Managing Director, Originations, Opportunistic Credit

About the role

Marathon Asset Management is a leading global asset manager specializing in public and private credit with ~$24 billion in assets under management. Marathon is recognized as a distinguished leader with 27+ years of exceptional performance and partnership. Marathon’s integrated global credit platform is driven by specialized, highly experienced, and disciplined teams across Private Credit (Direct Lending, Asset Based Lending, and Opportunistic Credit) and Public Credit (High Yield, Leveraged Loans & CLOs, Emerging Markets, and Structured Credit). The firm’s mission is to build lasting partnerships with an unwavering commitment to delivering best-in-class performance, service, and reliability on behalf of clients.

Responsibilities

• Lead Marathon’s sponsor coverage initiative within the Opportunistic Credit platform, with a focus on middle-market and upper middle-market private equity sponsors.
• Originate differentiated private credit opportunities with a target return of mid-teen gross IRR across industries and capital structure.
• Build and maintain strong relationships with sponsors, management teams, and intermediaries to generate proprietary deal flow.
• Drive coverage strategy by prioritizing sponsor relationships, implementing tracking systems (CRM), and institutionalizing an effective outreach and follow-up framework.
• Partner with investment team colleagues on underwriting, structuring, and executing investment opportunities.
• Generate actionable intelligence on portfolio company activity, liquidity needs, and refinancing or recapitalization events.
• Represent Marathon in the market with professionalism and credibility, reinforcing the firm’s broader reputation in credit while helping expand its footprint.
• Collaborate internally with legal, capital markets, and portfolio operations teams to ensure investment execution and post-close engagement are seamless.

Requirements

• Bachelor’s degree from a top-tier university.
• 15+ years of experience in investment banking within a coverage team, or cash flow lending with existing sponsor relationships and originations responsibilities.
• Proven ability to develop and maintain sponsor relationships, with a middle-market or upper middle-market focus preferred.
• Strong written, verbal, and interpersonal communication and presentation skills.
• Ability to work under pressure in a rapidly evolving environment; strong attention to detail with a proven ability to multi-task.
• Demonstrated strong work ethic, commitment to excellence, and unquestionable integrity.
• Highly motivated self-starter who is coachable; willing to embrace a collaborative firm culture.

Pay

The salary range for this role is $200,000–$300,000 in base pay (exclusive of bonus or additional benefits). Base pay offered will be determined based on experience, location, skills, training, certifications, internal equity, and market data. Candidates are not expected to begin at the top of the range, though exceptions may occur on a case-by-case basis.

Benefits

• Medical, pharmacy, dental, and vision coverage.
• Health Savings Account (HSA) and Flexible Spending Account (FSA).
• Short-term and long-term disability (STD/LTD) and life insurance.
• Paid time off (PTO) and commuter benefits.
• Company-provided lunches.