Associate

This role is a two-year program within the Credit Research team of the Fixed Income Group, offering hands-on experience in fundamental credit modeling, business valuation, and relative value analysis. Outstanding performers may be considered for a full-time offer based on performance and business needs. Candidates must work from the TCW Los Angeles office five days a week.

Responsibilities

• Support Senior Analysts in the investment analysis of leveraged loans and bonds.
• Build and maintain financial models and databases to monitor and analyze existing and prospective investments.
• Monitor and synthesize news flow, including company announcements, regulatory filings, sell-side research, ratings reports, and leveraged loan market positions.
• Communicate with external analysts and portfolio company management.
• Partner with the trading team to share portfolio updates and investment theses for new issues.
• Assist in the preparation of quarterly reports, credit summaries, and other internal research.

Requirements

• A minimum of 2 years of experience in buy-side/sell-side research, investment banking, leveraged finance, credit, private credit, private equity, or related fields.
• Bachelor’s degree from an accredited university/college with strong academic performance and relevant coursework.
• Strong finance, math, and Excel skills.
• Excellent verbal and written communication skills.

Skills

• Strong work ethic and uncompromising attention to detail.
• Ability to efficiently multi-task and work in a fast-paced environment.
• Initiative to complete tasks and enhance output under limited supervision.
• Collaborative, energetic, and team-oriented mindset.
• Interest in investing and intellectual curiosity.
• Creativity and an entrepreneurial attitude complementary to the investment process.

Pay

For California-based positions, the base salary is $150,000. This is an anticipated range only.

Benefits

• Discretionary bonus eligibility.
• Comprehensive benefits package, including medical, dental, and vision coverage.
• Retirement benefits.
• Paid time off.