Director/Principal, Fund Accounting - Core Credit

Apollo Management Holdings•New York City, NY

15d

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. The successful candidate will join a team of professionals supporting a growing platform, which spans across Apollo’s performing credit, structured credit, liquid & illiquid opportunistic credit strategies. The role will include high levels of interaction with investors, internal investment professionals, and senior leaders. This specific role will present an opportunity for the candidate to collaboratively work on complex fund structures and investments with colleagues across the firm, including the investment team, legal, marketing and others. In this role, you will support the Credit Finance Senior Controller and Group CFO in developing and executing the organizational framework, operational processes, and enabling technologies essential for the ongoing financial operations of Apollo’s Fixed Income Replacement products. Your responsibilities will span oversight of the books and records for funds, subsidiaries, and affiliated entities; management of quarter-end accounting close and Net Asset Value (NAV) reviews; and review of financial statements. You will also lead external audits, deliver ad hoc financial reporting for senior management, internal stakeholders, and investors, and drive performance reporting to support strategic decision-making.

Requirements

Public/Private accounting experience preferred (Big 4 preferred) and CPA is required
10+ years of experience in investment management business with strong experience in Private Credit, Lending Platforms or Partnership/fund accounting, and financial reporting
Previous Public/Private Fund/ CLOs/Credit Hedge Fund/Financial Services experience
Previous experience evaluating process controls, procedures, and flows
Demonstrable record of leadership skills and collaboration with team leaders across functions
Growth mindset focused on creating a thoughtful workplace geared towards efficient analysis and decision-making
Individual must have strong drive and initiative
Individual must be collaborative to effectively liaise with investment partners and colleagues as well as able to work independently
Must have a track record of building teams, coaching and training and developing bench strength
Ability to review analytically as well as dive into the details
Superior verbal and written skills including the ability to report upward in a summarized manner
Strong U.S. GAAP technical accounting expertise.
An energetic, forward thinking, creative individual with high ethical standards
Excellent organizational skills and interpersonal skills, including the ability to resolve internal differences and observe confidentiality
Role requires individual to be nimble and flexible to balance multiple tasks simultaneously. The ability to take on a task and “run with it” to conclusion is a critical characteristic of this role.

Nice To Haves

Exposure to complex fund structures with multiple jurisdictions and their filing requirements, a huge plus

Responsibilities

Lead the finance team responsible for investor reporting, compliance with the fund agreements, management and financial reporting, and performance measurement
Review financial statements, partner allocations, capital account statements and performance reporting as prepared by junior members of the team.
Preparation of SEC (10Q/10K) filings and Board reporting
Lead the process of issuing capital calls including performing reasonableness and analytical reviews
Review the preparation of fee calculations and distributions to investors
Review work of junior members of the team including journal entries, cash movements and monthly/quarterly closing work papers
Review valuation memos and report to the Senior Controller any issues and assist in remediation
Work with Corporate Controllers to report and record all monthly and quarterly corporate reporting
Track several fee sharing and expense allocation arrangement between the Firm, the Fund and the underlying platform
Oversee the reporting providing by the Finance team of the underlying platforms to ensure adherence to Apollo standards including delivery of data for Firm Fund Hand Off (FFHO) process
Partner on cross functional basis with Legal, Tax, Compliance and Corporate Controllers on ad-hoc projects as well as various tasks related to the Funds
Assist in monitoring SOX compliance by performing internal controls and coordinating with internal audit
Review and approve AP and AR batches attributable to the Funds and Platforms
Work with internal and external tax counsel on investor and entity level tax reporting
Work alongside the investment teams, Legal and Tax on Fund restructuring and Financing arrangements
Liaise with Marketing and Investor Servicing teams on quarterly reporting and ad-hoc investor requests
General support for Fund CFO and Senior Controller