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.
