Alternative Operations Sr. Associate/Manager

Austin, USA
May 12, 2022
May 15, 2022
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 $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 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:

Our Alternative Operations team is based in Newport Beach, CA, New York, NY, and London, UK. We support PIMCO's Alternatives/Structured Products business, including complex hedge funds and private equity vehicles. As a Sr. Associate/Manager, you 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 include:

  • Deal facilitation
  • Settlement
  • Income accounting and collection
  • Cash wire controls
  • Physical security registration
  • Complex debt restructuring
  • Other operational functions

This role may be based in New York, NY or Austin, TX.

About You

  • You challenge the status quo by asking "why" and identifying new and better ways of doing things
  • Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
  • Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
  • Proven track record to deliver on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
  • You seamlessly adapt to shifting priorities and enjoy working with ambiguity
  • A standout teammate who builds positive relationships and collaborates across multiple levels of a globally diverse organization, including outside vendors
  • Track record of building credibility and trust through consistent behavior, high integrity, and judgment
  • Intellectual curiosity, a dedication to professional development, an ability to learn, and an interest in staying on top of emerging trends
  • Self-motivated and thrive in a fast-paced environment
  • High emotional intelligence, are flexible, and resilient
  • Proven record navigating unstructured processes and simultaneously handling responsibilities with multiple, exciting demands
  • • Encourage a positive work environment and culture for all employees

  • Support PIMCO's private debt portfolio managers with settlement oversight and life cycle management on all private/originated loan trades
  • Provide coverage for the commercial real estate equity portfolio managers regarding deal settlement, capital calls, wire instruction updates, etc.
  • Provide necessary oversight and serve as an escalation point to outsourced providers performing back-office related functions (settlements, asset setup, waterfall calculations, P&I processing, document custody storage, 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 cash management requirements for fund development and deal facilitation issues
  • Enhance controls and oversight for all non-standard alternative transactions across PIMCO
  • Assist with the operational aspects of bespoke loan financings
  • Liaise with various vendors or banking institutions for added service upgrades and new product solutions

Position Requirements:


  • Minimum of a Bachelor's Degree
  • Minimum 2 years of operational support experience across private and direct originated debt, including term loan, revolver, and delayed draw loans
  • Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, communications with service providers to ensure deal facilitation, etc.
Preferred Qualifications

  • Exposure to commercial real estate debt/equity operations (e.g., purchase and sales agreements, loan set up and settlement processes, amendments, waterfalls, etc.)
  • Alternatively, experience with distressed debt or corporate loan operations
  • Exposure to Private Equity and Hedge Fund organizational structures; frameworks from booking and settlement through accounting and maintenance of deals post-settlement


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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