Associate, Asset-Backed Finance – Business-Purpose Residential; SFR​/RTL

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 counter parties, and clients), trade booking and ad-hoc analysis, including investment underwriting.

The individual will report directly to the responsible Portfolio Manager.

• 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

• 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…