| May 30, 2024

Senior Associate Accountant in Carried Interest – Impact Investing Jobs at Blue Owl

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Website Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With over $174 billion in assets under management as of March 31, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 725 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Position Overview

We are seeking a Senior Associate, Accountant to assist with administering our employee loan program and carry participant vehicles. We are looking to move away from Excel and implement partnership accounting and investor reporting software. Thus, we are seeking someone that is familiar with the fund accounting lifecycle and the various operational functions required to issue capital calls and distributions.  Additionally, this person needs the ability to work with sensitive and confidential information; demonstrate an ability to prioritize assignments and complete work with little direction.

Responsibilities

  • Review capital call and distribution request submissions for our employee loan program (“ELP”).
  • Partner with offshore team to ensure ELP tracking system is properly maintained.
  • Orchestrate the ELP Annual Compliance Review.
  • Execute the onboarding of new pledged affiliates to the ELP, coordinating with internal stakeholders and external financial institutions.
  • Collaborate across the organization to collect pertinent data to administer the carry award process.
  • Ensure carry allocation software system contains current and accurate participant and fund information.
  • Prepare or review quarterly and annual close workpapers for various open and closed end carry vehicles.
  • Calculate allocations of carry and investment income in accordance with the applicable Limited Partnership Agreements (“LPAs”).
  • Review and understand fund documents ensuring income allocations and distribution calculations are in accordance with LPAs.
  • Assist with on-boarding new carry plan vehicles.
  • Calculate capital calls, distributions, generate notices and handle the banking process.
  • Provide analytical and tactical support for corporate-wide requests and special projects.

Requirements:

  • Experience working in Microsoft Excel developing formulas and macros.
  • Strong verbal and written communication skills.
  • Accounting or Finance degree required.
  • Experience working at an investment manager or fund administrator preferred

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.

ID:100880

To apply for this job please visit blueowl.wd1.myworkdayjobs.com.