Athene

Principal - Underwriting/Research Lead

Mumbai (NESCO), India Full time

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 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 March 31, 2025, Apollo had approximately $785 billion of assets under management. . To learn more, please visit www.apollo.com.

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.

POSITION OVERVIEW:

Apollo is looking for candidates to join its Credit Underwriting team in the Credit Research team which is split across multiple sectors. As part of the team, the candidate will work alongside respective sector leads and Portfolio Managers to maximize the return potential of investments while also collaborating with the larger Credit Research team. The role is a blend of Team Lead and Individual Contributor the candidate will be responsible for leading a team of analysts on the credit analysis as well as maintaining / initiating coverage on a portfolio of issuers. The candidate, together with the larger Analyst team, will be responsible for evaluating the credit quality of issuers and support lead analyst on primary and secondary deals while monitoring existing exposures. The candidate should have a good understanding of one or many fixed income asset classes, such as Investment Grade, High Yield Bonds or Leveraged Loans. The candidate should have prior experience in delivering end-to-end Credit Research solutions, having worked on developing extensive financial models with scenario analysis and preparing Investment Memos. The candidate must possess strong written and verbal communication skills, effectively manage client/stakeholder requirements and ensure their timely execution, while consistently delivering high-quality and impactful research. The candidate should demonstrate exceptional attention to detail and be capable of conducting thorough quality checks (QC)

PRIMARY RESPONSIBILITIES:

Managing Credit Research engagements where the Analyst Team is involved in initiating / monitoring single name corporate credit situations in US/EU/APAC markets as part of the engagement, the team performs investment research, including:

  • Building detailed financial models with KPI driven Revenue projections, Cost drivers, Working capital analysis, Capex schedule, Capital Structure analysis, Covenant analysis, Default & Recovery workouts and IRR sensitivities and valuations.

  • Creating a finalized product: Preparing Investment Memos including identification of investment catalysts and provide recommendations IG instruments. This is a fundamental analysis role.

  • Presenting the primary/secondary deals to the investment committee and clearly articulating your opinion. Take full ownership of the investment view and continuously monitor key developments affecting the issuers credit quality.

  • Maintain portfolio coverage including regular model updates and earning summary write-ups.

  • Checking the work of and training younger analysts, as required.

  • Driving Systemic Quality mindset across teams, implement and maintain best research delivery practices.

Qualifications & Experience

  • MBA or equivalent in Finance /CFA/CA
  • Experience: 7-12 Years
  • Industry experience: PE / Investment Banking / Credit Research with high modelling skills
  • Experience supporting equity research and/or FIG(M&A) at banks or PE firms. Ideally modelling writing reports.
  • Excellent corporate credit analysis skills from a fundamental perspective.
  • Proficiency in building detailed financial models and preparing investment memos besides having excellent analytical skills
  • Generalist with sector exposure in any of TMT, IT, Healthcare, Autos, Manufacturing, Oil & Gas, Chemical sectors, Utilities or corporate finance background in a sell side firm. Thorough understanding of accounting.
  • Proficiency in using Databases & Portfolio Asset Management Systems - Bloomberg, CapIQ.
  • Ability to work under pressure and deliver high-quality research.
  • Prior record of having worked on competitive Pilots will be an added advantage

Apollo provides equal employment opportunities regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, color, 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 definitive contractual documentation satisfactory to Apollo.