Investment Operations, Alternative Credit - Associate

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
• 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

Requirements

• 2-5 years of relevant experience in fund operations, fund administration, fund accounting, or middle-office functions within alternative credit, direct lending, or related asset classes.
• Backgrounds in fund administration at another credit fund (preferred), hedge fund, or sell side bank or from public accounting firms working with alternative investment fund clients are highly valued and encouraged to apply.
• Extremely detail-oriented and organized, with high levels of drive and ownership. Demonstrated ability to act as a self-starter and manage multiple workflows simultaneously.
• 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
• 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.

Benefits

Additional Information

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $315 billion in assets under management as of March 31, 2026, 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 over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

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