Associate, Fund Accounting - Global Corporate Credit

Apollo Global Management, Inc.; New York (NY); On-site; USD 110,000 - 130,000; Full time

Job summary

Apollo Global Management, Inc. seeks an Associate for Fund Accounting within a high-energy team specializing in structured credit. The role includes managing complex accounting responsibilities, providing opportunities for professional growth, and engaging with innovative financial solutions for clients. Ideal candidates will have CPA and several years of relevant accounting experience, demonstrating strong analytical skills and attention to detail.

Qualifications

• 3-5 years of public/private accounting experience preferred.
• Strong U.S. GAAP technical accounting expertise.
• Experience with credit instruments is desirable.

Responsibilities

• Manage month end financial close for US and European CLOs.
• Develop analytical reports for NAV movements and fund performance.
• Coordinate year end audits and manage audit information.

Skills

Analytical skills

Quantitative skills

Attention to detail

Collaboration

Education

CPA preferred

Bachelor's degree in Accounting or related field

Tools

Advanced knowledge of Excel

PowerPoint

Job description

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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.

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 Associate will work within a high energy team supporting key funds within Credit inclusive of $26bn Collateralized Loan Obligations (CLOs) seeded by a closed ended fund investing in the Capitalized Manager Vehicle (CMV). This individual will be tasked with the quality execution of the day-to-day core accounting responsibilities, engaging with structuring and portfolio management teams on structured credit transactions and securitizations, facilitating quarterly revenue and AUM to our corporate team for public reporting and actively driving the year end audit cycle. This a tremendous opportunity to understand the complexity and diversity in both fund and investments within structured credit. Candidates for this position will have the ability to drive change, build and improve controls and processes through participation in technology projects, and provide a fresh perspective and a vision for improvement.

Primary Responsibilities

• Responsible for month end financial close process for US and European CLOs and the CMV, including review of month end accounting records from internal portfolio management system, portfolio valuation and cash/positions reconciliations prepared by the Operations team.
• Develop analytical reports for NAV movements, profit/loss, fund and investment performance on a monthly and quarterly basis.
• Review of CLO flow of funds, quarterly waterfall calculations, management fees, and incentive fees.
• High level interaction with structuring and portfolio management teams on structured credit transactions, securitizations, DCF cash flow models, and projections.
• Coordinate the year end audits, including audited consolidated financial statements and provide information for annual tax reporting.
• Report quarterly and annually accounting information to corporate accounting to for 10Q/10K reporting.
• Preparation and coordination of capital and distribution notices, quarterly investor statements, investor inquiries, liquidity reporting, and ad-hoc requests.
• Analyze expense allocations and budgets between multiple fund entities
• Identify areas for process improvement, developing solutions, and overseeing the prioritization and implementation of those solutions.
  
  

Qualifications & Experience

• CPA preferred
• 3-5 years of Public/Private accounting experience preferred
• Strong U.S. GAAP technical accounting expertise (portfolio, partnership and corporate accounting)
• Previous experience working with credit instruments including, but not limited to, bank loans, bonds, and structured products (CLO, CDO, etc.).
• Previous experience evaluating process controls, procedures, and flows.
• A critical thinker with strong quantitative and analytical skills who expresses their thoughts and ideas clearly both in oral and written communications.
• A collaborative thinker who can also work independently, multitask, and prioritize competing demands to meet deadlines in a fast-paced environment.
• A proactive and organized self-starter with a positive attitude, powerful work ethic, strong attention to detail and advanced knowledge of Excel and PowerPoint.
• A change cultivator, with strong a technology background and a focus on automation.
  
  

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 Global Management Inc. 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

$110,000 - $130,000

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

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