Real Assets Finance & Accounting, Senior Associate

Senior Associate, Strategic Accounting

Blue 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, visit

Blue Owl is looking for a 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 help the Company institutionalize existing practices, working with 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.
• Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines per limited partnership agreements.
• 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.

Qualifications:

• 4-6 years of private equity real estate or public 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.
• Ability to efficiently utilize excel spreadsheets and accounting software systems.
• Experience interpreting limited partnership agreement, long terms lease and mortgages.
• Experience with reporting investment activity to institutional investors.

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.