Analyst - Corporate Credit

Position Overview

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 AND 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 provides equal employment opportunities regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, veteran status, gender/sex or sexual orientation, or any other criterion or circumstance protected by applicable law, ordinance, or regulation. The above criteria are intended to be used as a guide only – candidates who do not meet all the above criteria may still be considered if they are deemed to have relevant experience/ equivalent levels of skill or knowledge to fulfil the requirements of the role. Any job offer will be conditional upon and subject to satisfactory reference and background screening checks, all necessary corporate and regulatory approvals or certifications as required from time to time, and entering into definitive contractual documentation satisfactory to Apollo.

POSITION OVERVIEW:

The ideal candidate will work collaboratively with and in support of seasoned Apollo investment professionals who are part of an internationally diverse 21-member team that originates, structures, executes and invests in the debt financings of corporates, financials and sovereigns. This position requires:

2+ years’ experience analyzing corporate financial statements, as well as bond and equity offering documents. Strong excel skills in order to build spreadsheets detailing historical financial performance and future projections with scenario analysis. Strong power point skills in order to support production of presentations.

The basis for all of the APAC Credit team’s investment decisions is credit fundamentals and relative value analysis.  Hence, the position requires some previous experience with fundamental credit analysis (bottom up driven) .

PRIMARY:

The successful candidate will work:

• Work closely with APAC Credit Team investment professionals, (the "IPs"), supporting them in all stages of originating, structuring and executing transactions, including preparation and maintenance of financial models (both historical and forecast models)

• Assist the IPs in the preparation of pitch decks and monthly transaction updates

• Have some familiarity with the impact of both macroeconomic and political factors on emerging markets credit investments.  Report these events to the IPs [as they occur, or in catch-up calls with the IPs].

• Prepare earnings update emails for all names covered by the IPs held in the APAC credit  portfolios, as and when earnings updates are available.

• Assist the IPs in the preparation of credit approval memoranda, both for new credits and for periodic credit reviews. Process information across various company disclosures including earnings presentations, earnings calls, industry and company research reports etc. to produce such credit memos.

• Assist the IPs in the preparation of power point presentations for new deal screening meetings and for investment committee approval meetings.

• Relative value analysis – assist in maintaining relative value files comprising Enterprise Value comparables, credit comparables & precedent M&A transactions

• Credit diligence – attend DD calls with management/ advisors, taking notes on earnings calls or on new deal calls

Assist in preparation of high level summary terms for transactions

• Other presentation support, on an ad hoc basis.

Qualifications & Experience

• 2+ years’ experience in corporate credit research

• Knowledge of:

  • Bottom-up fundamental credit analysis, as well as macroeconomics and its impact on corporate credit

• Effective written and oral English communications skills

• Ability to read and understand financial statements with high attention to detail.

• Financial Modelling skills required. (Excel, as below)

• Computer Skills: Excel, power point required, experience using Bloomberg, CAP IQ, Factset desirable

• Master’s Degree and/or CA/ CFA desirable but not mandatory depending on work experience.

• Some understanding of financial covenants and basic knowledge of bond or loan agreements will be a positive

Apollo provides equal employment opportunities regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, veteran status, gender/sex or sexual orientation, or any other criterion or circumstance protected by applicable law, ordinance, or regulation. The above criteria are intended to be used as a guide only – candidates who do not meet all the above criteria may still be considered if they are deemed to have relevant experience/ equivalent levels of skill or knowledge to fulfil the requirements of the role. Any job offer will be conditional upon and subject to satisfactory reference and background screening checks, all necessary corporate and regulatory approvals or certifications as required from time to time, and entering into definitive contractual documentation satisfactory to Apollo.