Associate - Legal Entity Controllership

Blue Owl Capital Holdings LLC; Short Hills (NJ); On-site; USD 110,000 - 120,000; Full time

Benefits offered by this job

Discretionary bonus

Job summary

Blue Owl Capital Holdings LLC is seeking an Associate to join the Legal Entity Controllership team, owning the Consolidated G&A accounting framework and the month-end close process for the firm’s multi-entity structure. The role emphasizes accuracy, controls, and process improvement, with opportunities to automate journal entries, support audits, and partner with FP&A, Tax, and business teams.

Candidates should have a BA in Accounting, 2–4 years in public or corporate accounting, strong

Qualifications

• Bachelor's degree in Accounting, Finance, or related discipline.
• 2–4 years in public accounting or corporate accounting/controllership within financial services.
• Strong US GAAP knowledge and month-end close experience.
• Advanced Excel skills including pivot, lookup, SUMIFS, large datasets.
• CPA designation preferred or active progress toward CPA.
• Experience with multi-entity accounting and external audits.

Responsibilities

• Consolidated G&A accounting (primary focus).
• Own month-end close for the consolidated G&A expense base.
• Prepare and record journal entries, accruals, reclasses, and prepaid amortization.
• Ensure expenses are recorded in correct entity and account.
• Perform accrual management and variance analyses.
• Collaborate with FP&A to explain drivers and timing differences.
• Reconcile G&A balance sheet accounts; manage items timely.
• Maintain audit trail from source to balances.

Skills

Advanced Excel

Analytical skills

Communication

Public accounting

Education

Bachelor's degree in Accounting

CPA (preferred)

Tools

Workday

NetSuite

Oracle Financials

SAP

Hyperion

OneStream

Anaplan

EAS

Job description

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

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.

Key Responsibilities

• Consolidated G&A Accounting (Primary Focus)
• 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.
• Legal Entity Controllership 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.

Qualifications

• 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.
• Preferred 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.

It is expected that the base annual salary range for this New Jersey based position will be $110,000 to 120,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

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.

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com