Investment Operations, Alternative Credit - Associate

Blue Owl Capital • New York, NY

97d • $100,000 - $125,000

About The Position

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $284 billion in assets under management as of June 30, 2025, 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 approximately 1,300 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional.

Requirements

• Extremely detailed oriented and organized.
• Exhibits high levels of drive and ownership.
• Ability to act as a self-starter and work closely with investment professionals, and other principals throughout the organization.
• Ideal candidate will come from the fund operations group environment at another credit fund (preferred), hedge fund, or sell side bank and has familiarity with private credit instruments and loan operations.
• Candidate should have solid experience working in accounting systems (booking entries across asset classes).
• FM3, WSO or Geneva is a plus.
• Understanding and familiarity with treasury (wire movements, FX hedging, capital calls, etc.) is a plus but not required.
• Strong academic credentials.
• Relevant work experience: 2-5 years of work experience, ideally with direct lending/credit origination experience.

Responsibilities

• Responsible for various operational aspects of Alternative Credit’s investment portfolio (mostly private asset-based finance loans, forward flow purchase arrangements, loan portfolio purchases, equity investments into special purpose vehicles, real estate debt and equity investments, and equipment and aircraft lease).
• Responsible for the investment from origination/purchase to exit including all corporate actions/amendments/restructures along the way.
• Investment setup and maintenance across Blue Owl’s systems.
• Processing revolving loan draws and repayments of principal or interest.
• Producing borrower and lender notices.
• Creating wires related to such investments.
• Booking activity in accounting system.
• Ad-hoc reporting (IRR calculations, cashflow reporting, etc.).
• Managing interactions between borrowers, third-party lenders, joint venture partners, servicers, Blue Owl investment professionals and third-party administrators as loan agent for private originated loans.
• Coordinate closing/onboarding new investments.
• Documenting operations’ responsibilities surrounding new investments and communicating such responsibilities to the rest of the Operations and Accounting team.
• Work very closely with Blue Owl’s Alternative Credit investment team in order to meet the responsibilities of the position.
• Perform daily cash recs against Blue Owl’s custodians and other treasury functions.
• Provide analysis and recommendations to head of Alt Credit Ops to make daily treasury decisions (drawing/repaying leverage facilities).
• Assist with preparation of materials to inform committee for purpose of determining capital calls and distributions.
• Assist head of Alt Credit Ops with FX hedge management.
• Provide support to head of Alt Credit Ops for ad hoc projects as they arise.
• KYC Internal systems projects (treasury/accounting).
• Work closely with accounting and administrators to clear quarterly cash breaks and open items.
• Continuously look to improve current processes and procedures within the operations group.

Benefits

• Discretionary bonus based on individual and team performance.

What This Job Offers