Associate, US Senior Loans, 2026

Oaktree•Los Angeles, CA

8d•Hybrid

About The Position

Oaktree is seeking an associate to work within the U.S. Senior Loans Group for a 2-year program. The U.S. Senior Loan strategy, initially formed in September 2007, capitalizes 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, often constituting the most senior component in the borrower’s capital structure. In 2012, a new product, Enhanced Income, was introduced, investing in senior loans through a lightly-levered CLO structure, followed by a traditional CLO product launch in 2014. The strategy focuses on U.S. dollar-denominated loans secured by first-priority liens in performing companies primarily within the U.S. and Canada, with potential investments in Europe. While less common, investments may also include second lien loans, non-dollar-denominated loans, and secured or unsecured bonds when the value of the underlying business comfortably exceeds the value of the 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

Nice To Haves

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