Associate, Real Estate Accounting: Chicago, IL

Requisition Number

411171BR

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Associate, Real Estate Accounting, Chicago

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

With over $165 billion in assets under management as of December 31, 2023, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate.

Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 685 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit

Position Overview

Blue Owl is looking for an energetic accounting professional to join the team responsible for their Real Estate Private Equity funds. This is an exciting opportunity to join a company experiencing tremendous growth. The qualified Associate will execute accounting activities and be open to new ideas and processes, and help the Company institutionalize existing practices, working with a highly supportive and collaborative team.

Responsibilities:

Monthly Reporting

Provide fund administrators will all supporting documentation

First level review of supporting monthly workbooks including Cash; Equity; Debt Financing; Accruals and Expenses; Real Estate, Debt, and Swap Valuations; Derivative Hedge Entries and Rental Revenue

Rent collection and reporting

Organize and review ASC 805 purchase price allocations for property acquisitions

Prepare monthly distribution calculations

Review financial reporting packages, including calculation of Net Asset Value, NAV per share, management fees, and incentive fees

Assist investor relations with ad hoc investor reporting requests

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 Clerk to ensure invoices are tracked, approved, and paid timely

Prepare pro-forma cash projections to aid with cash management process

Support Fund Vice Presidents in cash management and planning

Audit and Tax

Work with tax consultants on SALT and other tax filings

Provide audit supporting documentation

Organize supporting schedules for audit

Prepare and submit monthly SALT and Canadian tax filings

Prepare and file 1099 and 1096 for Fund and REIT’s

Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines per private placement memorandum

Qualifications:

2 to 4 years of total experience with 1 -2 years of public accounting or real estate industry experience

Knowledge of historical cost and/or fair value GAAP

Ability to understand leases, debt agreements, and private placement memorandums

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

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.

Minimum Education Required

High School/GED

Job Category

Finance

Job Code

Finance_ Finance

Company

Blue Owl