Alternative Credit Accounting, Associate

About the role

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.

Responsibilities

• Fund Level Accounting:
  • Manage Books and Records within internal accounting system (VPM/FM3)
  • Perform reconciliations with Administrators
  • Review and verification of LP allocations, capital calls, distributions, quarterly financial statements, partner capital statements and IRR calculations from Administrators
• Investment Level Accounting:
  • Oversight of financial reporting for various complex investment structures (both directly held and SPV investments)
  • Liaise with investment professionals, operating partners, and accounting firms
  • Absorb with CFO to establish accounting policies for new investments
  • Oversight of annual audit and annual audited financial statements for assigned funds
  • Assist with quarter-end valuation process
  • Manage preparation of recurring and ad hoc internal and external performance and investor reporting
  • Participate in the ongoing improvement of department processes and technology initiatives

Qualifications

• 2-4 years professional experience
• Public/Private/Admin experience working with closed end funds (relevant private experience strongly preferred)
• Credit experience a plus but not required (bank debt, revolvers, fixed income, etc.)
• CPA preferred

Pay

The base annual salary range for this New York City-based position will be $100,000 to $125,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role.

Schedule

Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Benefits

• Health, Dental and Vision insurance
• 401(k)
• Healthcare and Dependent Care Flexible Spending Account
• Short Term Disability insurance
• Long Term Disability Insurance
• Family Planning Support
• Paid Time Off
• Leave of Absences

Skills

Not specified

Benefits

• Equal Opportunity Employer