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Corporate Loan Portfolio Management Analyst

Dallas

Credit Funds

Ref#: 2604

Date published: 3-Nov-2020

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $45.5 billion of assets under management as of June 30, 2020. Founded in 1998, Fortress manages assets on behalf of approximately 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.


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. 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.


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 Analyst / 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.


Corporate Portfolio Loan Management Analyst


Responsibilities

Continuous monitoring and risk management of an assigned portfolio of liquid and illiquid credit investments across various industries

Proactive management of 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 maintain 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.