Credit Research Analyst - GCOF

Newport Beach, USA
Apr 25, 2020
May 07, 2020
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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 $1.78 trillion in assets for clients around the world. PIMCO has over 2,800 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:

PIMCO is seeking a senior corporate credit analyst to help analyze, recommend, and monitor investment opportunities across higher beta IG and HY credit as well as stressed / distressed and select equities. The analyst will be focused on working on the Global Credit Opportunity Fund (GCOF):
  • GCOF is PIMCO's flagship $3.8bln credit relative value hedge fund, focused on opportunities in corporate credit, structured products, and select macro-related strategies
  • The corporate strategies are focused on relative value and include fundamental long short, capital structure relative value including debt/equity, bond-CDS basis and curve trades
  • The Fund largely focuses on large, complex capital structures within higher beta segments of the market
  • Develop investment recommendations for the lead Portfolio Manager based on fundamental and relative value analysis within the analyst's coverage universe of 20-25 companies
  • Proactively communicate changes / updates on existing portfolio holding
  • Work directly with the lead Portfolio Manager to answer questions regarding credit concerns, industry changes, and relative value mispricings
  • Interact internally with Product Management professionals and externally with clients

Position Requirements:

  • 2-3 years as an investment banking analyst at a top tier investment bank required, preferably in a modeling heavy group (lev fin, M&A)
  • 1-2 years post IB program, currently in a distressed, special situations, private equity program
  • Sector agnostic but must be very strong in relative value
  • A highly analytical and quantitative bent
  • Exceptional modeling skills and ability to multi-task
  • Significant expertise in analyzing bond and loan covenants
  • Some experience in stressed investing and relative value trades
  • Enthusiasm for finding compelling short opportunities as well as longs
  • Strong academic pedigree


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

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