What are the responsibilities and job description for the REAL ASSETS ACCOUNTING, ASSOCIATE position at Blue Owl?
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.
THE OPPORTUNITY
Blue Owl is looking for an energetic and strategic accounting professional to exclusively manage one of their real estate private equity funds. This is an exciting opportunity to join a company experiencing tremendous growth. The qualified Associate 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
It is expected that the base annual salary range for this Chicago based position will be $115,000 - $125,000. 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.
Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
Salary : $115,000 - $125,000
