Fund Controller – Hedge Funds

PIMCO • New York, NY

115d • $175,000 - $240,000

About The Position

The Alternative Funds at PIMCO total approximately $191 billion across multiple strategies and multiple vehicle types (evergreen and closed-ended). The Alternatives Funds Finance Team is responsible for the overall financial accounting, control and reporting; investor reporting; tax structuring and compliance; operations; and investment partner and third party service provider oversight. The Team works cross-functionally with the Product Strategies, Account Management and Portfolio Management departments and reports to the Executive Office. The Alternative Funds Finance Team is seeking to add a dynamic professional with strong investment company and alternative asset accounting experience to the Financial Control Team. This team member will be responsible for the financial control of a sub-set of private funds and will work with the existing team to design and execute an oversight model to ensure accurate and timely financial reporting. This team member will lead the financial accounting and reporting to all internal and external constituents of this fund group. A component of this role will be oversight of illiquid investment activity over a diverse asset class range, including commercial and residential real estate equity and debt, bank loans, asset-backed loans and other specialty finance structured products, subordinated debt, and preferred and common equity in privately-held companies, as well as fixed income and derivative products and other unique securities. The role requires a highly proficient accountant with alternatives experience and product exposure to manage the complexities of diversified hybrid funds. The PIMCO Alternatives business continues to evolve and this is a unique opportunity to join a growing team at one of the largest asset managers in the world.

Requirements

• Target range of 7-10 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 solve 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.

Responsibilities

• Serve as lead Finance team member for new product launches.
• Manage the monthly NAV close process performed by the Fund Administrator with a focus on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
• Design control procedures targeted by fund to achieve accurate and timely financial accounting and reporting and implement the performance of these procedures by a third party through a Managed Service Arrangement.
• Perform high-level and analytical reviews of a complex data set.
• Manage and develop a junior finance team member.
• Oversee and control for accurate output of fund treasury and expense processing team, as well as liquidity analysis, by performing review and approvals.
• Communicate effectively with the Fund Administrator and other stakeholders to identify and solve issues.
• Contribute to the management and oversight the Fund Administrator through SLAs/KPIs and site visits.
• Oversee the external audit, regulatory reporting and other financial reporting requirements.
• Oversee the completion of various regulatory, debt covenant compliance, and other reporting requirements.
• Own the financial information for key client deliverables (investor reports, capital statements and annual audited financial statements).
• 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.

Benefits

• 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
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees