Associate, Asset-Backed Finance – Business-Purpose Residential (SFR/RTL)

Position Overview

Apollo Asset-Backed Finance (“ABF”) is a $100+ billion AUM strategy within Apollo’s Credit platform which spans a diverse set of product types (including residential mortgages, commercial mortgages, consumer finance, commercial and trade finance, equipment and transportation, hard assets, royalties, and other structured debt assets), investment formats (including securitized products, whole loans, ABLs, bespoke financings, and structured equity), and risk-return profiles on behalf of Apollo-managed funds, managed accounts, and affiliated balance sheets. ABF also works in close collaboration with Apollo’s financial services private equity and capital solutions teams on the management of and deployment opportunities arising from Apollo’s origination platform ecosystem.

The Role

ABF is currently seeking an Associate to join its El Segundo, CA-based investment team to focus on business-purpose residential credit. Relevant sub-sectors include Residential Transitional Loans (RTL), Single-Family Rental (SFR), and Build-to-Rent (BTR) debt products, covering both whole loans and securitizations. Duties will include loan-level analysis, portfolio surveillance, preparation of analytics, reports, and presentations used in the investing process, review of transaction and loan documentation, creation and maintenance of financial models, interfacing with both internal and external parties (such as mortgage companies, broker-dealers, other counterparties, and clients), trade booking and ad-hoc analysis, including investment underwriting. The individual will report directly to the responsible Portfolio Manager.

Primary Responsibilities

• Support the investment team in sourcing, screening, and underwriting of investment opportunities in the RTL/SFR whole loan and CUSIP space
• Provide the relevant Portfolio Managers with analytical and risk management support on all investment-related activities, including trading, loan-level and portfolio-level credit analysis, valuation, due diligence, portfolio monitoring, and business development initiatives
• Engage with Apollo’s quantitative analytics team regularly to ensure the timely delivery of any pending analytical and data requests
• Lead the preparation of internal investment committee presentations, screening memos, and ad hoc discussion materials, including but not limited to portfolio monitoring, marketing requests, etc
• Interface and develop relationships with internal and external stakeholders and market participants
• The candidate will also be expected to develop an in-depth knowledge of the US business-purpose residential mortgage sector, monitor industry conditions and trends, and pursue initiatives to enhance our analytics, outreach, and research impact
• Over time, an individual who demonstrates acumen and growth potential will take on additional, higher-level responsibilities and have the ability to operate with greater autonomy

Qualifications & Experience

• 3-8 years of relevant experience; prior experience in an investment banking, trading desk, or buy-side asset management role focused on residential mortgage investments is highly desirable
• Direct experience with business-purpose residential loans, RTL, SFR, or residential mortgage credit is strongly preferred
• Bachelor’s degree from a top-tier university with a record of academic achievement (ideally in a field requiring quantitative or technical aptitude such as economics, finance, math, etc.)
• MBA, MFE, and/or progress towards a CFA designation is desirable but not required
• Demonstrated analytical, quantitative, problem-solving, and financial modelling skills, including a strong background in structuring and cashflow modelling
• Excellent verbal and written communication and presentation skills
• Ability to form independent credit views and clearly articulate risks, mitigants, and downside scenarios
• Working knowledge of relevant legal matters involving the structuring and operation of structured finance transactions and residential mortgage purchases
• Mastery of Microsoft Office (Excel, PowerPoint, Word) and Bloomberg are required; proficiency in Intex, Basic VBA and SQL is highly desirable but not required
• The ideal candidate will be professional, proactive, well-organized, flexible, dependable, and able to prioritize tasks in a fast-paced environment with close attention to detail

About Apollo

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.

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.

Pay Range

Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is committed to championing opportunity.

The firm and its affiliates comply with applicable discrimination and equal opportunities legislation in all of its jurisdictions and do not discriminate in employment or recruitment based on race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or any other protected characteristic under applicable law.

The contents of the qualifications and experience section of this job description are a guideline only. If an applicant can otherwise demonstrate their suitability for the role they will be considered.

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.