What are the responsibilities and job description for the Associate, Specialty Finance position at Fortress Investment Group?
Requirements
Description & Requirements
Associate, Specialty Finance
New York, NY
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $49 billion of assets under management as of March 31, 2024. Founded in 1998, Fortress manages assets on behalf of over 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.
About The Position
Fortress is seeking an Associate to join its Asset-Based Credit Group within the Credit Funds business. The Asset-Based Credit Group focuses on a broad mandate of investment opportunities across the capital structure in the specialty finance sector including consumer finance, commercial finance and other contractual cash flowing receivable assets. The team generally concentrates on lending against and acquiring assets originated by companies across these sectors. The investment model emphasizes deep industry and asset class specific research along with substantial data analysis as a backdrop to formulating opinions on attractive transactions and deal structures.
The Associate will join our New York office (in-person) and will be involved in all aspects of the investment process including research, financial modeling, legal documentation, due diligence and portfolio management. Experience with asset-based financing, structured credit and securitization required.
The Specialty Finance Associate Will
The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.
Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.
Description & Requirements
Associate, Specialty Finance
New York, NY
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $49 billion of assets under management as of March 31, 2024. Founded in 1998, Fortress manages assets on behalf of over 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.
About The Position
Fortress is seeking an Associate to join its Asset-Based Credit Group within the Credit Funds business. The Asset-Based Credit Group focuses on a broad mandate of investment opportunities across the capital structure in the specialty finance sector including consumer finance, commercial finance and other contractual cash flowing receivable assets. The team generally concentrates on lending against and acquiring assets originated by companies across these sectors. The investment model emphasizes deep industry and asset class specific research along with substantial data analysis as a backdrop to formulating opinions on attractive transactions and deal structures.
The Associate will join our New York office (in-person) and will be involved in all aspects of the investment process including research, financial modeling, legal documentation, due diligence and portfolio management. Experience with asset-based financing, structured credit and securitization required.
The Specialty Finance Associate Will
- Perform financial modeling, asset performance analysis and other data analytics, including pricing and comprehensive asset valuations.
- Develop quantitative asset based financial models and develop and maintain group asset databases. Strong proficiency with Excel is critical for success in the role.
- Perform comparative company and asset performance analysis to determine structure and project investment returns.
- Conduct detailed client and asset diligence.
- Prepare internal information and investment committee memoranda.
- Assist in the review of transaction-related documentation.
- Identify and research investment opportunities while assisting in maintaining portfolio investments.
- Provide oversight and input on transactions in portfolio and work with asset managers to actively manage and continuously assess risk and exposure across portfolio.
- A bachelor's degree in finance, economics, mathematics, computer science or a related field is required.
- Minimum of 2-3 years of finance experience with direct exposure to asset-based transactions.
- A background in investment banking, securitization banking, asset-based finance, asset backed securities portfolio management or asset-based lending.
- Familiarity with securitization structures and the ability to analyze a specialty finance company and its assets.
- Sophisticated financial modeling and analytical capabilities using standard tools (e.g. Excel). Database and programming skills are a plus.
- Strong written and verbal communication skills.
- Self-motivated and driven with ability to work in a collegial, demanding, and dynamic environment.
The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.
Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.
Salary : $145,000 - $155,000
