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Asset Manager - Rediscount/Lender Finance Group

New York

Credit Funds

Ref#: 2216

Date published: 30-Jul-2018

Fortress Investment Group seeks an Asset Manager to administer and monitor specialty finance transactions relating to its longstanding Lender Finance group.

The Lender Finance group is part of Fortress’s Credit business and typically seeks to provide specialty finance lenders with financing solutions secured by diversified portfolios of both traditional and esoteric consumer and small business loans/receivables.  The group may also seek to opportunistically purchase portfolios of similar loans/receivables.  

The Lender Finance Asset Manager will:
Control and monitor closed transactions to ensure compliance with legal documents
Assist in the review and negotiation of legal documents
Assist in the development of underwriting practices and standards as well as due diligence and surveillance programs
Facilitate and execute client fundings (borrowing base confirmation) and monitor performance metrics (covenant and collateral triggers) and client reporting
Produce monthly and quarterly asset management reports
Produce monthly mark-to-market valuations of investments and work with third party valuation agents on a quarterly basis
Settle loan transactions for fees and interest
Coordinate transactions with various third parties (e.g., servicers, back-up servicers, trustees, collateral custodians and clients)
Participate in pre/post-closing due diligence including portfolio surveillance and credit monitoring
Analyze and stratify prospective and current client portfolio data
Assist in preparing cash flow models
Maintain credit files and documentation for Lender Finance transactions
Facilitate and execute on amendments and restructuring of loan facilities
Collaborate on regular and ad hoc assignments with in-house teams such as Accounting, Legal, Operations and Treasury

The ideal candidate will have:
A bachelor's degree in accounting, finance, economics or related field and at least two years of related experience in asset based credit analysis 
A background in investment banking, securitization banking, asset backed finance, asset backed securities portfolio management or asset based lending
An understanding of capital structures and balance sheets, familiarity with securitization structures and the ability to analyze a specialty finance company and its assets
An understanding of rating agency methodologies for traditional and esoteric assets
Exceptional interpersonal and communications skills
Strong analytical abilities and negotiating skills
Demonstrated strength in Excel, Word 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.