Cash Desk Associate / Senior Associate

About Us:

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 $2.21 trillion in assets for clients around the world. PIMCO has over 3,025 employees in 20 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.

Position Description:

Required hours for the role are 5:00 AM CT - 3:30PM CT

About the Role:

The Cash Desk is one of the key operational units at PIMCO. We are responsible for managing cash, reporting client cash flows, and providing internal cash forecasts in all client accounts, mutual funds, and hedge funds. Our team works closely with the Portfolio Management group to ensure projected overdrafts are covered and facilitates the investment of excess cash into liquid securities. We interact regularly with a diverse group of professionals, including: portfolio managers, account managers, all internal operations groups, clients, State Street IMS, and custodian banks. We are currently looking for an individual to fill this role in either our Newport Beach or Austin office

Responsibilities:

• Monitor the cash management process with its multiple adjustments and iterations throughout the day
• Work with the Short Term traders to ensure accurate investment of excess cash and execution of the necessary funding actions for cash shortfalls and liquidity raising
• Take the lead or assist in projects crafted to build openness with our partners and improve current processes through increased automation
• Generate and analyze daily management and audit reports for Cash Flow Reporting and Cash Forecasting
• Work with Clients, Account Managers, and Portfolio Management Group in regards to client directed cash contributions and withdrawals
• Recognize areas of potential risks within the current processes and procedures and make necessary changes to mitigate those risks
• Work with custodians and accounting group in reconciling cash balances and resolving discrepancies
• Provide accurate and timely responses to the multiple ad hoc queries we receive daily from diverse internal and external stakeholders

Position Requirements:

Position Requirements

• Bachelor's Degree required, preferably within a major in Business, Finance, or Economics
• Minimum 3 years of professional experience within Financial Services, Asset Management, Operations or Accounting
• Intermediate Microsoft Excel skills (e.g., v-Lookup, formulas, writing/running macros in, SQL, VBA)
• Strong accuracy and attention to detail

Preferred Qualifications

• Prior cash management experience desirable
• Understanding of trade flow and trade processing
• Strong technical skills and experience with systems development

Professional Skill Requirements

• You are proactive, have excellent interpersonal skills (verbal and written) and can seamlessly face off across all levels of an organization
• You have outstanding attention to detail coupled with strong time management and organization skills
• Quick learner and adaptable to learn new processes, concepts, and skills
• You have a high level of emotional intelligence, are flexible and resilient
• You are a hard-working and motivated self-starter who takes ownership of your work quality and enjoys continuous improvement
• Shown competence in thinking strategically, analytically, conceptually and innovatively, including the ability to synthesize and analyze data quickly and effectively
• Experience in a global organization with extensive global coordination and leveraging of global processes
• Ability to multi-task, work in a fast-paced environment and balance multiple priorities
• You are an analytical problem-solver with the ability to promote your own ideas and solutions
• Proven ability to navigate unstructured processes and simultaneously handle responsibilities of multiple challenging demands

Benefits:

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