What are the responsibilities and job description for the Alternative Credit Accounting, Associate position at Blue Owl Capital?
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
Blue Owl is looking to hire an Associate to join the Alternative Credit Accounting Team supporting fund- and investment-level accounting for a diverse portfolio of alternative credit strategies. This role will be responsible for maintaining accurate books and records, overseeing administrator deliverables, and supporting quarterly and annual reporting, including audits, valuations, and investor materials. The Associate will work closely with internal stakeholders, including investment professionals, operating partners, and senior finance leadership, to ensure timely, accurate, and transparent financial reporting across complex investment structures.
Responsibilities
Investment Level Accounting
Benefits for this role include Health, Dental and Vision insurance, 401(k), Healthcare and Dependent Care Flexible Spending Account, Short Term Disability insurance, Long Term Disability Insurance, Family Planning Support, Paid Time Off, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company’s benefits plans and policies.
Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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
Blue Owl is looking to hire an Associate to join the Alternative Credit Accounting Team supporting fund- and investment-level accounting for a diverse portfolio of alternative credit strategies. This role will be responsible for maintaining accurate books and records, overseeing administrator deliverables, and supporting quarterly and annual reporting, including audits, valuations, and investor materials. The Associate will work closely with internal stakeholders, including investment professionals, operating partners, and senior finance leadership, to ensure timely, accurate, and transparent financial reporting across complex investment structures.
Responsibilities
- Fund Level Accounting
- Manage Books and Records within internal accounting system (VPM/FM3)
- Perform reconciliations with Administrators
- Review and verification of LP allocations, capital calls, distributions, quarterly financial statements, partner capital statements and IRR calculations from Administrators
- Oversight of financial reporting for various complex investment structures (both directly held and SPV investments)
- Liaise with investment professionals, operating partners, and accounting firms
- Assist CFO with establishing accounting policies for new investments
- Oversight of annual audit and annual audited financial statements for assigned funds
- Assist with quarter-end valuation process
- Manage preparation of recurring and ad hoc internal and external performance and investor reporting
- Participate in the ongoing improvement of department processes and technology initiatives
- 2-4 years professional experience
- Public/Private/Admin experience working with closed end funds (relevant private experience strongly preferred)
- Credit experience a plus but not required (bank debt, revolvers, fixed income, etc.)
- CPA preferred
Benefits for this role include Health, Dental and Vision insurance, 401(k), Healthcare and Dependent Care Flexible Spending Account, Short Term Disability insurance, Long Term Disability Insurance, Family Planning Support, Paid Time Off, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company’s benefits plans and policies.
Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
Salary : $100,000 - $125,000