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Corporate Loan Portfolio Management Analyst

Dallas

Credit Funds

Ref#: 2465

Date published: 16-Sep-2019

About the Position

The primary responsibilities will involve the monitoring of a portfolio of liquid and illiquid corporate loans and bonds, determining compliance with loan agreements / bond indentures, identifying evolving risks and opportunities, generating monthly and quarterly reporting for senior management review, executing amendments / add-on investments and assisting with the restructuring / workout of problem investments.  The Associate will report to a Managing Director in the Dallas office and work with a team of experienced underwriters, asset managers and traders in Dallas, New York and San Francisco.

 

Responsibilities 

  • Continuous monitoring and risk management of an assigned portfolio of liquid and illiquid credit investments across various industries
  • Proactive identification and management of deteriorating credits 
  • Develop a well-informed and balanced view of the business, financial, and competitive risks faced by a company, sector, and industry
  • Develop relationships and continuing dialogue with management of portfolio companies and other lenders / bondholders
  • Prepare and present monthly portfolio review material to senior management
  • Evaluate credit agreements, indentures, and other legal documentation to assess covenants and recovery prospects in the event of a default 
  • Analyze, prepare, and present for approval all required amendments, waivers, and extensions 
  • Work with third-party advisors on amendments and work-outs (financial / restructuring advisors, legal counsel)
  • Be informed / knowledgeable of macro trends in the high-yield and leveraged loan asset classes
  • Perform valuation and coverage analysis using discounted cash flow, comparative market multiples, and transaction multiple methodologies
  • Work with independent valuation specialists to validate the fair value of investments including yield and recovery analysis, as well as valuation methodologies applied 

 
Requirements:

  • Bachelor’s degree in Finance, Accounting, or Economics; MBA and/or CFA a plus but not necessary
  • 2-5 years of middle market banking, credit underwriting, legal documentation, transaction due diligence, corporate restructuring and/or portfolio management experience 
  • Strong interpersonal and communication skills to interact with management, bankers, industry analysts, and third-party valuation specialists
  • Must be detailed oriented and possess strong analytical, due diligence, and problem solving skills 
  • Advanced knowledge of MS Word, Excel, and PowerPoint


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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.