Investment Grade Credit Research Analyst

PIMCO • San Diego, CA

1d • $90,000 - $120,000 • Onsite

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. POSITION DESCRIPTION PIMCO is seeking a Municipal Credit Research Analyst to support the firm’s growth of tax-exempt assets under management. This opportunity is based in San Diego, CA where the Analyst will sit in a dynamic environment alongside Portfolio Managers and other tax-exempt credit Analysts. Although this position is specific to the Municipal business, you’ll be part of the firm’s global research team and will have the opportunity to interact with cross-asset Portfolio Managers.

Requirements

• Strong academic credentials and achievement; MBA/MPA/MPP/ progress towards a CFA preferred
• 2-3 years of relevant Public Finance credit analysis experience. Budget, credit or finance work at a buy side/sell side firm, rating agency, federal agency, major state or municipal treasurer office desired
• Prowess to make judgments regarding credit, risk, and valuation
• Eagerness to build a knowledge base of the municipal market and its wide variety of issuers
• Experience handling tasks with minimal direction and an ability to make preliminary decisions in a short time frame with incomplete information
• Good communicator; strong written and oral presentation abilities. Needs to be persuasive and credible
• Appreciates seeing one’s investment ideas added to investment portfolios and enjoys credit analysis as a long-term career

Responsibilities

• Assume surveillance responsibilities across a number of municipal sectors and regions with a goal of assisting the Research team’s coverage of primary and secondary market offerings and existing holdings
• Build financial projections with a focus on debt sustainability and develop independent credit opinions for related coverage field
• Analyze political conditions and the impact on credit fundamentals
• Report and analyze potential changes in the tax policies and accounting treatment of municipal issuers
• Communicate investment ideas and sector trends with the broader Research team as well as portfolio managers
• Assist in ad-hoc research projects, written reports and presentations as needed

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level