Real Assets Accounting, Senior Associate
@ Blue Owl Capital Holdings LLCReal Assets Accounting, Senior Associate
About the job
Blue Owl is a leading asset manager with over $319B AUM, focusing on alternative investments. The Senior Associate role involves monthly reporting, cash management, and coordination within a collaborative team to support real estate investment operations.
Requirements
- 4-6 years public or real estate experience
- Knowledge of GAAP (cost/fair value)
- Understand leases and debt agreements
- Proficient in Excel spreadsheets
- Deadline-focused and organized
Qualifications
- Bachelor’s degree in related field
- CPA preferred but not required
Full 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
Blue Owl is looking for an energetic and strategic accounting professional for their non-traded Real Estate Investment Trust (REIT). This is an exciting opportunity to join a company experiencing tremendous growth. The qualified Senior Associate 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:
Monthly Reporting
Provide fund administrators with all supporting documentation for month-end close
First level review of supporting monthly workbooks, including:
Cash
Equity
Debt financing
Accruals and expenses
Real estate, debt, and derivative valuations
Derivative hedge entries
Debt investments
Rental revenue
Organize and review ASC 805 purchase price allocations for property acquisitions
Coordinate and review monthly reporting provided by joint venture partners
Prepare monthly distribution calculations
Review financial reporting packages, including calculation of Net Asset Value, NAV per share, management fees, and incentive fees
Provide lenders with debt compliance and other financial information as required by loan documents
Perform variance analysis and timely reconciliation of general ledger accounts
Cash management
Prepare and/or review wire requests for Fund disbursements
Work with AP team to ensure invoices are tracked, approved, and paid timely
Support Fund Vice Presidents in cash management and planning
Audit and Tax
Review REIT test performed by third parties
Prepare and provide supporting schedules for audit
Assist in preparation of quarterly financial statements in Workiva
Coordinate with other internal teams (e.g. asset management, transactions, real estate credit, etc.) in accounting for new investments and ongoing operations
Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines
Qualifications:
4 - 6 years of public accounting or real estate industry experience
Knowledge of historical cost and/or fair value GAAP
Ability to understand leases, debt agreements, purchase and sale agreements, and partnership agreements
Leverage AI as a tool to drive efficiency
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
Bachelor’s degree in related field
CPA preferred, not required
The base annual salary range for this Chicago based position will be $125,000 - $135,000. Actual salary offered will be based on the candidate’s skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Benefits for this role include Health, Dental and Vision insurance, 401(k), Healthcare and Dependent Care Flexible Spending Account, Short Term Disability insurance, Long Term Disability Insurance, Family Planning Support, Paid Time Off, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company’s benefits plans and policies.
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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