Redding Ridge Asset Management is seeking a highly motivated and experienced ABS Structurer/Modeler to join our ABS Structuring and Advisory team. Given our long-term view, the ABS Structuring & Advisory team has been able to use securitization technology to expand the definition of Asset Backed Private Credit.
Responsibilities:
The Principal will focus on leading all aspects of ABS deal structuring and execution, as well as R&D across lower flow and novel securitizations globally. The ideal candidate will have a strong background in asset-backed finance with specific execution expertise in consumer, commercial and esoteric ABS transactions.
- Lead all aspects of structuring and execution of a securitization transaction by collaborating with internal (Apollo, Athene, Apollo platform companies) and external stakeholders (investors, issuers, rating agencies and legal counsel).
- Build and run cashflow models using Excel and Intex for various ABS asset classes, including replicating rating agency stress scenarios to achieve target ratings
- Analyze historical portfolio and performance data to derive base case and rating agency stressed case assumptions
- Review and negotiate transaction legal documents with relevant stakeholders
- Communicate effectively with rating agency analysts to obtain accurate and timely ratings
- Represent Redding’s views to internal and external stakeholders
- Advise internal clients on ratings feasibility and optimal capital structures based on relevant asset classes and application of rating agency criteria.
- Work with multiple functional groups at Apollo and Apollo platform companies to develop new products/business lines and novel approaches to existing business lines
Qualifications:
- Bachelor's degree in finance, mathematics or a related field
- [1]+ years of experience as ABS Deal Captain
- [5]+ years of experience in ABS structuring and modeling
- Proficiency in Intex (dealmaker and calc) and Excel
- Proactive, ability to think outside the box, and strong problem-solving skills
- Strong understanding of rating agency ABS methodologies and modeling stresses, with desire to learn more asset classes
- Strong written and verbal communication skills
- Proven ability to multi-task and prioritize in a fast-paced environment to meet tight deadlines
Redding Ridge
Founded in 2016, by Apollo, Redding manages 26.1B of CLO AUM globally and provides the Structuring & Advisory team with a close understanding of managing ABS and corporate debt. Supporting Apollo’s 16 ABS platforms, Athene, Athora, multiple issuer partnerships, Redding provides a long-term view with an emphasis on rating stability and credit protection. Since 2016, Redding’s Structuring & Advisory team has structured and rated over $150 billion of transactions globally.
To learn more about Apollo’s Platforms: https://ir.apollo.com/news-events/platform-origination-deep-dive-2023
To learn about why Private Credit is more than just corporate credit: https://www.apollo.com/strategies/asset-management/credit/investment-grade-private-credit
Redding Ridge Asset Management LLC (together with its subsidiaries and affiliates) 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
$300,000
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.
