Real Assets Accounting, Vice President - Chicago/Dallas

Blue Owl Capital Holdings•Chicago, IL

1d•$150,000 - $170,000

About The Position

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $307 billion in assets under management as of December 31, 2025, 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 approximately 1,365 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 a detail oriented and strategic accounting professional to manage one of their real estate private equity funds. This is an exciting opportunity to join a company experiencing tremendous growth. The qualified Vice President will help the Company institutionalize existing practices and work with a highly collaborative team.

Requirements

Seven plus years of private equity real estate accounting experience.
Understanding of complex fund structures including foreign currency exposure and hedging.
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.
Bachelor’s degree in related field.

Nice To Haves

CPA preferred.
Knowledge of REIT rules and tax implications, a plus.

Responsibilities

Lead accurate, GAAP‑compliant financial reporting for property‑level and fund‑level entities, including parallel funds and SPVs, ensuring timely delivery, proper presentation, reconciliations, variance analysis, and supporting schedules.
Review and manage fund administrator deliverables, including journal entries, capital calls, distributions, NAV calculations, and investor pricing, ensuring adherence to fund documents and reporting deadlines.
Manage global audit, tax, and regulatory filing processes (including Cayman, Jersey, and Luxembourg), coordinating with external auditors, fund administrators, and tax advisors.
Serve as a primary accounting contact for lenders and institutional investors, including debt compliance reporting, investor reporting, and responses to financial inquiries.
Prepare and present accounting, budgeting, reporting, and accounting system matters to senior management and key stakeholders.
Oversee forecasting, cash flow planning, and fund return calculations to support investment performance monitoring and decision‑making.
Interpret limited partnership agreements, waterfall provisions, and financing documents to calculate investor returns, preferred returns, and carried interest.
Monitor and enhance internal controls, policies, and procedures to ensure compliance with company standards and support scalable operations.