Blue Owl Insurance Solutions, Strategic Investment Team – Associate

Blue Owl Capital Holdings LLC; New York (NY); On-site; USD 110,000 - 155,000; Full time

Job summary

Blue Owl Insurance Solutions (BOIS) in New York seeks an Associate to join the Strategic Investment team, focusing on partnerships, investments, asset structuring, and capital markets activities. This is an in-office role in NYC.

You will support underwriting, due diligence, financial modeling, and preparation of investment committee materials, collaborating with insurers and internal teams to execute complex transactions.

Qualifications

• Strong financial modeling and analytical skills; experience with insurance company financial statements (GAAP and statutory) preferred.
• Leverage AI as a tool to drive efficiency.
• Experience with insurance, reinsurance, or broader FIG strongly preferred (i.e., accounting, capital frameworks, investment structuring, rating agency considerations).
• Exposure to structured credit, securitization, or fund finance a plus

Responsibilities

• Support the evaluation, diligence, negotiation, and execution of strategic transactions with insurance companies, including M&A, minority equity investments, reinsurance transactions, investment management agreements, and bespoke capital solutions.
• Underwrite equity investments in specialty finance and origination platforms that generate attractive assets for insurance companies, including analysis of origination volumes, unit economics, asset quality, funding structures, and forward-flow arrangements.
• Assist in the evaluation, acquisition, and structuring of asset portfolios to meet insurance company objectives.
• Support the structuring of investment solutions tailored to insurance company objectives, including rated feeder structures, collateralized fund obligations, and other capital-efficient formats across Blue Owl's credit, asset-based finance, and real estate strategies.
• Build and maintain financial models, including transaction models, insurer capital analysis, rating agency capital frameworks, and relative value analysis.
• Conduct due diligence on counterparties and targets, including review of financial filings, actuarial reports, investment portfolios, and regulatory considerations.
• Prepare investment committee memoranda, board materials, and client presentations.
• Coordinate transaction execution across internal origination teams, legal counsel, rating agencies, and external advisors.
• Monitor existing strategic partnerships and portfolio investments, including ongoing financial and capital reporting.
• Track insurance industry trends, competitor platform activity, and regulatory developments affecting insurer investment behavior.
• Support BOIS strategic development including preparation of internal and external materials

Skills

Financial modeling

Analytical thinking

Communication skills

Education

Bachelor's degree

Job description

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: Blue Owl Insurance Solutions (BOIS) is Blue Owl’s insurance-focused asset management business, partnering with insurance companies to deliver customized investment solutions across private credit, asset-based finance, real estate, and other alternative asset classes. BOIS leverages Blue Owl’s global platform, origination capabilities, and investment expertise to help insurers achieve their return, capital, and liability management objectives. BOIS serves nearly 100 insurance clients and manages more than $30 billion of insurance-related assets. Blue Owl seeks an Associate-level professional in its New York office to join the Strategic Investment team. The Strategic Investment team supports the activities of BOIS across strategic partnerships & investments, asset structuring, and capital markets activities. This role represents a unique opportunity to work across multiple strategic, transaction driven, elements of the insurance ecosystem focusing both on equity style investing and asset origination & structuring.

Responsibilities:

• Support the evaluation, diligence, negotiation, and execution of strategic transactions with insurance companies, including M&A, minority equity investments, reinsurance transactions, investment management agreements, and bespoke capital solutions
• Underwrite equity investments in specialty finance and origination platforms that generate attractive assets for insurance companies, including analysis of origination volumes, unit economics, asset quality, funding structures, and forward-flow arrangements
• Assist in the evaluation, acquisition, and structuring of asset portfolios to meet insurance company objectives
• Support the structuring of investment solutions tailored to insurance company objectives, including rated feeder structures, collateralized fund obligations, and other capital-efficient formats across Blue Owl's credit, asset-based finance, and real estate strategies
• Build and maintain financial models, including transaction models, insurer capital analysis, rating agency capital frameworks, and relative value analysis
• Conduct due diligence on counterparties and targets, including review of financial filings, actuarial reports, investment portfolios, and regulatory considerations
• Prepare investment committee memoranda, board materials, and client presentations
• Coordinate transaction execution across internal origination teams, legal counsel, rating agencies, and external advisors
• Monitor existing strategic partnerships and portfolio investments, including ongoing financial and capital reporting
• Track insurance industry trends, competitor platform activity, and regulatory developments affecting insurer investment behavior
• Support BOIS strategic development including preparation of internal and external materials

Qualifications:

• Bachelor's degree required
• 2+ years of experience in investment banking (FIG, M&A or capital markets / structuring backgrounds preferred), insurance corporate development, actuarial advisory, asset based finance (investing or structuring), or a comparable role at an alternative asset manager with an insurance solutions platform
• Strong financial modeling and analytical skills; experience with insurance company financial statements (GAAP and statutory) preferred
• Leverage AI as a tool to drive efficiency.
• Experience with insurance, reinsurance, or broader FIG strongly preferred (i.e., accounting, capital frameworks, investment structuring, rating agency considerations).
• Exposure to structured credit, securitization, or fund finance a plus
• Excellent written and verbal communication skills; ability to produce investment-committee-quality materials with limited oversight
• Demonstrated ability to manage multiple concurrent workstreams in a lean team environment
• High degree of ownership, intellectual curiosity, and collaboration across teams

The base annual salary range for this New York City-based position will be $110,000 to $155,000. Actual salary offered will be based on the candidate’s skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

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.

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