Vice President, Real Assets Private Equity Fund Accounting

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 to exclusively manage one of their real assets private equity funds. 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

• Accurately report financial data for property level entities and fund level entities in accordance with deadlines.

• Properly present consolidated financials for parallel funds.
• Ensure that Generally Acceptable Accounting Principles are being adhered to for all financial reporting periods, financial presentations and footnote disclosures.
• Review journal entries for consolidating entities related to purchases, sales and monthly operations, reconcile monthly bank accounts and corresponding journal entries.
• Prepare supporting schedules for all material balance sheet accounts.
• Perform variance analysis and timely reconciliation of general ledger accounts.
• Provide lenders with debt compliance and other financial information as required by loan documents.

• Review quarterly net asset value and price per unit in accordance with fund documents.
• Effectively manage multiple weekly, monthly, and quarterly deadlines.

• Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines per limited partnership agreements.

• Effectively communicate with team members and management.
• Prepare and present accounting, budgeting, reporting, and accounting system matters to senior management.

• Prepare revenue and expense forecasts.
• Determine and monitor cash requirements on a recurring basis.

• Well versed in calculating fund returns.
• Able to interpret waterfall terms per limited partnership agreement and prepare calculation to determine preferred returns to investors and carried interest earned by general partner.
• Experience interpreting limited partnership, long terms lease, and mortgage documents.
• Experience with reporting investment activity to institutional investors.
• Respond to requests for information from lenders, owners, and investors.
• Coordinate with external auditors and tax preparers for year-end audit and tax return preparation.
• Monitor procedures and internal controls to ensure compliance with Company policies and make recommendations for improvements.
• Implement effective internal controls and recommend to management the implementation of policies, procedures, processes and controls based on continual analysis of current accounting processes.

SKILLS + EXPERIENCE REQUIRED

• Seven plus years of private equity real estate accounting experience.
• Knowledge of REIT rules and tax implications, a plus.
• Experience working with third-party fund administrators.
• “Fair value” accounting background.
• Understanding of debt 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 and accounting software systems.
• Able to thrive in an entrepreneurial and proactive environment.
• Experience interpreting limited partnership agreement, long terms lease and mortgages.
• Experience with reporting investment activity to institutional investors.

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.