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This position has closed. Blue Owl Capital removed this listing from their careers page on Oct 6, 2026. The interview prep below is still useful, and there are similar open roles at the bottom of this page.

Risk Management (Insurance), Real Assets - Vice President

Blue Owl Capital · Chicago, IL · $150,000–$175,000 a year · Full time

Posted Aug 7, 2026 · We last checked this listing on Oct 5, 2026

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time an insurance issue threatened to delay a transaction closing. What did you do?

What they are checking: Whether they have handled deal deadlines and can keep the investment team moving under time pressure.

How do you explain insurance tradeoffs to investment professionals who just want the deal to close?

What they are checking: Whether they can turn complex risk issues into short, decision-ready advice for busy deal teams.

How do you evaluate brokers and carriers, and when have you pushed a broker to do better?

What they are checking: Whether they manage outside partners actively rather than relying on whatever the broker recommends.

What would you do

The posting says you'd create and run a transaction process for the risk team. What would that process look like on day one of a new deal?

What they are checking: Whether they can design a repeatable workflow that keeps insurance from becoming the last-minute blocker at closing.

A lender's insurance requirements are stricter than what the market will offer at a reasonable price. How do you handle it?

What they are checking: Whether they can negotiate with lenders and brokers using data instead of simply buying whatever is asked.

About the work

Walk me through how you'd build a lender-compliant insurance program for a newly acquired portfolio of real assets.

What they are checking: Whether they can translate loan insurance requirements into actual coverage limits, deductibles and policy terms.

How do you review a property insurance policy for gaps? What clauses do you read most closely?

What they are checking: Whether they understand policy language well enough to find coverage gaps before a claim exposes them.

What alternative risk programs, like captives or parametric coverage, have you worked with, and when do they make sense?

What they are checking: Whether they can look beyond standard policies to protect investments more cost effectively at scale.

How would you track renewals, certificates and compliance across many properties so nothing lapses?

What they are checking: Whether they have a system for portfolio-wide tracking, since one lapse can breach a loan covenant.

How have rising catastrophe and property insurance costs changed the way you'd structure coverage for real assets?

What they are checking: Whether they follow the current insurance market and can adjust strategy as pricing and capacity shift.

Practice this interview out loud.

Offer builds a real interview for this exact role at Blue Owl Capital from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by Blue Owl Capital.

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 The Role: The Risk Management team is responsible for acquiring and maintaining lender compliant insurance programs across multiple real asset portfolios within Blue Owl. Our goal is to utilize various insurance policies, best practices, and alternative risk programs to appropriately protect Blue Owl’s investments. We are seeking a collaborative and results-oriented individual to join Blue Owl’s growing Real Assets Risk Management team. This professional will be responsible for creating and running a transaction process for the Risk Department in order to facilitate current and future transaction volume. They will also assist in the strategic development of operational insurance programs which align with Blue Owl’s investment goals. Responsibilities: • Manage all insurance related aspects of transaction deal flow from initiation through closing • Conduct comprehensive insurance due diligence on prospective acquisitions • Partner with the transaction teams to provide necessary insurance information and escalate potential insurance related issues in a timely manner • Lead the placement and ongoing management of property insurance programs that satisfy lender requirements • Direct the procurement and administration of liability insurance coverage in compliance with financing covenants • Develop, standardize, and improve processes related to insurance within the transaction lifecycle • Collaborate within the department to shape and execute long-term insurance strategies • Elevate traditional insurance programs to align with Blue Owl’s evolving business needs • Utilize Risk Management Information System (RMIS) manage insurance programs Qualifications: • 7-10 years of related experience in risk management or insurance broker role, preferably in real estate • Licensed in State of Illinois (required upon or after hire) • Bachelor’s degree required • ARM, CPCU or CRIS preferred • Leverage AI as a tool to drive efficiency It is expected that the base annual salary for this Chicago based position will be $150,000 - $175,000. 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. 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.