Manager - Alternative Operations

Employer
PIMCO Europe Ltd
Location
New York, USA
Salary
Competitive
Posted
May 11, 2019
Closes
May 17, 2019
Ref
5761835
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 $1.76 trillion in assets for clients around the world. PIMCO has over 2,600 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 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:

The Manager - Alternative Operations will join a team of professionals located in Newport Beach, CA, London, and New York and support PIMCO's Alternatives/Structured Products business, which includes complex hedge funds and private equity vehicles. The Manager will engage with key stakeholders, including Portfolio Management, Legal, Compliance, Finance, and external service providers to ensure timely settlements and maintenance of all private debt investments across PIMCO. 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 Manager - Alternative Operations role will be located in New York.

RESPONSIBILITIES
Key responsibilities include, but are not limited to:
  • Support PIMCO's private debt portfolio managers with settlement oversight and life cycle management on all private/originated loan trades
  • 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 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 fund development and deal facilitation issues
  • Develop proper controls and oversight for the private loan investments across PIMCO
  • Assist with the operational aspects of bespoke loan financings


Position Requirements:

EXPERIENCE

  • Operational support across private and direct originated debt including term loan, revolver and delayed draw loans
  • 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
  • Experience with common private equity frameworks from booking and settlement through accounting and maintenance of deals post settlement
  • Custody and accounting service provider relationship management for supported products


POSITION REQUIREMENTS

  • Minimum 6-10 years of Operations experience supporting debt -related products
  • Demonstrated 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
  • Solid understanding of fund accounting across complex asset classes
  • Proven experience with loan restructuring and physical registration
  • Proven track record managing complex securities and processing tasks, particularly with financing instruments and strategies
  • Good working knowledge of Excel, and Bloomberg essential


PREFERRED QUALIFICATIONS

  • Understanding of SQL and database query tools
  • Understanding of private equity legal structures


PROFESSIONAL SKILLS REQUIREMENTS

  • Excellent communication (verbal and written), facilitation, and interpersonal skills, including the ability to face off across all levels of an organization
  • Quick learner and adaptable to learn new processes, concepts, and skills
  • High emotional intelligence, flexible, and resilient
  • Highly motivated self-starter with the ability to work collaboratively and independently
  • Demonstrated competence in thinking strategically, analytically, conceptually, and innovatively, including the ability to synthesize and analyze data
  • Ability to multi-task, work in a demanding, fast paced environment and handle multiple, competing priorities and projects with high quality output
  • Demonstrated ability to navigate unstructured processes and simultaneously manage responsibilities of multiple-concurrent work streams and competing


Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing 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

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