Associate, US Senior Loans, 2026

Oaktree Capital Management, L.P.•Los Angeles, CA

9d•$100,000 - $150,000•Onsite

About The Position

Based in Downtown Los Angeles, Oaktree is seeking an associate to work within the U.S. Senior Loans Group for a 2-year program. Oaktree initially formed the U.S. Senior Loan strategy in September 2007 to capitalize on the backlog of "hung" bridge loans held by investment banks. The strategy typically invests in broadly-syndicated, senior-secured loans or other senior, non-investment-grade debt. In most instances, the instruments we target constitute the most senior component in the borrower’s capital structure. In 2012, we continued to expand the strategy with a new product, Enhanced Income, which invests in senior loans through a lightly-levered CLO structure; and in 2014, we launched a traditional CLO product. The strategy’s focus is on U.S. dollar-denominated loans secured by first-priority liens in performing companies primarily within the U.S. and Canada, but also within Europe. Though it is less common, we may also invest in second lien loans, non-dollar-denominated loans, and secured or unsecured bonds, where we believe the value of the underlying business comfortably exceeds the value of our claim in a downside scenario.

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.
Must have outstanding initiative and be a self-starter
Demonstrate non-linear thinking and have excellent written, verbal and interpersonal communication skills
Ability to prioritize and manage multiple competing tasks
Collaborative, team-oriented individual with strong sense of integrity and professionalism