Senior Associate, Real Assets Accounting - Chicago

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

With over $307 billion in assets under management as of December 31, 2025, 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 approximately 1,365 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

Overview:

Blue Owl is looking for an energetic and strategic accounting professional to exclusively manage one of their real estate private equity funds. 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:

• Accurately report financial data for property level entities and fund level entities in accordance with deadlines.

• Properly present consolidated financials for parallel funds.
• Ensure that Generally Acceptable Accounting Principles are being adhered to for all financial reporting periods, financial presentations and footnote disclosures.
• Review journal entries for consolidating entities related to purchases, sales and monthly operations, 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.
• Review quarterly net asset value and price per unit in accordance with fund documents.
• 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.
• 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.
• Coordinate with external auditors and tax preparers for year-end audit and tax return preparation.
• Respond to requests for information from lenders, owners, and investors.
• Monitor procedures and internal controls to ensure compliance with Company policies and make recommendations for improvements.
• Implement effective internal controls and recommend to management the implementation of policies, procedures, processes and controls based on continual analysis of current accounting processes.

Requirements:

• 4+ years of private equity real estate accounting experience.
• Knowledge of REIT rules and tax implications, a plus.
• Experience working with third-party fund administrators.
• “Fair value” accounting background.
• Understanding of debt agreements.
• 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.

It is expected that the base annual salary range for this Chicago based position will be $110,000 - $140,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.