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Associate, Specialty Finance

New York

Credit Funds

Ref#: 3019

Date published: 27-Jul-2022

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.0 billion of assets under management as of March 31, 2022. Founded in 1998, Fortress manages assets on behalf of over 1,900 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.  We had approximately 872 employees and 203 investment professionals as of March 31, 2022, at our headquarters in New York and our affiliate offices around the globe.

About the Position

Fortress is seeking an Associate to join its Specialty Finance Group within the Credit Funds business.  The Specialty Finance Group focuses on a broad mandate of investment opportunities in the specialty finance sector including consumer finance, small business finance and litigation finance. The team generally concentrates on lending to non-bank finance companies in these sectors along with the acquisition of the same type of assets. The investment model emphasizes deep industry and asset class specific research along with substantial data analysis as a backdrop to formulating opinions on attractive transactions and deal structures.

The Specialty Finance Associate will:

  • Perform credit analysis, asset performance analysis and other data analytics, including pricing and comprehensive asset valuations
  • Develop complex asset based financial models and develop and maintain group asset databases.
  • Perform comparative company and asset performance analysis to determine structure and project investment returns
  • Conduct detailed client and asset diligence
  • Prepare internal information and investment memoranda
  • Assist in the review of transaction-related documentation
  • Identify and research investment opportunities while assisting in maintaining portfolio investments

The ideal candidate will have:

  • A bachelor's degree in finance, economics, mathematics, computer science or a related field is required
  • 2-3 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
  • Familiarity with securitization structures and the ability to analyze a specialty finance company and its assets
  • Excellent financial modeling and Excel skills
  • Strong written and oral communication skills
  • A basic understanding of accounting, including capital structures and balance sheets

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.