Associate

TCW; Los Angeles (CA); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Discretionary bonus

Job summary

TCW in Los Angeles seeks an Associate Credit Analyst to support credit research for leveraged loans and bonds, working with senior analysts to monitor positions and develop investment recommendations.

You will gain hands-on experience in fundamental credit modeling, business valuation, and relative value analysis in a fast-paced trading floor environment, with exposure across sectors. Two-year program with potential for full-time offer at program end.

Qualifications

• Minimum 2 years 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 with strong academics and relevant coursework.
• Strong finance, math, and Excel skills.
• Excellent verbal and written communication skills.

Responsibilities

• Support Senior Analysts in the investment analysis of leveraged loans and bonds.
• Build and maintain financial models and databases to monitor and analyze investments.
• Monitor and synthesize news flow: company announcements, regulatory filings, sell-side research, ratings reports.
• 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.

Skills

Finance knowledge

Excel skills

Strong communication

Education

Bachelor's degree

Tools

Financial modeling

Job description

Position Summary

The Associate Credit Analyst position is a key member of the Credit Research team within the Fixed Income Group. As an Associate, you will work closely with experienced credit research analysts to monitor investment positions and generate recommendations, primarily for our bank loan portfolios. This role offers the opportunity to gain hands-on experience in fundamental credit modeling, business valuation, and relative value analysis in a fast-paced trading floor environment.

The Associate Credit Analyst position is a key member of the Credit Research team within the Fixed Income Group. As an Associate, you will work closely with experienced credit research analysts to monitor investment positions and generate recommendations, primarily for our bank loan portfolios. This role offers the opportunity to gain hands-on experience in fundamental credit modeling, business valuation, and relative value analysis in a fast-paced trading floor environment. This is a two-year program with exposure to multiple industry sectors across Credit Research. Outstanding performers may be considered for a full-time offer at the conclusion of the program, subject to performance and business needs. This role requires candidates to work from the TCW Los Angeles office 5 days a week.

Essential Duties

• 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: company announcements, regulatory filings, sell-side research, ratings reports, etc., with a focus on 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

Required Qualifications

• 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

Professional Skills Qualifications

• 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

Desired Qualifications

• Interest in investing
• Intellectual curiosity, creativity, and an entrepreneurial attitude that will be complementary to the investment process

Estimated Compensation

Base Salary: For CA based position, the base salary base is $150k. This is an anticipated range only.

Other Compensation & Benefits: In addition to base salary, employees are eligible for a discretionary bonus and a comprehensive benefits package designed to support you and your family, invest in your health and wellbeing, and help build long-term financial security. Benefits include medical, dental, and vision coverage, retirement benefits, and paid time off. These benefits reflect our commitment to supporting the health, wellbeing, and long-term financial security of our employees and their families.

This position is not eligible for sponsorship