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

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.

• 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

It is expected that 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. 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.