Senior Associate - Real Estate Accounting

Blue Owl Capital•Chicago, IL

1d•$125,000 - $135,000•Onsite

About The Position

Blue Owl is seeking a motivated, strategic, and detail-oriented accounting professional to join its publicly traded Real Estate Investment Trust (REIT), listed on the New York Stock Exchange (NYSE). This is an exciting opportunity to become part of a rapidly growing organization and contribute to a dynamic, collaborative team. The ideal candidate will bring a strong accounting foundation, a proactive mindset, and a willingness to embrace new ideas and processes. This individual will play a key role in supporting the continued growth of the platform while helping to enhance and institutionalize existing accounting and reporting practices.

Requirements

4 to 6 years of experience in public accounting and/or the real estate industry.
Strong knowledge of U.S. GAAP as it relates to real estate accounting, including historical cost accounting principles.
Understanding of SEC reporting requirements and public company accounting practices.
Ability to interpret and analyze leases, debt agreements, purchase and sale agreements, and partnership agreements.
Strong organizational, analytical, and problem-solving skills, with the ability to manage multiple priorities and deadlines simultaneously.
Advanced proficiency in Microsoft Excel and financial modeling/reporting tools.
Bachelor’s degree in Accounting, Finance, or a related field required.

Nice To Haves

Familiarity with SOX compliance, internal controls, and public company reporting obligations preferred.
CPA designation preferred but not required.
Leverage AI as a tool to drive efficiency

Responsibilities

Coordinate with fund administrators and provide supporting documentation for the monthly close process.
Perform first-level reviews of monthly accounting workbooks and supporting schedules, including: Cash, Equity, Debt financing, Accruals and expenses, Real estate depreciation, amortization, and impairment analyses, Derivative hedge accounting entries, Debt investments, Rental revenue.
Review and organize ASC 805 purchase price allocations related to property acquisitions.
Prepare quarterly distribution calculations.
Review financial reporting packages, including: Earnings per share (EPS) calculations, REIT taxable income analyses, Dividend coverage analyses.
Provide lenders with debt compliance reporting and other financial information required under loan agreements.
Perform account reconciliations and variance analyses, ensuring timely resolution of discrepancies.
Prepare and/or review wire requests and fund disbursements.
Partner with the Accounts Payable team to ensure invoices are properly tracked, approved, and paid on a timely basis.
Support Vice Presidents in cash management, forecasting, and liquidity planning.
Review REIT compliance testing prepared by third-party providers.
Prepare audit support schedules and provide required documentation to external auditors.
Assist with the preparation and filing of SEC reports, including Forms 10-Q, 10-K, 8-K, and proxy statements through Workiva.
Support Sarbanes-Oxley (SOX) compliance initiatives, including documentation, testing, and maintenance of internal controls over financial reporting.
Assist in preparing quarterly earnings releases and supplemental financial reporting packages.
Partner with internal teams, including Asset Management, Transactions, Real Estate Credit, and other stakeholders, to ensure proper accounting treatment of new investments and ongoing operations.
Effectively prioritize and manage ad hoc requests while meeting recurring reporting deadlines and deliverables.