Senior Associate - Alts Funds Finance

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:

The Alternative Funds at PIMCO total approximately $35 billion across multiple strategies and multiple vehicle types (open and closed-end funds and strategic mandates). The Alternative Funds Finance Team is responsible for the overall financial accounting and control, tax structuring and compliance, operations, and investment partner and third party service provider oversight. The Team collaborates across multiple PIMCO business divisions including Product Strategy, Account Management and Portfolio Management and reports to the Executive Office.

The team is seeking to add a dynamic professional with strong investment company and alternative asset accounting experience to the Financial Control Team. This team member will be responsible for the finance and accounting of a selection of open-ended and hybrid funds. The role supplements the existing team as a result of new product growth and complexity. The role requires a highly proficient accountant with alternatives experience to manage complexities of diversified open-end and hybrid funds. Exposure to alternative investments types include private credit, fixed income, derivatives, commercial and residential real estate equity and debt, bank loans, subordinated debt, preferred and common equity in privately-held companies, as well as structured products and other unique securities.

The PIMCO Alternatives business continues to evolve and the right resource is critical to handle this change and control for information requirements to meet the ever growing demands of our stakeholders. This is a unique opportunity to join a growing team at one of the largest asset managers in the world.

Responsibilities

• Serve as a Fund Accountant with responsibility for complete financial accounting, reporting and operational facilitation for a sub-set of open-ended and hybrid funds. Oversee the third-party Fund Administrator in the completion of relevant activities.
• Oversee the monthly NAV close process performed by the Fund Administrator focused on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
• Review the key financial information for investor deliverables (investor reports, capital account statements and annual audited financial statements).
• Contribute to the management and oversight the funds’ administrator through SLAs/critical metrics and site visits.
• Assist with fund expense process and oversight.
• Manage the external audit, regulatory reporting and other reporting requirements.
• Utilize internal and external resources to respond to client, prospective client, and client consultant requests for information in a timely and accurate manner
• Lead the investment closing process for illiquid assets focusing on the functions of finance, treasury, accounting and reporting. Collaborate and communicate effectively across multiple stakeholders, including portfolio management, tax and legal professionals; in addition to the fund controller, operations team and administrator.
• Monitor and maintain illiquid investments for financial accounting and reporting, including complex security accounting and income recognition, valuation and performance.
• Work with the tax and legal teams to lead all aspects of the design and set-up of investment structures for private equity, real estate and other illiquid investments.
• Responsible for negotiation of certain aspects of key contracts with new investment partners and service providers.
• Oversee the US joint-venture level external audits from the funds perspective.
• Oversee the completion of various regulatory and other reporting requirements.
• Lead the coordination and project management of various team projects and initiatives.

Position Requirements:

Requirements

• Target range of 3-5 years of experience in financial accounting, audit or finance function for an alternative investment manager
• Ability to implement accounting and reporting for investment structures for different asset classes
• Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
• Exposure to alternative fund structures
• Experience with external audit processes and procedures
• Knowledge of accounting principles including US GAAP and Investment Company Accounting
• Bachelor’s degree with a major in Accounting or Finance
• Active or Desired CPA license

Required candidate personal characteristics

• Ability to work in a fast paced, deadline driven environment
• Good quantitative/analytical and problem solving skills
• Highly organized, proficient at time management / project management
• Keen desire to learn and quickly absorbs new knowledge
• Excellent written /verbal communication skills
• Able to balance a sharp focus on details with an awareness of the bigger picture
• Foster a sense of teamwork, assisting others when needed/required

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