Senior Associate, Alternative Funds Finance

Newport Beach, USA
Apr 05, 2022
Apr 10, 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:

The Alternative Funds at PIMCO total approximately $40 billion across multiple strategies and multiple vehicle types (hedge fund and private equity). The Alternatives Funds Finance Team runs the overall financial accounting and control, tax structuring and compliance, operations, and investment partner and third party service provider oversight. The Team works directly with Product Management, Account Management and Portfolio Management groups of PIMCO and reports to the Executive Office.

The Team is seeking to add a dynamic professional with strong investment company and/or alternative asset accounting experience to the Financial Control Team. This team member will be responsible for the finance and accounting of illiquid investment activity across our Private Equity and Hedge Funds. The role is an extension of the existing team, providing direct support for investment activity, along with a broader responsibility for accounting and reporting for Alternative Funds. The illiquid investments include commercial and residential real estate equity and debt, bank loans, residential whole loans, subordinated debt, and preferred and common equity in privately-held companies, as well as structured products and other unique securities. The role requires a highly proficient accountant with alternatives experience and product exposure to handle the complexities of diversified hybrid funds. The PIMCO Alternatives business continues to evolve and the right resource is needed to handle this change and control for information requirements to meet the ever growing demands of both internal and external partners. This is an outstanding opportunity to join a growing team at one of the largest asset managers in the world.

Position Requirements:

  • Support the investment closing process for illiquid assets focusing on the functions of finance, treasury, accounting and reporting. Collaborate and communicate effectively across multiple partners, 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 assist in the design and set-up of investment structures for private equity, real estate and other illiquid investments
  • Communicate effectively with the fund accounting administrator and other partners to identify and seek issues as they materialize
  • Lead the structured financing waterfall process, which involves coordination among the asset and financing portfolio management team, financing counterparties, agent banks, and fund administrator. Collateral primarily consists of residential and consumer whole loans.
  • Handle the fund treasury and projecting future fund cash flows for the liquidity management process (including, capital calls, distributions and coordination with the financing team)
  • Contribute to the quarterly close process for certain Alternative Funds with exposure to both public and private investments across commercial, residential and specialty finance asset classes
  • Contribute to the financial information for key client deliverables (investor reports, capital 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
  • Contribute to the external audit, regulatory reporting and other reporting requirements
  • Oversee the completion of various regulatory, debt covenant compliance, 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 coordination and project management of various Alternative Funds Finance team projects and initiatives

Position requirements:
  • Target range of 3-5 years of experience in financial accounting, audit or finance function for an alternative investment manager with exposure to credit, real estate, private equity funds or hedge funds
  • 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 tackle complexities as they arise
  • Exposure to private equity and hedge 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
  • Balance a sharp focus on details with an awareness of the bigger picture
  • Cultivate a sense of teamwork, assisting others when needed /required


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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