Date published: 15-Jul-2019
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $39.2 billion of assets under management as of March 31, 2019. Founded in 1998, Fortress manages assets on behalf of over 1,750 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.
Fortress Transportation and Infrastructure (NYSE: FTAI) is a global company that owns and acquires high quality transportation equipment and infrastructure that is essential for the transportation of goods and people globally. FTAI currently invests across four market sectors: aviation, energy, intermodal transport and rail. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, which has a dedicated team of professionals who collectively have acquired over $17 billion in transportation related assets since 2002.
About The Position
This position is responsible for supporting the asset management department of the FTAI Aviation business. This person will be a key member in the management of all aircraft and engine leases and the go to person for our lessees. The individual will create and implement best practices in coordination with several departments within the company including: Tech Ops, System Ops, Legal, and other teams.
Manage and track the status of each leased aircraft and engine ensuring compliance with all covenants and requirements under the lease agreement
Liaison with Commercial and Legal teams on the drafting and execution of lease agreements, lease amendments and other legal documents as necessary
Manage the claims process for reimbursement of maintenance events and invoices as necessary, including collaboration with Tech Ops
Manage and coordinate correspondence with lessors and lessees as needed
Review monthly invoices to ensure accuracy for all items including but not limited to monthly rent, supplemental rent and return conditions
Manage the accounts receivable function, ensuring timely collection of payments, processing of invoices, and customer reconciliations
Create and implement strategies to increase the number of successful collections on delinquent accounts
Negotiate with lessees in non-payment cases
Special Projects include focusing on process improvement and company policy making as required
Assist in the design and implementation systems to ensure processes are carried out efficiently and effectively.
Bachelor of Science in Business with a major in Finance (preferred) or other technical/mathematical discipline (with relevant business experience) strongly preferred.
Four to six years of relevant experience with at least two years at corporate level.
Experience in the Aircraft leasing business
Prior experience in a start-up company environment or enterprise-wide transformation a plus.
Ability to work in a fast-paced and dynamic environment
Previous experience and proficiency with Microsoft NAV, and MS Office Suite (particularly Excel and Word)
Demonstrated ability to work effectively with complex details, high attention to detail and problem solve
Strong track record of delivering accurate, timely information and reports, with careful eye for detail.
Superior analytical, quantitative and communication (both oral and written) skills.
Must have strong drive and initiative with ability to balance multiple tasks.
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.