Credit Analyst/Associate, Private Fixed Income

Posted:
7/23/2024, 5:00:00 PM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Position Overview

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes.

Come to Apollo and join a community of extraordinary people who are committed to a culture of excellence and collaboration in everything that we do. We invest in our people for the long term and are committed to supporting their development at every stage of their career.

The Role

The Analyst or Associate (depending on experience) will be responsible for conducting fundamental credit research and financial statement analysis that will enhance Apollo’s ability to monitor and effectively manage risk within various portfolios of private fixed income investments. This individual will formulate and maintain forward looking investment recommendations), assign and maintain internal ratings and outlooks, develop credit strategy for securities held in the portfolio. This will include proactive and comprehensive communication (both written and verbal) with portfolio managers and other analysts on relevant credit issues and performance, industry developments and views, investment recommendations and idea generation, often with limited supervision or direction.

Primary Responsibilities

  • Perform independent credit analysis to control risk and help develop actionable credit strategies for investment-grade private fixed income investments. This will include actively monitoring existing holdings to manage credit risk for various private credit portfolios.

  • Formulate and maintain forward looking investment recommendations and determine credit quality by assigning and maintaining independent internal ratings, risk scores and outlooks for securities in the portfolio. This will include proactive and comprehensive communication (both written and verbal) with portfolio managers and other analysts on relevant credit issues and performance, industry developments and views, investment recommendations, and idea generation.

  • Independently compile, model and analyze company and industry financial data (quantitative and qualitative), company news and releases, participate in earnings calls and investor updates to assess operating trends and credit quality of issuers.

  • Demonstrate a comprehensive knowledge of macro-economic events, the impact such events may have on specific issuers or sectors and make recommendations accordingly.

  • Analyze and monitor issuer covenant compliance and applicable legal documentation issues on existing portfolio holdings. This analysis includes the review and evaluation of investment covenant compliance ratios, covenant headroom and other contractual restrictions with the objective of proactively identifying and making timely portfolio action recommendations for prospective changes in credit quality.

  • Evaluate and negotiate servicing actions including amendments, consents, waivers and prepayments collaborating closely with legal counsel.

  • Assist with portfolio management activities such as portfolio pricing, ESG scorecard for issuers, management reporting activities, performance measurement and special projects.

Qualifications & Experience

  • Experience monitoring private credit investments, particularly investment grade is required.

  • Bachelor’s degree in finance, economics or related field; pursuit of MBA and/or CFA designation is highly encouraged if not currently held.

  • 2-6 years of investment experience or relevant experience performing fundamental credit research. Strong understanding of financial reporting, various capital and deal structures and accounting principles is required.

  • General knowledge of capital markets and fixed income investments is preferred.

  • Candidate must possess strong, written and verbal communication skills and must demonstrate a consistent ability to work with minimum supervision.

  • Candidate is expected to become proficient with software used for investment research and analysis such as Microsoft Office, especially Excel & PowerPoint, as well as other financial software such as Bloomberg.

  • The ideal candidate will also be highly detail-oriented, well-organized, independent, entrepreneurial, assertive, self-motivated, and be able to prioritize in a fast-paced environment.

About Apollo

Our Purpose & Core Values

Our clients rely on our investment acumen to help secure their future. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. We strive to be:

The leading provider of retirement income solutions to institutions, companies, and individuals.

The leading provider of capital solutions to companies. Our breadth and scale enable us to deliver capital for even the largest projects – and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. We are committed to helping them build stronger businesses.

A leading contributor to addressing some of the biggest issues facing the world today – such as energy transition, accelerating the adoption of new technologies, and social impact – where innovative approaches to investing can make a positive difference.

We are building a unique firm of extraordinary colleagues who:

  • Outperform expectations
  • Challenge Convention
  • Champion Opportunity
  • Lead responsibly
  • Drive collaboration

As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together.

Our Benefits

Apollo relies on its people to keep it a leader in alternative investment management, and the firm’s benefit programs are crafted to offer meaningful coverage for both you and your family. Please reach out to your Human Capital Business Partner for more detailed information on specific benefits.

Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is an equal opportunity/affirmative action employer. The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.

Pay Range

$125,000-200,000

The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.

Apollo Global Management

Website: https://apollo.com/

Headquarter Location: New York, New York, United States

Employee Count: 1001-5000

Year Founded: 1990

Last Funding Type: Post-IPO Debt

Industries: Asset Management ⋅ Credit ⋅ Financial Services ⋅ Property Management ⋅ Real Estate