Associate - Legal Entity Controllership

Blue Owl; Short Hills (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

Blue Owl is seeking an Associate to join the Legal Entity Controllership team in Short Hills, NJ. You will own the month-end close for consolidated G&A, maintain the expense base, and ensure accurate accruals across the multi-entity structure.

The role offers hands-on process improvement opportunities, audit support responsibilities, and collaboration with FP&A, Tax, and business teams to drive efficiency and robust reporting for the firm’s operating expenses.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related discipline.
• 2 to 4 years of relevant experience in public accounting or corporate accounting/controllership in financial services.
• Strong understanding of U.S. GAAP and month-end close processes.
• Advanced Excel skills, including pivot tables and lookups.
• Ability to reconcile and analyze data across multiple systems.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent written and verbal communication skills.

Responsibilities

• Own the month-end close process for the consolidated G&A expense base.
• Prepare and record journal entries, accruals, reclassifications, and prepaid expense amortization.
• Reconcile G&A balance sheet accounts and maintain audit trails.
• Conduct variance analyses with FP&A and explain key drivers.
• Support audit processes with schedules and responses to inquiries.
• Collaborate with FP&A, Tax, and business stakeholders on entity-level expenses.
• Identify opportunities to improve efficiency and automate close processes.

Skills

U.S. GAAP knowledge

Month-end close

Advanced Excel

Data reconciliation

Analytical skills

Communication skills

Attention to detail

Deadline-driven

Education

Bachelor's degree in Accounting, Finance, or related

Tools

Microsoft Excel

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

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.

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

• Required
  • 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-entit