What are the responsibilities and job description for the Treasury Associate position at Fortress Investment Group?
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $49 billion of assets under management as of September 30, 2024. Founded in 1998, Fortress manages assets on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.
About Credit
Fortress’s Credit business was launched in 2002 by Pete Briger. Today, the Fortress Credit team consists of over 500 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. The investment team, led by Co-CIOs Pete Briger and Dean Dakolias, has a long and established track record investing throughout a number of credit and distressed cycles around the world, including the RTC Workout and the Asian Financial Crisis. With over 100 professionals dedicated to asset management in 14 geographic locations, the Fortress Credit team also has the experience and expertise to manage and service assets with operational complexity.
Responsibilities
- Assist in the ongoing process of negotiating and setting up credit agreements, asset financing facilities and ISDAs
- Reviewing, analyzing, and monitoring debt compliance and financing covenant tests
- Reviewing, analyzing current trading agreements
- Issue and manage letters of credit
- Assist in cash management of numerous Private Equity and Hedge Funds as well as affiliated securitizations
Skills Required
We have identified a set of fundamental skills that are required to meet business demands and to deliver the level of excellence that investors expect from Fortress. We look for people with a passion for excellence and a desire to be challenged as well as:
- Strong problem-solving and analytical skills
- Team and achievement orientation
- Commercial focus and interest in financial markets
- Strong written and oral communication skills
- Attention to detail
- Positive initiative with ability to work in fast-paced, dynamic environment and drive small projects forward
- Strong working knowledge of MS Office applications
