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 $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.
PIMCO is one of the world'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.
The Alternative Funds at PIMCO total approximately $35 billion across multiple strategies and multiple vehicle types (evergreen and closed-ended). The Alternatives Funds Finance Team is responsible for the overall financial accounting, control and reporting; investor reporting; tax structuring and compliance; operations; and investment partner and third party service provider oversight. The Team works cross-functionally with the Product Strategies, Account Management and Portfolio Management departments and reports to the Executive Office. The Alternative Funds Finance Team is seeking to add a dynamic professional with strong investment company and alternative asset accounting experience to the Financial Control Team. This team member will be responsible for the financial control of a sub-set of private credit funds and will work with the existing team to design and execute an oversight model to ensure accurate and timely financial reporting. This team member will lead the financial accounting and reporting to all internal and external constituents of this fund group. A significant component of this role will be oversight of illiquid investment activity over a diverse asset class range, including commercial and residential real estate equity and debt, bank loans, asset-backed loans and other specialty finance structured products, subordinated debt, and preferred and common equity in privately-held companies, as well as fixed income and derivative products and other unique securities. The role requires a highly proficient accountant with alternatives experience and product exposure to manage the complexities of diversified hybrid funds. The PIMCO Alternatives business continues to evolve and this is a unique opportunity to join a growing team at one of the largest asset managers in the world. Responsibilities :
Manage the monthly NAV close process performed by the Fund Administrator with a focus on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
Control the investment closing process for illiquid assets focusing on the functions of finance, treasury, accounting and reporting. Collaborate and communicate effectively across multiple stakeholders, including portfolio management, tax and legal professionals; in addition to the operations team and third-party Fund Administrator .
Prepare analysis on fund investment pipeline and liquidity.
Responsible for fund treasury and projecting future fund cash flows for the liquidity management process (including, capital calls, distributions and coordination with the financing team).
Work with the tax and legal teams to assist in the design and set-up of investment structures for illiquid investments.
Communicate effectively with the Fund Administrator and other stakeholders to identify and solve issues.
Contribute to the management and oversight the Fund Administrator through SLAs/KPIs and site visits.
Control the fund expense process.
Oversee the external audit, regulatory reporting and other financial reporting requirements.
Oversee the completion of various regulatory, debt covenant compliance, and other reporting requirements.
Own the financial information for key client deliverables (investor reports, capital statements and annual audited financial statements).
Utilize internal and external resources to respond to client, prospective client, and client consultant requests for information in a timely and accurate manner
Lead the coordination and project management of various Alternative Funds Finance team projects and initiatives.
Target range of 8-12 years of experience in financial accounting, audit or finance function for an alternative investment manager with exposure to credit, real estate, private equity funds or hedge funds
Ability to implement accounting and reporting for investment structures for different asset classes
Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
Exposure to private equity and hedge fund structures
Experience with external audit processes and procedures
Knowledge of accounting principles including US GAAP and Investment Company Accounting
Bachelor's degree with a major in Accounting or Finance
Active or Desired CPA license
Required Candidate Personal Characteristics:
Ability to work in a fast paced, deadline driven environment
Good quantitative/analytical and problem solving skills
Highly organized, proficient at time management / project management
Keen desire to learn and quickly absorbs new knowledge
Excellent written /verbal communication skills
Balance a sharp focus on details with an awareness of the bigger picture
Foster a sense of teamwork, assisting others when needed /require
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