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We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.
PIMCO is one of the worldâ€™s premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.
We are seeking a Manager - Alternative Operations, to join our global team of professionals located in Newport Beach, CA, London, and New York, NY. Our team supports PIMCOâ€™s Alternatives/Structured Products business, which includes complex hedge funds and private equity vehicles. As an Alternative Operations Manager, you will engage key partners, including Portfolio Management, Legal, Compliance, Finance, and external service providers to ensure timely settlements and maintenance of commercial real estate debt/equity, leverage lines, and private equity asset classes. Examples of processes include: deal facilitation, settlement, income accounting and collection, cash wire controls, physical security registration, complex debt restructuring, and other operational functions. The position will be located in New York, NY. Responsibilities
Support PIMCOâ€™s commercial real estate debt portfolio managers with settlement oversight and life cycle management on private/originated loan transactions
Provide necessary oversight and serve as an escalation point to outsourced provider performing back office related functions (settlements, asset setup, waterfall calculations, P&I processing, etc.)
Educate service providers and internal partners on deal mechanics and structuring
Assist with complex loan amendments and restructurings
Manage cross-functional projects to improve specific processes
Work with the Alternatives Finance team on fund development and deal facilitation
Develop accurate controls and oversight for the private loan investments across PIMCO
Assist with the operational aspects of bespoke loan financings through the lifecycle of the deal including but not limited to facility structuring, optimizing operational workflow, and evaluating/contracting service providers
Operational support across private and direct originated debt, including: term loan, revolver, and delayed draw loans
Experience with Commercial Real Estate debt and equity transactions as well as CRE repo and loan financing facilities
Knowledge of loan settlement process, including complex deal structures and control/pledge agreements
Understanding of loan set up, interest calculations, amendments, restructuring and loan agency
Management of fund level and asset based financings such as loan TRS, bespoke facility agreements, pledge accounts, repo warehouses, loan on loan funding
Ability to work in fast paced environment
Experience with private equity fund frameworks from booking and settlement through accounting and maintenance of deals post settlement
Custody and accounting service provider relationship management for supported products
Understanding of private equity legal entity structures desirable
Understanding of accounting impacts when recording lifecycle events such as P&I, expenses, and capital contributions/distributions
Minimum of a Bachelor's Degree
Minimum 6-10 years of Operations experience supporting debt-related products
Proven understanding of loan based products, ideally term loans, revolvers, delayed draw, and private originated debt
Ability to pull out key terms from credit facility documentation and explain deal structuring, including the ability to contribute to operational aspects of facility documentation
Solid understanding of fund accounting across complex asset classes
Proven experience with loan restructuring and physical registration
Excellent written and verbal communication skills, suitable for client meetings
Consistent track record managing complex securities and processing tasks, particularly with financing instruments and strategies
Good working knowledge of Excel, and Bloomberg essential
Understanding of SQL and database query tools a plus
PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
Medical, dental, and vision coverage
Life insurance and travel coverage
401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
Community involvement opportunities with The PIMCO Foundation in each PIMCO office