Blue Owl Capital · 3 months ago
Investment Operations, Alternative Credit - Associate
New York City, NY
Full-time
Onsite
Entry, Mid Level
$100K/yr - $125K/yr
2+ years expBlue Owl Capital is a leading asset manager specializing in alternative investments. The Associate in Investment Operations for Alternative Credit will be responsible for managing various operational aspects of the investment portfolio, including loan processing, investment setup, and interaction with borrowers and lenders.
BankingConsumer LendingFinanceFinancial ServicesLending
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. Specific responsibilities include:
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
Qualification
Required
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, 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
Strong academic credentials
Relevant work experience: 2-5 years of work experience, ideally with direct lending/credit origination experience
Preferred
Understanding and familiarity with treasury (wire movements, FX hedging, capital calls, etc.) is a plus but not required
Benefits
Discretionary bonus
Company
Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
1001-5000 employees
H1B Sponsorship
Blue Owl Capital has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (13)
2024 (5)
2023 (2)
Funding
Current Stage
Public CompanyTotal Funding
$3.65BKey Investors
Societe Generale
2025-07-01Post Ipo Debt· $147.72M
2024-12-13Post Ipo Debt· $600M
2024-05-30Post Ipo Debt· $250M
Leadership Team
Marc Lipschultz
Co-CEO
Alan Kirshenbaum
Chief Financial Officer
Recent News
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