Real Assets Accounting, Senior Associate

blueowl; Chicago (IL); On-site; USD 125,000 - 135,000; Full time

Benefits offered by this job

Health, Dental and Vision insurance

401(k)

FSA – Healthcare and Dependent Care

Short Term Disability insurance

Long Term Disability Insurance

Family Planning Support

Paid Time Off

Leave of Absences

Job summary

Blue Owl, a leading asset manager, seeks an energetic Senior Associate for its non-traded REIT accounting team in Chicago. You will support monthly reporting, ASC 805 allocations, and NAV calculations, coordinating with joint venture partners and lenders.

The ideal candidate has 4–6 years in public accounting or real estate, strong GAAP knowledge, and Excel proficiency. Bachelor’s degree required; CPA preferred but not required.

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.
• Ability to efficiently utilize Excel spreadsheets.
• Bachelor’s degree in related field.
• CPA preferred, not required.

Responsibilities

• Monthly Reporting: provide fund administrators with supporting documentation for month-end close and review monthly workbooks.
• Cash management: prepare/review wire requests and coordinate with AP to ensure timely payments.
• Audit and Tax: review REIT tests and assist in quarterly financial statements in Workiva.
• Coordinate with internal teams on new investments and ongoing operations.
• Prioritize ad hoc requests while meeting reporting deadlines.

Skills

Public accounting

Real estate exp

GAAP knowledge

Excel skills

Lease/debt contracts

AI tooling

Deadline driven

Bachelor’s degree

Education

Bachelor’s degree in related field

CPA preferred

Tools

Workiva

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 thisChicago based position will be $125,000 - $135,000.Actualsalary 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
• 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.