Chief Accounting Officer, Real Assets Finance & Accounting - Chicago

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

With $273 billion in assets under management as of March 31, 2025, 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 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

The Role:

We are seeking a U.S.-based Chief Accounting Officer (CAO) to lead the global accounting function for a real estate development and property management company. This role is focused on the accounting and financial oversight of the management company — including development management, asset management, and property management entities — across a global platform. The CAO will be responsible for maintaining financial integrity, compliance, and reporting accuracy across multiple jurisdictions while building scalable processes to support international growth.

Key Responsibilities:

Corporate & Management Company Accounting

• Oversee all accounting operations for the U.S.-based parent and affiliated management entities worldwide.
• Ensure accurate recognition of management fee income (development, asset, and property management) from internal and third-party sources.
• Manage intercompany accounting, including cost allocations, transfer pricing, and consolidated eliminations across U.S., EMEA, and APAC entities.
• Oversee accounting for corporate overhead, shared services, and U.S.-based administrative entities.

Global Financial Reporting & Compliance

• Lead the global consolidation and preparation of monthly, quarterly, and annual financial statements under U.S. GAAP (with IFRS understanding where applicable).
• Coordinate with regional controllers to ensure consistency in financial practices, controls, and reporting across jurisdictions.
• Manage external audits and statutory reporting for the U.S. parent and subsidiaries.

Controls, Policy & Risk Management

• Establish and enforce internal controls, accounting policies, and procedures in line with U.S. and international standards.
• Ensure global compliance with regulatory requirements, including tax filings, indirect taxes (e.g., VAT/GST), and local statutory filings.
• Collaborate with legal and tax to maintain intercompany agreements and documentation.

Team Leadership

• Lead and develop a geographically distributed accounting team, with direct oversight of U.S.-based accounting leadership and dotted-line management of regional finance teams.
• Promote global standardization, training, and professional development across regions.

Systems & Operational Efficiency

• Oversee ERP systems and accounting platforms (e.g., NetSuite) used for management company reporting.
• Drive process improvements and system enhancements to support scale, efficiency, and transparency.

Executive & Strategic Support

• Provide financial analysis, insights, and recommendations to the CFO and executive team to support global business strategy.
• Support the budgeting and forecasting process for the corporate and management company entities.
• Partner cross-functionally with development, asset management, HR, legal, and technology teams.

Education & Credentials:

• Bachelor’s degree in Accounting or Finance
• CPA required

Experience:

• 12–15+ years of progressive accounting leadership experience
• Prior experience in a U.S.-based real estate development or investment management company with global operations
• Proven success managing accounting for management company operations and intercompany structures
• Experience coordinating with international teams, auditors, and regulatory bodies

Skills & Competencies:

• Strong command of U.S. GAAP; working knowledge of IFRS and international compliance standards
• Expertise in intercompany accounting, transfer pricing, and multi-currency consolidations
• Leadership skills to manage a cross-border team and work effectively across cultures and time zones
• Proficiency with ERP and financial reporting systems (e.g., Oracle, NetSuite, SAP); experience with real estate systems (e.g., Yardi, MRI) is a plus

It is expected that the base annual salary range for this Chicago based position will be $250,000 - $300,000. 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.