Portfolio Manager, Private Credit

New York, USA
Jan 31, 2023
Mar 02, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO has developed a robust $47+ billion alternatives platform. With over 15 years of alternatives experience, PIMCO has incorporated the firm's investment discipline and unique sourcing capabilities with alternatives-specific talent and resources. PIMCO offers a diverse set of hedge fund, risk premia, private credit and real estate strategies that emanate from core PIMCO capabilities across global macro, quant, commodities, credit, residential and commercial real estate markets.

PIMCO is seeking a senior Portfolio Manager to join its growing private credit team, to be based in either our Newport Beach, CA or New York office . This individual will be directly involved in sourcing, evaluating, underwriting and managing of private credit investments. This individual will interact across our investment organization; including Portfolio Management professionals within our private credit alternatives platform, as well as across the firm's corporate research group.

  • Source and evaluate new transactions, pre-screen transactions, conduct due diligence, prepare credit approval memos, pitch transactions to credit committee in order to obtain credit approval, negotiate and review legal documentation, and participate in deal closing
  • Manage portfolio accounts - monitor performance and covenant compliance, prepare periodic/annual reviews, examine amendments and waiver requests, provide performance updates to managers, identify and act on warning signals, participate in portfolio reviews
  • 8-15 years of relevant work experience; prior experience should ideally include an investment banking analyst program, with a focus on leveraged finance or restructuring
  • Minimum 5 years of experience in leveraged finance/middle market lending or leading the underwriting and execution effort on debt transactions at commercial banks
  • Must have private markets experience
  • Prior experience leading negotiations of credit agreements/legal documentation
  • Ideally some buy-side experience in a private markets capacity would be preferred
  • Strong prior experience in credit analysis and financial modeling
  • Strong academic credentials and achievement
  • Experience managing tasks with minimal direction and an ability to make preliminary decisions in a short timeframe
  • Good communicator, strong written and oral presentation abilities; needs to be persuasive and credible
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.

Salary Range: $ 265,000.00 - $ 345,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.
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