Permanent Capital Vehicles
Date published: 2-Nov-2021
Fortress Investment Group LLC is a leading, highly diversified global investment manager. 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
About New Residential Investment Corp.
New Residential Investment Corp. (NYSE:NRZ) is a leading provider of capital and services to the mortgage and financial services industries. New Residential’s investment portfolio includes mortgage servicing related assets, agency and non-agency securities (and associated call rights), residential loans and other related opportunistic investments. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3.4 billion in dividends to shareholders. Following the acquisition of Shellpoint Partners LLC, a mortgage servicer and originator in 2018, assets from Ditech in 2019 and Caliber Holidngs, Inc in 2021, New Residential also benefits from originations and third-party servicing platforms, as well as a suite of ancillary businesses, including title insurance, appraisal management, property management and other real estate services. New Residential is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group, LLC, a global investment management firm, and headquartered in New York City.
About the Position
NRZ is looking for a motivated self-starter to lead the valuation department. Reporting to the Chief Financial Officer, and managing one full time employee, you will be part of a vibrant, fast paced office environment with exposure to complex financial products and investments in the residential mortgage business. This is a role with direct exposure to front office and senior management.
As a VP within the NRZ valuation group, you will be responsible for the valuation of the financial products in the portfolio, including RMBS, Mortgage Servicing Rights (“MSRs”) and Residential Mortgage Loans. In working for a publicly listed mortgage REIT, you will assist with the collection, consolidation, and analysis of financial information underlying the financial statements, footnotes, and supporting schedules.
The ideal candidate should have:
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.