Credit Portfolio Accountant
Dallas, TX
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $48 billion of assets under management as of June 30, 2024. Founded in 1998, Fortress manages assets on behalf of approximately 2,000 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 500 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. The investment team, led by Co-CIOs Pete Briger and Dean Dakolias, has a long and established track record investing throughout a number of credit and distressed cycles around the world, including the RTC Workout and the Asian Financial Crisis. 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.
Responsibilities
• Maintain accounting records for various SPVs across the Credit Funds
• Weekly reviews of transactional activity booked by Operations staff
• Coordination and review of monthly reporting with fund administrator
• Prepare financial statements for external reporting
• Coordinate with auditors on deliverables and assist in preparation of financial statements, footnotes and supporting schedules for audited vehicles
• Assist in enhancement of accounting and reporting procedures
• Assist with various special projects on an ad-hoc basis
Skills Required
• An understanding of financial reporting systems, procedures and controls
• Strong track record of delivering accurate, timely accounting information and reports
• Presence and poise to interact with internal and external groups
• Strong organizational skills, attention to detail and prioritization capabilities to handle multiple responsibilities in a fast-paced environment
• Strong written and verbal communication skills
• Strong quantitative skills
• Advanced Excel skills
Qualifications
• Bachelor's degree in Accounting or Finance
• 2-4 years of public accounting and/or private accounting
• Experience in the financial industry or hedge funds is preferred
• CPA license is a plus
The successful candidate will be:
• Bright and a quick learner, a self-motivated team player
• Proactive and high-energy with a hands-on approach to problem solving
• Flexible, adaptable, self-confident and able to work in a dynamic environment with changing priorities