Fund Operations Cash Associate

Newport Beach, USA
Feb 05, 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.

The PIMCO Fund Operations Cash team is primarily responsible for overseeing the timely review and dissemination of accurate trade order activity to Portfolio Management for open-end funds, closed end funds, exchange traded funds, and hedge funds. Our responsibilities involve coordination with the front/middle/back offices, transfer agencies, custodians, and intermediaries supporting PIMCO's funds and our clients. In this role, you will be based out of Austin, TX and will be primarily responsible for supporting the U.S. fund complexes and providing supplemental support for the Canada and Brazil trusts.

About You

If the following describes you, let's talk!
  • You challenge the status quo - rejecting "good enough" and resourcefully imagining new ways to build a better mousetrap
  • A "big picture" thinker - grasping how projects support business objectives and how you play a meaningful role in our success
  • A problem solver - quickly gaining clarity on desired outcomes, understanding root problems, and identifying the best solutions
  • A standout teammate - enjoying helping others perform at their best and achieve their fullest potential
  • Intellectually curious - beyond just knowing the answer, you want to understand the "why" behind the answer
  • Thrives in a fast-paced environment - staying organized while juggling multiple priorities concurrently
  • Self-motivated - raising a high bar for yourself and reaching beyond the bare minimum of what's required
  • Have a keen attention to detail - you've already identified two typos in this job description
  • Share PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, which allow us to bring the best to our clients and each other
  • Respond to inquiries regarding shareholder transactions and onboarding from various internal and external groups
  • Provide vendor oversight of transfer agencies and other vendors who provide operational services for the mutual funds
  • Maintain relationships with third-party intermediaries to resolve trade inquiries
  • Support the U.S. funds business with the timely and accurate reporting of U.S. trade activity and material pre-trade notifications to the front office.
  • Operational support for separately managed accounts (SMAs) when trading mutual funds. Review and reconcile trade orders between internal accounting records and transfer agencies.
  • Provide and/or review data in support of regulatory requirements.
  • Service internal clients regarding fund trading: cash desk, short term desk, product groups, portfolio mgmt., account mgmt., middle office and investment ops.
  • Oversight of fund and client portfolio events involving mutual funds and transfer agencies
  • Timely resolution of accounting breaks and cash settlement issues
  • Drive multiple projects related to workflow and system/application enhancements to optimize efficiencies and mitigate risk both internally and across service providers
Position Requirements
  • Minimum of a Bachelor's Degree
  • 2-4 years of experience in financial services industry, with preference given to specific experience in asset management, transfer agency or back/middle office
  • Intermediate to advanced knowledge of Microsoft Excel, particularly as it pertains to data analysis
  • Experience with SharePoint, SQL, Python, or visual basic desirable
  • Current FINRA Series 7 and 63 licenses; otherwise required to obtain within six (6) months of start date
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: $ 73,000.00 - $ 79,000.00

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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