Associate, Settlements - Insurance Solutions

Blue Owl Capital•Chicago, IL

1d•$100,000 - $110,000

About The Position

Blue Owl is hiring an Associate, Settlements for its Insurance Solutions team in Chicago. The role supports the settlement and operational processing of public and private investment transactions. The associate uses BlackRock Aladdin to book trades, maintain transaction records, monitor investment activity, and support settlement workflows. The position works with internal and external stakeholders to facilitate settlements, address operational issues, process capital calls, handle complex private credit transfers and re-registrations, coordinate public markets trade matching and DTC settlements, and manage corporate action information. It also contributes to improving procedures, controls, and operational risk management. The expected base annual salary range for this Chicago-based position is $100,000 to $110,000. Employees may be eligible for a discretionary bonus based on factors such as individual and team performance.

Requirements

At least 3 years of experience in investment operations.

Nice To Haves

Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
Experience supporting public or private credit and alternative investments.

Responsibilities

Support deal teams in settling public and private investment transactions.
Use BlackRock Aladdin to book trades, maintain transaction records, monitor investment activity, and support settlement workflows.
Work with custodians, portfolio managers, treasury, legal, and investment accounting teams to facilitate efficient settlement and resolve operational issues.
Process capital calls promptly and accurately while maintaining transaction integrity across investment platforms and internal systems.
Manage complex transfers and re-registrations of private credit investments, including pre-transfer reconciliations, transfer bookings, wire instruction and re-registration updates, and post-transfer record maintenance.
Manage operational aspects of public markets trading, including CTM trade matching, exception resolution, and coordination of DTC settlements.
Serve as a central contact for ad-hoc operational inquiries and cross-functional communication.
Gather, validate, and distribute corporate action information and coordinate the timely execution of upcoming events.
Develop, document, and enhance operational procedures to improve efficiency, strengthen controls, and mitigate operational risk.