CMBS/CRE Portfolio Manager

PIMCO • Newport Beach, CA

4d • Onsite

About The Position

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. They invest clients’ capital across a range of fixed income and credit opportunities, leveraging decades of experience navigating complex debt markets. PIMCO has a flexible capital base and deep relationships with issuers, making them one of the world’s largest providers of traditional and nontraditional solutions for companies needing financing and investors seeking strong risk-adjusted returns. Since 1971, PIMCO's culture has been shaped by a high-performance inclusive environment that celebrates diverse thinking, invests in its people, and imprints CORE values of Collaboration, Openness, Responsibility, and Excellence. PIMCO is seeking an associate or VP level CMBS/CRE Portfolio Manager to be part of its opportunistic investment team based in Newport Beach, CA. The candidate will assist the team in underwriting and making investment decisions in CMBS and other real estate-related assets for various PIMCO funds. The role involves assisting in the evaluation of both CMBS and opportunistic debt and equity investments for PIMCO’s alternative funds. PIMCO believes that active management is the responsible way to invest clients' assets in fixed income, with a 50-year history of helping investors pursue their objectives - regardless of shifting market conditions. Their investment process is designed to promote fresh ideas and differing points of view, and they innovate to give clients an edge.

Requirements

• Proficiency in Excel, Bloomberg
• 2-5+ years on a CMBS trading desk or CMBS syndicate group on sell-side, or equivalent experience in private equity or real estate investment management-related field
• Must have CRE underwriting experience
• Outstanding academic credentials and demonstrated leadership capabilities
• Strong work ethic and integrity, candidate should be a team player that is proactive and self-motivated
• Strong analytical, interpersonal communication, and writing skills

Nice To Haves

• Proficiency in Intex

Responsibilities

• Assist in asset-level credit underwriting on CMBS and CRE loans, and identify investment opportunities
• Prepare investment memos/notes to be presented to senior portfolio managers
• Review of Prospectus, Pooling and Servicing Agreements, Indentures and appraisals associated with securities offerings
• Monitor and analyze the performance of existing investments
• Support the development of new business initiatives in CMBS/CRE and other opportunistic investments for the firm

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees