Valuations Analyst/ Associate

Fortress Investment Group

New York, NY, USA
Posted on June 10, 2024

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $48 billion of assets under management as of December 31, 2023. 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. For additional information on Fortress, please visit www.fortress.com.

About Credit

Fortress’s Credit business was launched in 2002. 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. The investment team has a long and established track record investing throughout a number of credit and distressed cycles around the world. With over 130 professionals dedicated to asset management in 11 office locations worldwide, the Fortress Credit team also has the experience and expertise to manage and service assets with operational complexity.

About the Position

Fortress Investment Group is seeking a Valuation Analyst/Associate within its Credit Funds business. The position will be a highly visible and key role on the Valuations team, assisting in the fair value determination of private investments within the Credit Funds business.

Responsibilities:

• Oversight and in-depth review of monthly valuations of the Credit Funds’ investments

• Review internal valuations utilizing a variety of valuation techniques including discounted cash flow analysis, comparable company analysis, precedent transactions analysis, and other methodologies with asset managers and investment professionals to understand movements in valuations.

• Assist in the on-going analysis of the portfolio by reviewing complex financial models, key valuation assumptions and performance indicators, projected cashflows, and by tracking significant events for each asset.

• Prepare the results of valuations analysis, highlighting key findings. Compile valuations and supporting information and prepare summary packages to be reviewed by senior management and Valuation Committee

• Liaise with our auditors by gathering pertinent information requests and tracking documentation.

• Assist with policy and procedure reviews across Credit regarding Valuation to ensure consistency and accuracy.

• Develop strong relationships and effective lines of communication with colleagues and third parties (including Credit Funds senior management, investment teams, asset management, fund accounting, and auditors)

Qualifications:

The ideal candidate will have 2-4 years of relevant experience.

• Must have hands on experience with private valuations (debt and and/or equity valuations)

• Bright, quick learner, reliable, self-motivated, self-starter

• Strong personal ownership and ability to resolve issues independently.

• Strong problem solving and critical thinking skills

• Strong interpersonal (verbal and written communication) skills, including experience presenting / communicating with senior managers.

• Process improvement orientated with a demonstrated track record of implementing enhancements.

• Ability to take initiative and work independently, as well as work closely with fellow team members in a collaborative environment.

• High degree of accuracy and attention to detail.

• Advanced proficiency in Microsoft Excel is expected.

• Working knowledge of Bloomberg and Wall Street Office is preferred.

• Alternative asset management experience, bank valuation or marking agent experience preferred

• Ability to interpret a Credit Agreement is a plus.

• Ability to build a discounted cashflow model is a plus.

• CFA designation (or working toward) is a plus.

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