Alternative Credit, Deal Execution - Associate / Senior Associate

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:

Blue Owl is seeking a collaborative, motivated and organized Associate or Senior Associate to join our Deal Execution team, supporting the Alternative Credit business. This individual will have the unique opportunity to sit alongside our investment professionals to help manage a wide range of operational workflows and projects, covering the full investment lifecycle and spanning various private credit asset classes. The Deal Execution team liaises directly with key external stakeholders (borrowers, portfolio companies, co-investors, custodians) and an extensive set of internal constituents (investment team, Capital Markets, Asset Management, Accounting & Operations, Legal & Compliance, Tax) to ensure seamless closing, funding and risk management of all transactions across the Blue Owl credit portfolio. The ideal candidate will have a strong knowledge base across a broad set of asset-backed product types (including specialty finance lending, forward flow purchase commitments, ABS/securitizations, credit secondaries, NAV lending, aviation finance, private real estate credit, opportunistic equity financing) and robust operational experience in the space (closing/settlement, credit agreement / legal document review, workflow design/change management), along with a team-first attitude and keen interest in credit markets.

Responsibilities:

• Manage a comprehensive deal closing process for all Alternative Credit investments by coordinating  directly with our borrowers and portfolio companies, Blue Owl investment professionals and key internal stakeholders to ensure seamless front to back execution (entity formation, document review/asset creation, trade booking, funding, internal process compliance)

• Responsible for drafting and executing a flow of funds for each investment and overseeing fulsome checklists to ensure all transaction deliverables are completed accurately and timely (including new capital deployments, amendments and deal exits), including but not limited to fund allocations, structure chart drafting and legal entity/SPV formation, KYC/AML deliverables and coordination of  liquidity/capital planning

• Collaborate with portfolio managers, investment professionals, operations and accounting teams to manage a real-time investment pipeline and associated pipeline management processes (impacting fund allocation, available capital and liquidity management workflows)

• Partner with our investing, legal and operations teams to review credit agreements and related legal documentation for each investment, with joint oversight of new deal product builds and asset enrichment, along with full responsibility to book commitment activity in an order management system to facilitate downstream flow to books and records.

• Work with Operations and other key internal stakeholders to manage certain loan servicing and sub-agency vendor relationships (including deal onboarding, funding and closing; monitoring post-close lifecycle activity (amendments, principal & interest payments); ensuring accurate and timely administration of borrower and lender positions; project management/process improvement and automation

• Collaborate with our Portfolio Management and Data Science teams to ensure reporting accuracy and timeliness of key investment metrics, which inform various portfolio KPIs and valuations for senior management and external stakeholders (investors, LPs)

• Help drive major cross divisional process improvement and change management projects within the firm, with a sharp focus on data integrity, automation and standardization of best practices.

• Directly consult and interact with our sponsors and portfolio company CFO/finance teams across a diverse set of post-closing needs and ad-hoc requests (including loan administration).

Qualifications:

• Bachelor’s degree with a cumulative GPA of 3.5+ (or equivalent), preferably in finance, economics, engineering and/or computer science

• 3-7 years of relevant working experience in a leveraged finance/credit operations, middle office/transaction management or other risk management function supporting alternative assets (buyside alternative credit experience strongly preferred)

• Strong understanding of core operational mechanics across alternative/private assets and familiarity with standard legal documents (credit agreements, subscription documents, forward flow commitment purchases)

• Highly organized and able to interact efficiently and directly with deal teams/investment professionals

• Ability to multi-task and maintain consistent attention to detail while working in a fast-paced environment

• Proficiency across full Microsoft Office suite (particular focus on Excel); experience with leveraged loan/alternative credit-specific software is a plus (IVP, DealCloud, SalesForce, order management system infrastructure, treasury/funding platforms, ledger technology)

• Commitment to teamwork and resourcefulness with a consensus-driven approach to problem solving

• Passion for learning, ability to think critically to solve complex problems and desire to propose new ideas / leverage technology to drive change; experience with AI prompts and workflow design also a plus

• Outstanding interpersonal skills with ability to build rapport and strong working relationships

• Sharp written and verbal communication skills with ability to summarize complicated fact sets, anticipate potential issues and follow through to ensure all deliverables are completed timely

It is expected that the base annual salary range for this New York City-based position will be $150,000 to $200,000. 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.