VP/Principal - Carried Interest Tax

Blue Owl Capital•Short Hills, NJ

8d•$175,000 - $200,000

About The Position

Blue Owl is seeking a VP/Principal to serve as the primary point of contact for carried interest tax matters. The role oversees tax returns, estimated tax calculations, tax payments, tax distributions, reporting, and related administration. It works closely with internal departments, senior leadership, external service providers, and tax advisors to support carried interest operations, corporate tax strategy, and firmwide initiatives. The position also supports accounting, reporting, participant communications, and other carried interest team activities as needed.

Requirements

10+ years of relevant tax, partnership accounting, or carried interest administration experience.
Strong knowledge of partnership taxation, taxable income allocations, Schedule K-1 reporting, and capital account reconciliations.
Excellent verbal and written communication skills and ability to manage relationships across internal teams and external service providers.
Ability to work independently, manage multiple priorities, meet deadlines, and handle sensitive information with discretion.
Strong analytical, organizational, and problem-solving skills, with a high level of attention to detail.

Nice To Haves

CPA designation preferred.
Private equity, private funds, or alternative asset management experience strongly preferred.

Responsibilities

Serve as the primary point of contact for carried interest tax matters, including tax returns, estimated tax calculations, tax payments, and tax distributions.
Develop and maintain partnerships across internal departments to support carried interest administration, resolve cross-functional issues, and advance firmwide initiatives, including corporate tax strategy.
Prepare and analyze executive-level reporting on carried interest activity, operational initiatives, and key business developments for senior leadership and other stakeholders.
Support the design, implementation, and enhancement of technology solutions for carried interest reporting, administration, and tax compliance.
Maintain the carried interest tax tracker and executive tax advisor directory, ensuring information is accurate, complete, and current.
Review and validate taxable income allocations, participant demographic information, estimated taxable income calculations, and related tax reporting data.
Reconcile taxable income activity to capital account rollforwards, underlying fund Schedule K-1s, and estimate-to-actual analyses; investigate and resolve discrepancies, material variances, and outstanding items with internal stakeholders and external tax advisors.
Oversee quarterly and annual tax payments, including preparing tax distribution calculations, coordinating distributions, and working with Accounts Payable to ensure timely and accurate payments to federal, state, local, and foreign tax authorities.
Manage relationships with external service providers, including Big Four accounting firms and other tax advisors.
Support the broader carried interest team across accounting, reporting, participant communications, and other operational initiatives as needed.