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.