Associate, US Senior Loans, 2026

Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. With over 1,400 employees and offices in more than 25 cities worldwide, Oaktree is committed to cultivating a collaborative, curious, and inclusive environment that honors diversity of thought. The firm provides training and career development opportunities and supports local communities through philanthropic initiatives.

About the role

Based in Downtown Los Angeles, this is a 2-year associate program within the U.S. Senior Loans Group. Oaktree’s U.S. Senior Loan strategy, launched in 2007, invests in broadly-syndicated, senior-secured loans or other senior, non-investment-grade debt, typically representing the most senior component in the borrower’s capital structure. The strategy focuses on U.S. dollar-denominated loans secured by first-priority liens in performing companies primarily within the U.S. and Canada, but also extends to Europe. It may also invest in second lien loans, non-dollar-denominated loans, and secured or unsecured bonds where the underlying business value exceeds the claim value in downside scenarios.

The group has expanded with products like Enhanced Income (a lightly-levered CLO structure) and a traditional CLO product.

Responsibilities

• Prepare detailed financial modeling.
• Perform quantitative and qualitative analysis.
• Develop and maintain business and industry due diligence.
• Participate in deal structuring, legal documentation, and negotiations.
• Monitor the performance of existing portfolio investments.

Requirements

• 2-3 years of experience as an analyst with a top investment bank within merchant banking or leveraged finance.
• Outstanding financial modeling and analytical skills.
• Demonstrated competency in financial statement analysis, business valuation, accounting, and finance.

Qualifications

Personal Attributes

• Outstanding initiative and self-starter mindset.
• Non-linear thinking with excellent written, verbal, and interpersonal communication skills.
• Ability to prioritize and manage multiple competing tasks.
• Collaborative, team-oriented individual with a strong sense of integrity and professionalism.

Education

• A Bachelor’s degree with honors from a top university or college is required.

Pay

Base salary range: $100,000 - $150,000. In addition to a competitive base salary, you will be eligible for discretionary bonus incentives and a comprehensive benefits package. The base salary offered will be commensurate with experience, qualifications, industry knowledge, and expertise.