Associate, Investment Operations, Alternative Credit - New York, NY

Blue Owl Capital•New York, NY

1d•$100,000 - $125,000

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 Key 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). The candidate will be responsible for the investment from origination/purchase to exit including all corporate actions/amendments/restructures along the way.

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).
Strong academic credentials
Relevant work experience: 2-5 years of work experience, ideally with direct lending/credit origination experience.

Nice To Haves

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.

Responsibilities

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.)
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).
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