Front Office Modeling Associate

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 credit to private 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. As of September 30th, 2025, Apollo had approximately $840 billion of assets under management.

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• Run and analyze asset portfolios for insurance clients through various models and evaluate model outputs, as well as run of interest rate and credit stress scenarios and analyze impact to various asset types and the overall portfolio.
• Draft daily/weekly commentary summarizing portfolio economic movements and how daily/weekly changes in rates and other market conditions are impacting the portfolio.
• Engage with insurance clients whose portfolios we manage in addressing their questions/requests, communicating and presenting material updates in the modeling of their portfolios, and other client service needs.
• Quarterly re‑projection of cashflows on the structured credit portfolio to capture the effect of changes in the rate environment on accounting treatment of the portfolio.
• Work closely with Investment Accounting teams to evaluate if OTTI/allowance needs to be taken on any assets, and calculate those amounts for any holdings under STAT and CECL Accounting frameworks.
• Collaborate with multiple teams to forecast investment earned rates and spread‑related earnings, and prepare analysis and presentations for senior management that provides commentary on market and portfolio changes in support of updated forecasts.
• Work closely with our Quantitative Development team on our proprietary asset models, including enhancing models to accommodate new asset classes that we may start to manage and/or new calculations and outputs to satisfy updated regulatory requirements.
• Validate updates to asset models and update model documentation to capture updates to calculation logic in the models.
• Troubleshoot and debug issues that may arise out of models to trace back sources of errors, using various data science techniques.
• Operate in a SOX/SOC‑1 controlled framework, including engagement with auditors on a periodic basis to demonstrate that necessary controls are complied with in the modeling of regulatory scenarios and other model outputs that can impact financial statements.

• Bachelor’s or Graduate degree in Business or Math/Sciences.
• Solid background in fixed income assets, especially structured securities (i.e., ABS, CLO, CMBS and RMBS) and experience modeling securities using Intex.
• Familiarity in the modeling of residential and commercial mortgages is a plus.
• Solid Excel and SQL skills are a must.
• Knowledge of Python, Power BI and/or solid data science aptitude are a plus.
• Two to four years of relevant work experience.
• Experience with modeling portfolios in Aladdin Explore/Anser, or other vendor‑based modeling platforms that focus on modeling fixed income and structured security portfolios.
• Ability to understand dataflows between various systems that house data.
• Experience in delivering information under a SOX/SOC‑1 controlled environment.
• General understanding of accounting principles is a plus.
• Attention to detail, strong work ethic, a team player and ability to think outside the box with creative solutions.
• MBA or CFA Charter (or progress toward CFA Charter) is a plus.

• The leading provider of retirement income solutions to institutions, companies, and…