Redding Ridge Asset Management is seeking a highly motivated and skilled 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 Associate will focus on supporting the senior structurers across lower flow and novel securitizations globally. The ideal candidate will have a strong background in asset-backed finance with specific expertise in rated transportation ABS (Planes, Containers, Rail…). Specific responsibilities will include:
- Work closely with senior structures and other stake holders, including Apollo, Athene and Apollo platform companies, to assist in all stages of deal structuring and execution.
- Build and run cashflow models using Excel and Intex for various ABS asset classes, including replicating rating agency stress scenarios.
- Analyze historical portfolio and performance data to derive base case and rating agency stressed case assumptions.
- Create portfolio stratification tables in Excel by manipulating large data tapes.
- Communicate with legal counsel and rating agencies to ensure timely ratings.
- Draft and maintain deal trackers, issues list.
- Assist with investor and rating agency presentations.
- Maintain rating agency criteria grid and transaction comp sheets across ABS asset classes.
Qualifications
- Bachelor's degree in finance, mathematics or a related field
- (2)+ years of experience in ABS structuring and modeling
- Proficiency in Intex (dealmaker and calc) and Excel, VBA a plus
- Proactive, ability to think outside the box, and strong problem-solving skills
- Knowledge of rating agency ABS methodologies and rating agency 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: Platform Origination Deep Dive 2023 :: Apollo Global Management, Inc. (APO)
To learn about why Private Credit is more than just corporate credit: Private Investment-Grade Credit | Apollo Global Management
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
175,000-300,000
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.