Associate Director, Valuations - Credit

Apollo Management Holdings • New York City, NY

1d • $140,000 - $205,000

About The Position

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. Our Chief Accounting Office team sits within the firm’s broader Finance function and is focused on corporate accounting, reporting and analytics. The team spans globally and consists of verticals in Financial Reporting, Tax Finance, Valuations, Accounting Policy, Transactions and Shared Services. The Valuations Associate Director is part of the global team responsible for Credit portfolio valuation, as well as valuation-related exercises for Apollo’s public company reporting. This is a newly created position with an opportunity to be entrepreneurial in developing and shaping new processes to drive business growth . The position is expected to interface directly and closely with various functions at Apollo, including investment teams, finance, operations, and compliance/legal, and will have a risk management, analytical, and operational focus.

Requirements

• 6-8 years of related work experience
• Knowledge of capital markets, including investment management or trading functions, with a daily risk management and governance focus
• Demonstrated history of and interest in operational excellence, including ability to execute processes (e.g., reporting, exceptions identification) comprehensively and seamlessly
• Comfort embracing complexity and being versatile day-to-day.
• Technical, analytical, and problem-solving skills.
• Strong verbal and written communication skills, including confidence to independently challenge assumptions
• Understanding of Alternative Investment strategies and products
• Bachelor’s or Master’s degree – preferably in Finance, Accounting, Economics, or a quantitative field
• Strong functional background working with Excel.

Nice To Haves

• Illiquid valuations hands on experience and/or familiarity a plus (e.g., bank loans, mezzanine loans, and private equity)
• Familiarity with Capital IQ and Bloomberg a plus.

Responsibilities

• Facilitate construction and provide support for a robust daily valuation process focused on private assets in the Credit segment. The segment spans product types and strategies, and encompasses the majority of the $840B AUM at Apollo.
• Develop and substantiate daily valuation methodologies for private assets , in conjunction with firmwide stakeholders.
• Review and assess trading and market activity, including assessment versus existing valuations and methodologies.
• Actively interface with portfolio managers, traders, and deal teams to discuss market conditions, provide feedback, and guide on valuation best practices.
• Valuation risk management and analytics of private credit portfolio
• General valuation process governance, oversight, execution, and socialization with internal and external stakeholders, including investors.
• Collaborate with investment teams to understand new investments and deal origination assumptions.
• Ad hoc special projects and new initiatives

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees