Investment Operations, Alternative Credit - Associate
About The Position
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $307 billion in assets under management as of December 31, 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 1,365 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com Responsibilities: Investment maintenance across Blue Owl’s systems Process revolving loan draws and repayments of principal or interest. Produce borrower and lender notices and subsequent wire creation. Book activity in accounting system. Ad-hoc reporting (IRR calculations, cashflow reporting, etc.) Responsible for 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 (which includes memo write ups and various other deliverables such as organizational charts on investment structure). Collaborate 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 Work with accounting and administrators to clear quarterly cash breaks and open items. Continuously look to improve current processes and procedures within the operations group
Requirements
- 2-5 years of work experience, ideally with direct lending/credit origination experience.
- Familiarity with private credit instruments and loan operations.
- FM3, WSO or Geneva experience.
Nice To Haves
- Credit, hedge fund, or sell side experience preferred.
Responsibilities
- Investment maintenance across Blue Owl’s systems
- Process revolving loan draws and repayments of principal or interest.
- Produce borrower and lender notices and subsequent wire creation.
- Book activity in accounting system.
- Ad-hoc reporting (IRR calculations, cashflow reporting, etc.)
- Responsible for 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 (which includes memo write ups and various other deliverables such as organizational charts on investment structure).
- Collaborate 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
- Work with accounting and administrators to clear quarterly cash breaks and open items.
- Continuously look to improve current processes and procedures within the operations group
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
