Blue Owl is looking to hire an Associate to join the Alternative Credit Accounting Team supporting fund- and investment-level accounting for a diverse portfolio of alternative credit strategies. This role will be responsible for maintaining accurate books and records, overseeing administrator deliverables, and supporting quarterly and annual reporting, including audits, valuations, and investor materials. The Associate will work closely with internal stakeholders, including investment professionals, operating partners, and senior finance leadership, to ensure timely, accurate, and transparent financial reporting across complex investment structures.
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
- Assist CFO with establishing 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
It is expected that 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. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Benefits for this role include 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, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company's benefits plans and policies.
