Associate, Specialty Finance
New York, NY
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $49 billion of assets under management as of September 30, 2024. Founded in 1998, Fortress manages assets on behalf of over 2,000+ institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.
About the Position
Fortress is seeking an Associate to join its Asset-Based Credit Group within the Credit Funds business. The Asset-Based Credit Group focuses on a broad mandate of investment opportunities across the capital structure in the specialty finance sector including consumer finance, commercial finance and other contractual cash flowing receivable assets. The team generally concentrates on lending against and acquiring assets originated by companies across these sectors. 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 Associate will join our New York office (in-person) and will be involved in all aspects of the investment process including research, financial modeling, legal documentation, due diligence and portfolio management. Experience with asset-based financing, structured credit and securitization required.
The Specialty Finance Associate will:
• Perform financial modeling, asset performance analysis and other data analytics, including pricing and comprehensive asset valuations.
• Develop quantitative asset based financial models and develop and maintain group asset databases. Strong proficiency with Excel is critical for success in the role.
• 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 committee memoranda.
• Assist in the review of transaction-related documentation.
• Identify and research investment opportunities while assisting in maintaining portfolio investments.
• Provide oversight and input on transactions in portfolio and work with asset managers to actively manage and continuously assess risk and exposure across portfolio.
The ideal candidate will have:
• A bachelor's degree in finance, economics, mathematics, computer science or a related field is required.
• Minimum of 2-3 years of finance experience with direct exposure to asset-based transactions.
• A background in investment banking, securitization banking, asset-based 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.
• Sophisticated financial modeling and analytical capabilities using standard tools (e.g. Excel). Database and programming skills are a plus.
• Strong written and verbal communication skills.
• Self-motivated and driven with ability to work in a collegial, demanding, and dynamic environment.