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    Risk Controller VP - Chicago, IL, United States - Blue Owl

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    Description
    Blue Owl (


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

    With over $165 billion in assets under management as of December 31, 2023, 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 685 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit
    Position Overview

    Blue Owl is looking for an energetic and strategic accounting professional to exclusively manage one of their closed-end, European real estate private equity funds.

    This is an exciting opportunity to join a company experiencing tremendous growth.

    The qualified Vice President will be open to new ideas and processes, and help the Company institutionalize existing practices, working with the support of a highly collaborative team.


    Responsibilities:
    Accurately report financial data for property level entities and fund level entities in accordance with deadlines.
    Properly present consolidated financials for close end parallel funds.

    Review journal entries for consolidating entities related to purchases, sales and monthly operations, currency purchases/exchanges, swap setting, reconcile monthly bank accounts and corresponding journal entries.

    Prepare supporting schedules for all material balance sheet accounts.
    Perform variance analysis and timely reconciliation of general ledger accounts.
    Provide lenders with debt compliance and other financial information as required by loan documents.
    Oversee the local currency and functional currency accounting processes.
    Effectively manage multiple weekly, monthly and quarterly deadlines.

    Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines per limited partnership agreements.

    Oversee intercompany transactions and reconciliations, ensuring proper elimination and consolidation of intercompany balances.
    Effectively communicate with team members and management.
    Prepare and Present accounting, budgeting, reporting, and accounting system matters to senior management.
    Prepare revenue and expense forecasts.
    Determine and monitor cash requirements on a recurring basis.

    Well versed in calculating fund returns.

    Able to interpret waterfall terms per limited partnership agreement and prepare calculation to determine preferred returns to investors and carried interest earned by general partner.

    Experience interpreting limited partnership agreement, long terms lease and mortgages.
    Experience with reporting investment activity to institutional investors.
    Respond to requests for information from lenders, owners and investors.
    Coordinate with external auditors and tax preparers for year-end audit and tax return preparation.
    Monitor procedures and internal controls to ensure compliance with Company policies and make recommendations for improvements.

    Implement effective internal controls, recommend to management the implementation of policies, procedures, processes and controls based on continual analysis of current accounting processes.


    Qualifications:
    ~7+ years of private equity accounting experience.
    ~3-5+ years of international accounting experience.
    ~ Knowledge of IFRS
    ~ Experience working with third-party fund administrators.
    ~"Fair value" accounting background.
    ~ Understanding of debt agreements.
    ~ Must be deadline focused, organized, and exhibit problem-solving skills, able to handle multiple deadlines at the same time.
    ~ Ability to efficiently utilize excel spreadsheets and accounting software systems.
    ~ Able to thrive in an entrepreneurial and proactive environment.
    ~ Experience interpreting limited partnership agreement, long terms lease and mortgages.
    ~ Experience with reporting investment activity to institutional investors

    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.

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