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Internal Sales Associate, Private Wealth Solutions
New York
Capital Formation Group
Ref #
3047
Date published
23-Sep-2022
Internal Sales Associate, Private Wealth Solutions

About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $45.7 billion of assets under management as of September 30, 2022. 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. 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.

About Credit
Fortress’s Credit business was launched in 2002 by Pete Briger. Today, the Fortress Credit team consists of over 525 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. We manage assets on behalf of many of the world’s most prominent and sophisticated allocators, including public and private pensions, sovereign wealth funds, large institutions and private clients.

About the Position
The New York office has an opening for a Sales Associate in the Credit and Real Estate Business Capital Formation Group for an internal sales team member focused on Private Wealth distribution. The Associate will support an external Sales Team member and manage various aspects of the internal sales process for current and prospective investors for wire house, regional/independent broker dealer and RIA relationships. The individual will work directly with the external Sales Team and Head of Capital Formation Group. This position offers significant growth and advancement opportunities.

The Credit and Real Estate Business Capital Formation Sales Associate will:
• Support external sales team member for their respective region/territory. This includes scheduling meetings, coordinating travel, scheduling roadshows, follow up calls, call campaigns and other day to day internal sales responsibilities
• Make proactive daily sales calls to existing and prospective investors to strengthen the firm’s relationship and build brand awareness within PWM
• Sourcing new leads and relationships within the RIA and regional/independent broker dealer community
• Answering inbound requests from current and prospective investors and coordinating response with their external team member
• Work closely with their external sales team member to develop business plan to generate and maximize sales within the territory
• Work closely with IR team to manage and develop CRM system focused on PWM to maximize sales and generate sales reporting
• Assist with administrative needs when appropriate

The ideal candidate will have:
• A bachelor’s degree from a top university with a strong academic record
• At least 2 - 3 years of alternative investment sales experience to wire house, regional/independent broker dealers and RIAs
• Credit and/or real estate experience a strong plus
• An understanding of broad financial markets and indices
• Advance proficiency in CRM systems focused on alternative investments
• Advanced proficiency in PowerPoint and Excel
• Excellent verbal and written communication skills and strong interpersonal skills
• Ability to effectively manage multiple priorities
• Self-motivation with the ability to work independently and as a team player
• Excellent organizational skills
• Meticulous attention to detail
• Strong work ethic and desire to excel in a dynamic and fast-paced work environment
• Series 7 & 63 preferred

The base salary range for this position is expected to be between $100,000 and $150,000.

The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.
Maximum Salary
150,000
Minimum Salary
100,000


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.