Product Control Associate - Apollo Asset Backed Finance Strategies

Primary Responsibilities

• Daily P&L & NAV: Produce and publish daily P&L, explain to PMs and traders - interest accrual, OID, PIK, unrealized mark changes, realized G/L, FX, Carry and fee drag. Draft concise, senior-stakeholder-ready P&L commentary independently - articulate drivers clearly across market, credit, and structural factors.
• Daily NAV Review: Daily NAV review with administrators: reconcile administrator-produced daily NAV estimates to front-office system records and internal P&L - identify and resolve price, accrual, and position-level breaks on a same-day basis before NAV publication - compared to prior day and escalate material moves to fund controllers.
• Challenge Marks: Challenge stale or model-driven marks with Pricing teams and Admins. Investigate and resolve daily P&L breaks vs. front-office estimates; escalate exceptions to senior stakeholders.
• Fund Operations & Controls: Support month-end capital account reconciliations and escalate breaks to fund controllers for sign-off. Review management fee accruals against administrator calculations; flag discrepancies to fund controllers for incentive allocation and hurdle rate queries. Serve as the PC point of contact for Ops, Risk, Finance, and Front Office on P&L events and new deal onboarding; own onshore accountability for outputs produced with offshore team support. Maintain control documentation for price overrides and P&L adjustments, flag valuation exceptions to fund controllers.
• Restructuring Events: Leading same-day P&L review and post-mortem for credit restructuring events - identify operational issues, produce event summary for senior stakeholders, and maintain a playbook for recurring event types.
• Template Building & AI Automation: Template build & fund expansion: Design the P&L Explain template from the ground up - attribution structure, input/output architecture, commentary framework - and lead rollout to new funds, coordinating with Front Office, Operations, and IT on data sourcing and sign-off workflows. Automation & AI: proactively automate PC processes using AI tools, Excel, and data automation tools (e.g. Python, Power Query) - covering data ingestion, reconciliation, commentary generation, and reporting - reducing manual effort and scaling coverage across funds.

Qualifications & Experience

• 3-5 years in product control, fund control, or financial reporting at an asset manager, bank, or fund administrator.
• Experience with credit instruments across private credit, structured credit, or broadly syndicated markets - e.g. loans, bonds, ABS, CLOs, or similar.
• Proven ability to draft clear, concise P&L commentary for PM and senior stakeholder audiences.
• Comfortable managing multiple funds and workstreams simultaneously under daily publishing deadlines.
• Experience working with or managing offshore teams - ability to review, challenge, and take onshore ownership of offshore-produced outputs.
• Exposure to daily NAV or willingness to build toward it in a fund transitioning from periodic to daily cadence.
• Strong Excel; familiarity with data automation tools a meaningful plus.
• CPA, CFA, or CAIA in progress or completed preferred.