Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $150 billion in assets under management*, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 600 experienced professionals across 10 offices globally, Blue Owl brings the vision and discipline to create the exceptional.

*As of June 30, 2023

POSITION SUMMARY:

Blue Owl is seeking an Associate of Workouts to join the Direct Lending Team.

RESPONSIBILITIES:

• Assist with managing a portfolio of underperforming investments and owned portfolio companies
• Assist with re-underwriting actionable credits with focus on liquidity, drivers of underperformance, corrective measures, and prospects for recovery
• Prepare analysis and modeling of various restructuring alternatives
• Assist with the development and implementation of strategies to maximize recoveries on stressed investments, including performance improvement efforts for owned portfolio companies
• Participate in the negotiation with various constituencies including financial sponsors, management, bank group members and other lenders in the capital structure
• Assist with the preparation of restructuring / amendment / waiver requests along with other written updates on portfolio accounts
• Participate in deal team discussions and presentations with investment committee
• Support senior team members in other capacities as needed

QUALIFICATIONS:

• Bachelor's degree, preferably in Finance, Accounting or related financial discipline with an outstanding record of academic achievement
• 2-5 years of experience in Credit Restructuring, Legal, Leveraged Credit or Investment Banking
• Strong oral and written communication skills with attention to detail
• Ability to self-direct, analyze, evaluate, and form independent judgments
• Team player with enthusiasm and intellectual curiosity to learn more
• Strong accounting and corporate finance knowledge, and financial modeling aptitude (required)

It is expected that the base annual salary range for this New York City-based position will be $120,000 to $150,000. 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.