Portfolio Associate - Credit

Newport Beach, USA
31 Jan 2023
26 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Credit Portfolio Associate

Portfolio Associate Team Overview

Portfolio Associate team members directly support Portfolio Managers and build relationships internally with Account Managers, Product Managers, Legal and Compliance counterparts, Operations teams, and other Portfolio Associate teams across the firm's global offices. On a day-to-day basis, Portfolio Associates actively monitor portfolios to assist Portfolio Managers in rebalancing risks and providing operational support where necessary. Portfolio Associates are routinely encouraged to provide creative solutions and develop key tools and reporting methods to support the Portfolio Management team.

Position Development Value:
  • Extensive exposure to industry authorities within Portfolio Management and across other functional areas of the firm
  • A broad range of opportunities to collaborate with talented colleagues
  • Learning environment focused on key buy-side portfolio risk and return principles
  • Constructive feedback to foster career growth in addition to a formal annual review process
  • Support the Credit Portfolio Management Team that oversees investment grade credit, high yield, and bank loans strategies for institutional and retail clients
  • Prepare trade studies to reposition accounts based on the requests of the Portfolio Management Team
  • Recommend trades to the Portfolio Management Team based on account positioning, credit analyst recommendations, firm-wide risk targets, and account guidelines
  • Coordinate execution of approved trades with the appropriate trading desks around the globe
  • Ensure that all proposed trades are consistent with client guidelines in concert with the Compliance Team
  • Manage cash flows, benchmark changes, and other account transition events in coordination with the PM Team
  • Facilitate the trading operations of the Credit Desk in support of portfolio managers across the firm
  • Coordinate with Middle Office, Settlements, Compliance, Risk Management, and Account Management to ensure client objectives are met, accounts are appropriately positioned, and all credit trades are ticketed and processed.
  • Strong academic background in a related field from a leading accredited college or university with 1-5 years of work experience
  • Fundamental fixed income expertise is required Prior exposure to cash and derivative securities in the credit and interest rate sectors is preferred. Knowledge of Bank Loans, CLOs, and leveraged finance is a plus.
  • Outstanding analytical skills with a proven ability to function efficiently in a high-pressure and time-critical environment is required
  • Strong communication skills, poise under pressure, and professionalism are necessary attributes to succeed in this role
  • A positive "can-do" attitude along with a willingness to embrace all tasks, large or small, is crucial on this high-volume desk
  • A collaborative mindset and an ability to work effectively on a diverse team with cross-functional constituencies is a must
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: $ 105,000.00 - $ 122,500.00

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.
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