Associate, Investment Operations - Alternative Credit

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. 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 over 1,050 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Alternative Credit is seeking an Associate or Vice President to continue to grow the Alternative Credit operations team. The candidate will be responsible for loan administration, portfolio operations, and treasury management, for certain of the teams’ investments.

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. 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
  

Candidate Qualifications

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

It is expected that the base annual salary range for this New York City-based position will be $110,000 to $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.

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.