What are the responsibilities and job description for the Associate/Senior Associate - Private Equity position at Monroe Capital LLC?
Job Type
Full-time
Description
Location: Chicago, IL (Hybrid – 4 days per week in office)
About The Role
Monroe Capital is seeking a highly driven and hands-on Associate/Senior Associate to assist with value creation across our portfolio. This individual will serve as a bridge between investment execution and operational transformation, working directly with management teams and Boards to accelerate growth, improve profitability, and enhance cash flow performance.
As part of a lean and collaborative team, the Associate/Senior Associate will play an outsized role in driving portfolio results, supporting investments, and reinforcing Monroe’s culture of analytical rigor, transparency, and action orientation.
Key Responsibilities
Physical Requirements
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Compensation And Benefits
Base salary range: $100,000-150,000 plus performance-based bonus and comprehensive benefits package (including medical, dental, 401(k), and paid time off). Actual compensation will vary based on experience and qualifications. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Firm or individual department/team performance, and market factors.
What Success Looks Like
Within the first 12–24 months, the Associate/Senior Associate will have:
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 12 locations throughout the United States, Middle East, Asia and Australia.
Monroe has been recognized by both its peers and investors with various awards including GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s 2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative Private Credit CLO Manager of the Year; Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Global M&A Network as the 2024 Lower Mid-Markets Lender of the Year, Americas; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
Full-time
Description
Location: Chicago, IL (Hybrid – 4 days per week in office)
About The Role
Monroe Capital is seeking a highly driven and hands-on Associate/Senior Associate to assist with value creation across our portfolio. This individual will serve as a bridge between investment execution and operational transformation, working directly with management teams and Boards to accelerate growth, improve profitability, and enhance cash flow performance.
As part of a lean and collaborative team, the Associate/Senior Associate will play an outsized role in driving portfolio results, supporting investments, and reinforcing Monroe’s culture of analytical rigor, transparency, and action orientation.
Key Responsibilities
- Partner with management teams to design and execute strategic and operational value-creation plans.
- Lead key initiatives that deliver measurable EBITDA and cash-flow improvements across assigned portfolio companies.
- Develop and monitor detailed financial models, KPI dashboards, and performance tracking systems.
- Support liquidity management, including monitoring of 13-week cash flows and working capital improvement initiatives
- Assist with recruiting, onboarding, and mentoring of key portfolio executives and operational leaders.
- Provide structured updates to Monroe’s leadership and investment committees, ensuring clear visibility into progress, challenges, and outcomes.
- Contribute to a flat, collegial team environment characterized by accountability and shared success.
- 3 years of professional experience, including at least 1-2 years in private equity or principal investing. Prior experience in investment banking, strategy & operations consulting, or turnaround advisory preferred.
- Track record and interest working on operational transformations, carve-outs, or turnaround initiatives.
- Strong analytical and financial acumen, with the ability to connect data-driven insights to real-world operating decisions.
- Excellent communication and relationship-building skills with management teams, boards, and investors.
- Hands-on, low-ego leader comfortable operating in a fast-paced, entrepreneurial setting.
- Bachelor’s degree from a top-tier institution.
- Based in Chicago with willingness to travel to portfolio companies (15-25%).
Physical Requirements
- Stationary Work: Able to remain in a stationary position for extended periods while performing computer work, phone communication, and administrative tasks.
- Movement: Occasionally moves about the office to access files, supplies, meeting rooms, or other work areas.
- Reaching/Positioning: Occasionally positions self to access shelves, organize materials, or retrieve office supplies.
- Computer and Equipment Use: Regularly operates a computer and other standard office productivity equipment (e.g., phone, printer, copier).
- Communication: Able to communicate effectively in person, over the phone, and through electronic methods as required to perform essential job duties.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Compensation And Benefits
Base salary range: $100,000-150,000 plus performance-based bonus and comprehensive benefits package (including medical, dental, 401(k), and paid time off). Actual compensation will vary based on experience and qualifications. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Firm or individual department/team performance, and market factors.
What Success Looks Like
Within the first 12–24 months, the Associate/Senior Associate will have:
- Delivered measurable EBITDA and cash-flow improvement across multiple portfolio companies.
- Installed actionable KPI dashboards and management reporting systems.
- Assist with hiring and development of key operational leaders in the portfolio.
- Strengthened Monroe’s reputation for disciplined, hands-on value creation.
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 12 locations throughout the United States, Middle East, Asia and Australia.
Monroe has been recognized by both its peers and investors with various awards including GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s 2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative Private Credit CLO Manager of the Year; Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Global M&A Network as the 2024 Lower Mid-Markets Lender of the Year, Americas; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
Salary : $100,000 - $150,000