Alternative Credit, Asset Management - Associate
Blue Owl · Dallas, United States · 1mo ago
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
With over $319 billion in assets under management as of June 30, 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 1,380 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.
Leverage AI as a tool to drive efficiency.
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.