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.)
• 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
• Closing/onboarding new investments. Documenting operations’ responsibilities surrounding new investments and communicating such responsibilities to the rest of the Operations and Accounting team
• Performing daily cash recs against Blue Owl’s custodians and other treasury functions
• Providing analysis and recommendations to head of Alt Credit Ops to make daily treasury decisions (drawing/repaying leverage facilities)
• Aiding in preparation of materials to inform committee for purpose of determining capital calls and distributions
• Aiding head of Alt Credit Ops with FX hedge management
• Supporting head of Alt Credit Ops for ad hoc projects as they arise
• KYC
• Internal systems projects (treasury/accounting)
• Continuously looking to improve current processes and procedures within the operations group

Qualifications

• 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
• 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

Pay

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

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