Real Assets Accounting, Senior Associate

Blue Owl Capital•Chicago, IL

1d•$125,000 - $135,000•Onsite

About The Position

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.

Requirements

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
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.

Nice To Haves

CPA preferred, not required.

Responsibilities

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
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
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