Vice President, Real Assets Accounting - Financial Reporting

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

With over $250 billion in assets under management as of December 31, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. 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 1,100 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 Vice President will be open to new ideas and processes, and help the Company institutionalize existing practices, working with the support of a highly collaborative team.

DUTIES + RESPONSIBILITIES

• Financial Reporting
  • Oversee and accurately report financial data, month-end, quarter-end, and year-end accounting, valuation, and financial reporting in accordance with deadlines
  • Prepare monthly net asset value and price per share in accordance with PPM documents
  • Demonstrate strong understanding of real estate investment structures, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements
  • Coordination and preparation of financial statements and disclosures on Forms 10-Q, 10-K and 8-K with the SEC on a historical cost basis
  • Oversee third parties, monitoring their compliance with responsibilities, budgets, and deadlines
  • Communicate effectively with CFO and CAO, providing regular and ad hoc communications, reporting, and analysis
  • Coordinate with asset management in accounting for property acquisitions/dispositions and ongoing property operations
  • Determine the accounting and financial statement impacts due to significant transactions such as acquisitions, leases, and segment reporting to ensure accurate financial presentation
  • Serve as the subject matter expert for Fund financial reporting questions, including technical GAAP historical reporting accounting treatment
• Audit
  • Manage audit deadlines
  • Answer various questions from the audit and tax teams
  • Coordinate the timely conclusion of audit reports
• Fund Administration
  • Manage relationship with fund administrator
  • Review the following prepared by the fund administrator:
    • Incentive fee allocations and calculations
    • Management fee allocations and calculations
    • Acquisition entries ad hoc
    • Monthly NAV closes
• Ad Hoc Reporting
  • Work with investments team on ad hoc reports for current portfolio and acquisitions
• Implement effective internal controls, recommend to management the implementation of policies, procedures, processes, and controls based on continual analysis of current accounting processes.

SKILLS + EXPERIENCE REQUIRED

• 7+ years of real estate accounting experience. Candidates from real estate private equity firms / non-traded REITs / public REITs and well as Big 4 auditors with relevant industry experience will be considered.
• Strong technical accounting skills with an emphasis on Historical Cost and Fair Value basis of accounting for real estate
• SEC reporting experience including Form 10-K, 10-Q, 8-K and other transactional offerings.
• Ability to understand leases, debt agreements, and private placement memorandums
• Must be deadline focused, organized, and exhibit problem-solving skills, able to handle multiple weekly, monthly and quarterly deadlines at the same time
• Ability to efficiently utilize excel spreadsheets and other accounting software.

MANAGEMENT STYLE + PERSONALITY ATTRIBUTES

• Leading by Example:  Demonstrating and fostering, by example, a sense of urgency, strong commitment/accountability, and sound decision making to achieve goals. Consistent and disciplined in following process, while pragmatic with a high propensity for action.
• Business Acumen: Knowledge of the competitive landscape and current and emerging practices within the industry.
• Vision and Purpose:  Embracing and communicating Blue Owl/Oak Street’s vision and its goals while reflecting a dedication to success which inspires and motivates.
• Motivational and Inspirational: Energetic with a “get-it done” attitude while keeping the team enthusiastic about the business and the goals set ahead. Encouraging and inspiring colleagues to stretch beyond what they thought they could accomplish.
• Leadership and Conflict Resolution: Ability to work through controversy while looking through the lens of general consensus, turning conflicts into opportunities for improvement, and striving for win/win resolutions. Proficient in effective and appropriate communication.
• Ethics and Values:  Adhere to a code of conduct with a moral compass focused on the highest level of integrity and ethics.

EDUCATION

• Bachelor’s degree in related field.
• CPA preferred, not required.

It is expected that the base annual salary range for this Chicago based position will be $175,000 - $200,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.