Investment Operations, Alternative Credit - Associate

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
  
  

Qualifications

• 2-5 years of work experience, ideally with direct lending/credit origination experience.
• Credit, hedge fund, or sell side experience preferred.
• Familiarity with private credit instruments and loan operations.
• FM3, WSO or Geneva experience.
  
  

It is expected that the base annual salary range for this New York City-based non-exempt position will be $100,000 - $125,000. 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.

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.