Vice President, Real Assets Accounting (REIT)

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

With over $319 billion in assets under management as of June 30, 2026, 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 over 1,380 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 strategic accounting professional for one of 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 while working with the support of a highly collaborative team.

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
• Serve as the subject matter expert for financial reporting questions, including technical GAAP historical cost and fair value reporting accounting treatment
• Demonstrate strong understanding of real estate investment structures, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements
• Determine the accounting and financial statement impacts due to significant transactions such as acquisitions, leases, and segment reporting to ensure accurate financial presentation
• 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 and prepare financial statements and disclosures on Forms 10-Q, 10-K and 8-K with the SEC on a historical cost basis
• Coordinate with investment and asset management teams regarding property acquisitions/dispositions and ongoing property operations
• 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 and property managers
• 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.

Qualifications

• 7+ years of real estate accounting experience. Candidates with exposure with real estate private equity, non-traded REITs or public REITs, with backgrounds as Big 4 auditors and/or 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.
• Leverage AI as a tool to drive efficiency.
• Ability to efficiently utilize excel spreadsheets and other accounting software.
• 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 $150,000 - $175,000. 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.