Manager, Alternatives Operations
Key Skills for This Role
Full Job Posting
Responsibilities
- Support PIMCO’s private debt portfolio managers with settlement oversight and life cycle management on all private/originated loan trades
- Provide coverage for the commercial real estate equity portfolio managers regarding deal settlement, capital calls, wire instruction updates, etc.
- Provide necessary oversight and serve as an escalation point to outsourced providers performing back-office related functions (settlements, asset setup, waterfall calculations, P&I processing, document custody storage, etc.)
- Educate service providers and internal stakeholders 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 cash management requirements for fund development and deal facilitation issues
- Enhance controls and oversight for all non-standard alternative transactions across PIMCO
- Assist with the operational aspects of bespoke loan financings
- Liaise with various vendors or banking institutions for added service upgrades and new product solutions
Requirements
- Minimum of a Bachelor’s Degree
- Minimum 5 years of operational support experience across private and direct originated debt, including term loan, revolver, and delayed draw loans
- Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, communications with service providers to ensure deal facilitation, etc.
- You challenge the status quo by asking “why” and identifying new and better ways of doing things
- Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
- Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
- Proven track record to deliver on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
- You seamlessly adapt to shifting priorities and enjoy working with ambiguity
- A standout teammate who builds positive relationships and collaborates across multiple levels of a globally diverse organization, including outside vendors
- Track record of building credibility and trust through consistent behavior, high integrity, and judgment
- Intellectual curiosity, a dedication to professional development, an ability to learn, and an interest in staying on top of emerging trends
- Self-motivated and thrive in a fast-paced environment
- High emotional intelligence, are flexible, and resilient
- Proven record navigating unstructured processes and simultaneously handling responsibilities with multiple, exciting demands
- Encourage a positive work environment and culture for all employees
Preferred Qualifications
- Exposure to commercial real estate debt/equity operations (e.g., purchase and sales agreements, loan set up and settlement processes, amendments, waterfalls, etc.)
- Alternatively, experience with distressed debt or corporate loan operations
- Exposure to Private Equity and Hedge Fund organizational structures; frameworks from booking and settlement through accounting and maintenance of deals post-settlement
- PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.
- Salary Range: $ 135,000.00 - $ 168,000.00
- Equal Employment Opportunity and Affirmative Action Statement
- PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.
- Applicants with Disabilities
- PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.
About PIMCO
PIMCO is a global investment manager specializing in active fixed income, with expertise across public and private markets. Founded in 1971, the company manages traditional and alternative investment solutions for clients around the world.
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