Senior Associate - Real Estate Accounting

Blue Owl Capital; Chicago (IL); On-site; USD 125,000 - 135,000; Full time

Benefits offered by this job

Health Insurance

401(k)

Flexible Spending Accounts

Short/Long Term Disability

Paid Time Off

Family Planning Support

Job summary

Blue Owl is seeking a Senior Associate, Accounting to join the Real Estate Investment Trust (REIT) team in Chicago. The role focuses on monthly close, financial reporting, and cross-functional collaboration to drive disciplined accounting practices.

The successful candidate will have 4–6 years of public accounting or real estate experience, strong GAAP knowledge, and proficiency in Excel and financial modeling. CPA preferred but not required.

Qualifications

• 4 to 6 years of experience in public accounting and/or real estate industry.
• Strong knowledge of U.S. GAAP as it relates to real estate accounting.
• Understanding of SEC reporting requirements and public company practices.
• Familiarity with SOX compliance and internal controls.

Responsibilities

• Coordinate monthly close with fund administrators and provide supporting documentation.
• Review monthly accounting workbook schedules for cash, equity, debt, accruals, and depreciation.
• Prepare quarterly distribution calculations and review EPS and taxable income analyses.
• Provide lenders with debt compliance reporting under loan agreements.
• Assist with SEC filings (Forms 10-Q/10-K/8-K) via Workiva and SOX controls.
• Collaborate with Asset Management, Transactions, and Real Estate groups on investments.

Skills

GAAP knowledge

SEC reporting familiarity

Analytical thinking

Problem solving

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Microsoft Excel

Job description

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

With over $315 billion in assets under management as of March 31, 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 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, www.blueowl.com

Senior Associate, Accounting

The Opportunity

Blue Owl is seeking a motivated, strategic, and detail-oriented accounting professional to join its Real Estate Investment Trust (REIT). This is an exciting opportunity to become part of a rapidly growing organization and contribute to a dynamic, collaborative team.

The ideal candidate will bring a strong accounting foundation, a proactive mindset, and a willingness to embrace new ideas and processes. This individual will play a key role in supporting the continued growth of the platform while helping to enhance and institutionalize existing accounting and reporting practices.

Key Responsibilities

Monthly Reporting

• Coordinate with fund administrators and provide supporting documentation for the monthly close process.
• Perform first-level reviews of monthly accounting workbooks and supporting schedules, including:
  • Cash
  • Equity
  • Debt financing
  • Accruals and expenses
  • Real estate depreciation, amortization, and impairment analyses
  • Derivative hedge accounting entries
  • Debt investments
  • Rental revenue
• Review and organize ASC 805 purchase price allocations related to property acquisitions.
• Prepare quarterly distribution calculations.
• Review financial reporting packages, including:
  • Earnings per share (EPS) calculations
  • REIT taxable income analyses
  • Dividend coverage analyses
• Provide lenders with debt compliance reporting and other financial information required under loan agreements.
• Perform account reconciliations and variance analyses, ensuring timely resolution of discrepancies.

Cash Management

• Prepare and/or review wire requests and fund disbursements.
• Partner with the Accounts Payable team to ensure invoices are properly tracked, approved, and paid on a timely basis.
• Support Vice Presidents in cash management, forecasting, and liquidity planning.

Audit, Tax, and SEC Reporting

• Review REIT compliance testing prepared by third-party providers.
• Prepare audit support schedules and provide required documentation to external auditors.
• Assist with the preparation and filing of SEC reports, including Forms 10-Q, 10-K, 8-K, and proxy statements through Workiva.
• Support Sarbanes-Oxley (SOX) compliance initiatives, including documentation, testing, and maintenance of internal controls over financial reporting.
• Assist in preparing quarterly earnings releases and supplemental financial reporting packages.

Cross-Functional Collaboration

• Partner with internal teams, including Asset Management, Transactions, Real Estate Credit, and other stakeholders, to ensure proper accounting treatment of new investments and ongoing operations.
• Effectively prioritize and manage ad hoc requests while meeting recurring reporting deadlines and deliverables.

Qualifications & Experience

• 4 to 6 years of experience in public accounting and/or the real estate industry.
• Strong knowledge of U.S. GAAP as it relates to real estate accounting, including historical cost accounting principles.
• Understanding of SEC reporting requirements and public company accounting practices.
• Familiarity with SOX compliance, internal controls, and public company reporting obligations preferred.
• Ability to interpret and analyze leases, debt agreements, purchase and sale agreements, and partnership agreements.
• Strong organizational, analytical, and problem-solving skills, with the ability to manage multiple priorities and deadlines simultaneously.
• Advanced proficiency in Microsoft Excel and financial modeling/reporting tools.
• Leverage AI as a tool to drive efficiency

Education

• Bachelor’s degree in Accounting, Finance, or a related field required.
• CPA designation preferred but not required.

The base annual salary range for thisChicago-based position will be $125-135,000.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.

• 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.