Real Assets Accounting, Senior Associate

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.