Fund Controller – Hedge Funds

PIMCO•Austin, NY

About The Position

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. JOB DESCRIPTION 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
Ability to work in a fast paced, deadline driven environment
Good quantitative/analytical and problem solving skills
Highly organized, proficient at time management / project management
Keen desire to learn and quickly absorbs new knowledge
Excellent written /verbal communication skills
Balance a sharp focus on details with an awareness of the bigger picture
Foster a sense of teamwork, assisting others when needed /require

Responsibilities

Serve as lead Finance team member for new product launches. This includes responsibility for the set-up and operations of complex evergreen fund structures.
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. Set objectives, measure performance and develop their contributions to the team.
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.