Manager, Alternatives Operations

PIMCO • Austin, TX

8h • Hybrid

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. Our Alternative Operations team is based in Newport Beach, CA, New York, NY, and London, UK. We support PIMCO’s Alternatives/Structured Products business, including complex hedge funds and private equity vehicles. As a Sr. Associate/Manager, you will engage with key stakeholders, including Portfolio Management, Legal, Compliance, Finance, and external service providers, to ensure timely settlements and maintenance of all private debt investments across PIMCO. Examples include: Deal facilitation Settlement Income accounting and collection Cash wire controls Physical security registration Complex debt restructuring Other operational functions This role may be based in New York, NY or Austin, TX.

Requirements

• Minimum of a Bachelor’s Degree
• Minimum 5 years of operational support experience across private and direct originated debt, including term loan, revolver, and delayed draw loans
• Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, communications with service providers to ensure deal facilitation, etc.

Nice To Haves

• Exposure to commercial real estate debt/equity operations (e.g., purchase and sales agreements, loan set up and settlement processes, amendments, waterfalls, etc.)
• Alternatively, experience with distressed debt or corporate loan operations
• Exposure to Private Equity and Hedge Fund organizational structures; frameworks from booking and settlement through accounting and maintenance of deals post-settlement

Responsibilities

• Support PIMCO’s private debt portfolio managers with settlement oversight and life cycle management on all private/originated loan trades
• Provide coverage for the commercial real estate equity portfolio managers regarding deal settlement, capital calls, wire instruction updates, etc.
• Provide necessary oversight and serve as an escalation point to outsourced providers performing back-office related functions (settlements, asset setup, waterfall calculations, P&I processing, document custody storage, etc.)
• Educate service providers and internal stakeholders on deal mechanics and structuring.
• Assist with complex loan amendments and restructurings
• Manage cross-functional projects to improve specific processes
• Work with the Alternatives Finance team on cash management requirements for fund development and deal facilitation issues
• Enhance controls and oversight for all non-standard alternative transactions across PIMCO
• Assist with the operational aspects of bespoke loan financings
• Liaise with various vendors or banking institutions for added service upgrades and new product solutions

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
• Career Level: Manager