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Cash Applications Analyst

Newport Beach, USA
Closing date
Feb 25, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

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's Client Billing department is comprised of revenue professionals focused in three functional areas: Billing, Reporting, and Cash Applications. The department is responsible for calculating, invoicing and collecting separate account revenue for all entities and we are seeking highly motivated and intellectually curious Analyst to join our team and support the Cash Applications team.

Cash Applications Analysts have a unique opportunity to drive operational excellence by understanding global payments processes, analyzing multi-element payments, and determining solutions to team challenges. Automation projects add another opportunity to bring value to this role.

Application Deadline

Thursday, February 22, 2024


Newport Beach, CA

  • Download bank deposits daily. Identify and apply client payments into the General Ledger timely. Identify and report all non-AR payments.
  • Monitor collections reports. Apply PIMCO's collections policy to all outstanding items and action correspondence efforts and escalation. Prepare reports for distribution to Account Managers and Senior Management on a monthly basis.
  • Coordinate with global colleagues in Account Management, Accounting, and other parties to resolve issues promptly and efficiently
  • Prepare monthly write off reports. Complete write offs in General Ledger system once proper approvals are obtained
  • Reconcile bank deposits with AR postings at month-end
  • Respond to internal and external inquiries regarding open balances and communicate with clients or client service professionals
  • Minimum of a Bachelor's Degree in Finance, Accounting, Economics
  • Minimum 1-2 years of progressive experience in A/R, accounting, collections roles
  • Strong accounting fundamentals
  • Possess intellectual curiosity and strong analytical and critical thinking skills, including the ability to effectively and autonomously problem solve
  • Strong sense of urgency which includes handling multiple tasks and deadlines
  • Clear written and verbal communication skills with the ability to engage professionally and succinctly with all levels across the firm
  • Ability to work with a strong sense of accountability, integrity and ownership
  • Proficiency in Microsoft Office Suite, including Excel and Outlook
  • Familiar with SAP or other large ERP system a plus
  • Committed to PIMCOs values: Collaboration, Openness, Responsibility and Excellence that allow us to bring the best to our clients and each other
Professional Skills Requirements
  • Exceptional organizational skills, including the ability to multi-task and manage ongoing initiatives
  • Demonstrated ability to deliver on assigned responsibilities through pursuing excellence, impeccable attention to detail, and use of effective interpersonal and communication skills
  • Flexibility to adapt to shifting priorities, manage deadlines, and support dynamic initiatives
  • Inquisitive self-starter and quick learner; adaptable to learn new processes, concepts, and skills
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: $ 58,500.00 - $ 70,000.00

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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