About the Role
Redding Ridge is seeking an Analyst/Associate to join its corporate credit ratings team. This role focuses on the credit estimate and private letter rating workflow within Apollo’s direct lending business, with primary emphasis on ADL and corporate infrastructure lending CLO pools.
Responsibilities
- Prepare borrower financial packages for submission to S&P Global Ratings and Fitch Ratings, including financial statements, credit agreements, and supporting documentation formatted to meet rating agency submission requirements.
- Build and maintain financial data tapes for rating agency submissions, ensuring accuracy and completeness of borrower-level financial metrics at each refresh cycle.
- Track credit estimate status and refresh cycles across the CLO portfolio, maintaining a current submission pipeline and flagging estimates approaching expiration or pending update.
- Coordinate with structuring and portfolio management teams to align credit estimate timing with CLO transaction requirements and compliance testing calendars.
- Serve as the primary operational contact with S&P and Fitch analysts on active credit estimate submissions, managing information requests and response timelines.
- Maintain the integrity of credit estimate inputs used in CLO compliance calculations, including weighted average rating factor, diversity score, and overcollateralization and interest coverage ratios.
Requirements
- Familiarity with S&P or Fitch corporate rating methodologies, including the credit estimate framework and the criteria used to assess unrated obligors.
- Experience reading and interpreting credit agreements, loan documentation, and borrower financial statements.
- Strong Excel skills and comfort with data management, including financial data tape construction and tracking spreadsheet maintenance.
- Working knowledge of CLO indenture compliance concepts, including weighted average rating factor, diversity score, and overcollateralization and interest coverage ratios.
- Excellent written and verbal communication skills, including the ability to manage correspondence with external rating agency contacts.
- Highly organized with strong attention to detail; capable of managing multiple active credit estimate submissions and tracking cycles concurrently.
- Demonstrates intellectual curiosity, takes initiative, and responds constructively to feedback.
Skills
- Structured credit
- Rating agency
- Direct lending
- Middle market credit platform
- Excel
- Data management
- Financial data tape construction
- Tracking spreadsheet maintenance
- CLO indenture compliance concepts
- Weighted average rating factor
- Diversity score
- Overcollateralization
- Interest coverage ratios
- Written communication
- Verbal communication
- Attention to detail
- Intellectual curiosity
- Initiative
Location
- New York, NY
Work Type
- Full-time
Experience Level
- 2 to 4 years of relevant experience
- Analyst/Associate
Education Level
- Bachelor's degree in finance, accounting, economics, or a related field.
Salary/Compensations
- $150,000 - $175,000
Benefits
- Discretionary annual bonus based on personal, team, and Firm performance.
About the Company
- Redding Ridge Asset Management LLC (“Redding Ridge”) was established and seeded by Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”) in 2016.
- Redding Ridge has assets under management of approximately $44.2 billion as of October 31, 2025.
- Redding Ridge’s primary business consists of acting as collateral manager for CLO transactions and related warehouse facilities in both the U.S. and Europe.
- Redding Ridge also provides structuring and ratings advisory services to issuers across various asset classes.
- Redding Ridge's Corporate Credit Ratings team supports rating advisory and rating management assignments across the Apollo platforms, including Apollo's corporate originations and private equity businesses.
- The team's mandate spans CLO portfolio management, credit estimate administration, and rating advisory across financial services, specialty finance, and corporate sectors.
Equal Opportunity
- Redding Ridge Asset Management and its affiliates comply with applicable discrimination and equal opportunities legislation in all of its jurisdictions and do not discriminate in employment or recruitment based on race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or any other protected characteristic under applicable law.
