounts payable interfaces.
• Investigate and resolve reconciling items in a timely manner.
• Maintain a clear audit trail from source documentation through recorded balances.

Process Improvement & Automation

• Identify opportunities to improve efficiency, strengthen controls, and enhance reporting processes.
• Drive automation initiatives that reduce manual journal entries, minimize spreadsheet dependency, and streamline the close process.

Audit Support

• Prepare audit support schedules and PBC (Prepared-by-Client) deliverables for assigned entities.
• Respond to auditor inquiries and support the annual audit process.

Cross-Functional Partnership

• Serve as a key accounting contact for FP&A, Tax, and business stakeholders on entity-level expense matters.
• Support ad hoc requests related to operating expenses, legal entities, and consolidated G&A reporting.

Non-Consolidated Entity Accounting

• Manage the accounting, reporting, and related financial activities of Blue Owl's partner investment vehicle.

• Bachelor's degree in Accounting, Finance, or a related discipline.
• 2 to 4 years of relevant experience in public accounting (audit or advisory) or a corporate accounting/controllership function within financial services.
• Strong understanding of U.S. GAAP and month-end close processes, including journal entries, accrual accounting, and account reconciliations.
• Advanced Excel skills, including pivot tables, lookup functions, SUMIFS, and large-volume data analysis.
• Ability to reconcile and analyze data across multiple systems and sources.
• Strong analytical and problem-solving skills, with the ability to assess the reasonableness of balances and identify unusual trends or variances.
• High level of accuracy, attention to detail, and accountability in a deadline-driven environment.
• Excellent written and verbal communication skills, including the ability to explain accounting concepts and financial results to non-financial stakeholders.

• CPA designation or active progress toward CPA certification.
• Experience with corporate expense accounting and accrual management in a multi-entity environment.
• Exposure to alternative asset management, including private credit, private equity, or real assets.
• Understanding of management company and fund-level accounting structures.
• Experience supporting external audits within a multi-entity organization.
• Hands-on experience with ERP and financial consolidation systems such as Workday Financials, NetSuite, Oracle, SAP, Hyperion, OneStream, or Anaplan.
• Experience working with accounts payable and procurement platforms such as EAS.

Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.