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Alternative Credit, Asset Management - Associate

Compensation

$115,000 - $147,800/year

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Posted

11 days

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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. To learn more, visit www.blueowl.com

This role is in office Monday to Thursday.

The Role

The Asset Management function within Blue Owl’s Alternative Credit platform is responsible for the ongoing monitoring, analysis, and oversight of portfolio investments. The team plays a critical role throughout the lifecycle of an investment, from post-close surveillance to active engagement in restructurings, workouts, and other complex situations. Through close collaboration with investment teams, borrowers, and external partners, the Asset Management team helps protect capital, drive performance, and support strategic decision-making across the platform.

Responsibilities:

 Asset Management

  • Assist senior members of Asset Management team with overall monitoring, surveillance, and management of existing portfolio positions.

  • Review performance of financial asset transactions versus covenants and analyze trends within a transaction.

  • Understand loan mechanics to perform ongoing borrowing base reviews, collateral verifications, financial analysis and liquidity assessments of corporate level risk for each investment.

  • Design and maintain borrowing base and servicer report templates through the translation of legal documentation for lending as well as borrowing (leverage facilities) transactions.

  • Participate in borrower update calls and provide support during negotiations with borrowers for modifications and other requests from management teams.

  • Produce quarterly cash flow models for individual transactions.

  • Ensure timely receipt of reporting from borrowers and management teams.

  • Fulfill recurring reporting requirements for leverage facilities – borrowing bases, servicer reports, financials, covenants, and other transaction specific   deliverables.

  • Participate in monthly Asset Management meetings with senior Blue Owl management

  • Assist with documentation of amendments and other legal matters.

  • Engage in field exam related activities - examiner engagement, scope design, report review, and issue remediation.

Workout Support

  • Support senior members of Blue Owl’s Asset Management team on workouts, restructurings, liquidations, and other special situations.

  • Participate in watchlist meetings and provide updates to senior Blue Owl staff regarding developments on problematic credits.

  • Assist senior staff with complex litigation involving current or exited Blue Owl positions.

Qualifications

  • Bachelor’s degree with 3+ years of experience at a specialty lender, commercial bank, or investment firm, with a focus on credit monitoring, asset management, and/or workout situations.

  • Strong foundation in fundamental credit analysis, including financial statement analysis and preparation of detailed financial spreads.

  • Experience reviewing and interpreting legal documentation, including credit agreements and transaction structures.

  • Demonstrated ability to take ownership of workstreams, operate independently, and manage competing priorities effectively.

  • High level of integrity, professionalism, and sound judgment in evaluating risk and making decisions.

  • Self-aware with a strong desire to learn and grow; actively seeks and incorporates constructive feedback.

  • Strong attention to detail with the ability to identify trends, risks, and key drivers of performance.

  • Collaborative team player with strong communication skills and the ability to engage effectively across stakeholders.

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. 

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Aplyr's read

Blue Owl Capital is a prominent player in alternative asset management, attracting professionals skilled in finance, innovation, and strategic equity solutions.

Synthesized from recent postings & public sources

What's promising

  • Blue Owl Capital has a strong focus on innovative financial solutions.
  • The firm has a diverse range of roles, indicating growth and expansion.
  • Blue Owl's emphasis on alternative assets appeals to forward-thinking investors.

What to watch

  • The competitive nature of finance may lead to high-pressure environments.
  • Specialization in alternative assets could limit exposure to traditional investment opportunities.
  • Rapid expansion might strain resources and affect operational efficiency.

Why Blue Owl Capital

  • Blue Owl Capital specializes in alternative asset management, setting it apart from traditional firms.
  • The firm offers roles across various finance sectors, providing diverse career paths.
  • Blue Owl's innovative approach attracts professionals interested in cutting-edge financial strategies.

Aplyr’s read is generated by AI from public sources. Was it useful?

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About Blue Owl Capital

Blue Owl Capital

Blue Owl Capital

View company

Blue Owl Capital is a leading alternative asset management firm that focuses on providing innovative solutions to investors and businesses.

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