Credit Research Analyst,

Employer
PIMCO
Location
Newport Beach, USA
Salary
Competitive
Posted
Jun 06, 2021
Closes
Jul 01, 2021
Ref
11172114
Job Function
Banking
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 $1.91 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 Municipal Credit Research Analyst to support the firm’s growth of tax-exempt assets under management. This opportunity is based in Newport Beach, CA where the Analyst will sit in a dynamic environment alongside Portfolio Managers and other tax-exempt and corporate credit Analysts. Although this position is specific to the Municipal business, you’ll be part of the firm’s global research team and will interact frequently with cross-asset Portfolio Managers.

RESPONSIBILITIES

  • Assume coverage and responsibility for one or more defined sectors within U.S. public finance with a concentration on both IG and HY asset classes
  • Build financial projections with a focus on debt sustainability and develop independent credit opinions for related coverage field
  • Analyze political conditions and the impact on credit fundamentals
  • Report and analyze potential changes in the tax policies and accounting treatment of municipal issuers
  • Provide detailed investment recommendations to tax-exempt and taxable portfolio managers
  • Proactively develop and communicate investment ideas with portfolio managers
  • Produce written reports and presentations as needed
  • Interact with clients or client service professionals as required
  • Work with other areas of the firm, including corporate credit analysts, to source cross-asset class investment ideas


Position Requirements:

  • Must have 5-7 years of relevant Public Finance credit analysis experience. Budget, credit or finance work at a buy side/sell side firm, federal agency, major state or municipal treasurer office required
  • Strong prior experience in Muni high yield asset classes and experience in either municipal or corporate distressed situations
  • Exposure to the following sectors a plus: MSA/tobacco, dirt deals, assisted living/skilled nursing/CCRC, student housing, charter schools and retail oriented
  • Strong academic credentials and achievement; MBA/JD/CFA preferred
  • Deep understanding of global fixed income products, including tax-exempt and taxable products
  • Strong understanding of fixed income math with a background in statistics or economics
  • Prowess to make judgments regarding credit, risk, and valuation
  • Market knowledge that allows the analyst to resolve the appropriate depth of analysis required for individual credits
  • Experience handling tasks with minimal direction and an ability to make preliminary decisions in a short time frame with incomplete information
  • Good communicator; strong written and oral presentation abilities. Needs to be persuasive and credible
  • Appreciates seeing one’s investment ideas added to investment portfolios and enjoys credit analysis as a long-term career


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

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