Jobs › Blue Owl Capital

Real Assets Accounting, Senior Associate

Blue Owl Capital · Chicago, IL · $125,000–$135,000 a year · Full time

Posted Sep 10, 2026 · We last checked this listing on Oct 6, 2026

Apply at Blue Owl Capital

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

The posting says the team wants to institutionalize existing practices. Tell me about a process you documented or improved at a past job.

What they are checking: Whether they can turn tribal knowledge into repeatable steps, which a fast-growing fund needs badly.

Tell me about a time you found an error in someone else's work. How did you raise it?

What they are checking: Whether they can flag problems clearly and respectfully without creating friction on a small collaborative team.

How do you keep track of many recurring monthly tasks so nothing slips when the company is growing quickly?

What they are checking: Whether they use checklists and close calendars rather than memory when volume keeps rising.

What would you do

The fund administrator sends you support that doesn't tie to the general ledger two days before the deadline. What do you do?

What they are checking: Whether they can push an outside party for answers while keeping the close on schedule and flagging risk early.

About the work

Walk me through how you'd support month-end close for a non-traded REIT when a fund administrator does most of the bookkeeping.

What they are checking: Whether they understand the oversight role with an outside administrator rather than doing every journal entry themselves.

When you do a first-level review of a cash workbook, what are you actually checking for?

What they are checking: Whether their reviews go beyond tick marks to reconciling balances and spotting entries that don't make sense.

How would you review the debt financing schedule for a real estate portfolio? What would make you stop and ask questions?

What they are checking: Whether they understand loan balances, interest accruals and covenants well enough to catch errors in a schedule.

Explain how equity activity like subscriptions, redemptions and distributions flows through a non-traded REIT's books.

What they are checking: Whether they grasp the investor capital side that makes a non-traded REIT different from a typical operating company.

How comfortable are you with real estate accounting topics like straight-line rent, capitalized costs and purchase price allocation?

What they are checking: Whether their background covers the real estate specific accounting this REIT will expect them to review.

How strong are your Excel skills? Tell me about the most complex workbook you've built or reviewed.

What they are checking: Whether they can work comfortably in the large supporting workbooks that drive the monthly reporting package.

Practice this interview out loud.

Offer builds a real interview for this exact role at Blue Owl Capital from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by Blue Owl Capital.

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 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 Senior 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. Responsibilities: • Monthly Reporting • Provide fund administrators with all supporting documentation for month-end close • First level review of supporting monthly workbooks, including: • Cash • Equity • Debt financing • Accruals and expenses • Real estate, debt, and derivative valuations • Derivative hedge entries • Debt investments • Rental revenue • Organize and review ASC 805 purchase price allocations for property acquisitions • Coordinate and review monthly reporting provided by joint venture partners • Prepare monthly distribution calculations • Review financial reporting packages, including calculation of Net Asset Value, NAV per share, management fees, and incentive fees • Provide lenders with debt compliance and other financial information as required by loan documents • Perform variance analysis and timely reconciliation of general ledger accounts • Cash management • Prepare and/or review wire requests for Fund disbursements • Work with AP team to ensure invoices are tracked, approved, and paid timely • Support Fund Vice Presidents in cash management and planning • Audit and Tax • Review REIT test performed by third parties • Prepare and provide supporting schedules for audit • Assist in preparation of quarterly financial statements in Workiva • Coordinate with other internal teams (e.g. asset management, transactions, real estate credit, etc.) in accounting for new investments and ongoing operations • Work with team to properly prioritize ad hoc requests in addition to required reporting deadlines Qualifications: • 4 - 6 years of public accounting or real estate industry experience • Knowledge of historical cost and/or fair value GAAP • Ability to understand leases, debt agreements, purchase and sale agreements, and partnership agreements • Leverage AI as a tool to drive efficiency • 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 • Bachelor’s degree in related field • CPA preferred, not required The base annual salary range for this Chicago based position will be $125,000 - $135,000. Actual salary offered will be based on the candidate’s skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance. Benefits for this role include Health, Dental and Vision insurance, 401(k), Healthcare and Dependent Care Flexible Spending Account, Short Term Disability insurance, Long Term Disability Insurance, Family Planning Support, Paid Time Off, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company’s benefits plans and policies. 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.

Apply at Blue Owl Capital