Portfolio Associate – SMA/Municipals

PIMCO•San Diego, CA

56d

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 Portfolio Associate Team Overview Portfolio Associate team members help to oversee the portfolios on a day to day basis and liaise directly with Portfolio Managers and build relationships internally with Account Managers, Product Managers, Legal and Compliance counterparts, Operations teams, and other Portfolio Trade Associate teams across the firm’s global offices. On a day-to-day basis, Portfolio Associates’ primary functions will consist of monitoring risk exposures across portfolios, sizing trades to take risk measures to portfolio managers’ desired target, and managing all other operational aspects of the portfolio. Portfolio Associates are routinely encouraged to provide creative solutions and develop key tools and reporting methods to support the Portfolio Management team. Position Development Value: Extensive exposure to industry experts within Portfolio Management and across other functional areas of the firm A broad range of opportunities to collaborate with talented colleagues Learning environment focused on key buy-side portfolio risk and return principles Constructive feedback to foster career growth in addition to a formal annual review process Location: San Diego, CA

Requirements

Bachelor’s degree with strong academic background in a technical field from a leading, accredited college or university
2-3 years of relevant work experience in financial services/asset management industry
Deep understanding of fixed income especially Tax-Exempt Municipal and Government Bonds
Exceptional communication skills are required to operate in a complex financial environment
Excel “power user”
Strong process-oriented background and ability to demonstrate keen portfolio risk and operational awareness
Outstanding analytical and multi-tasking skills with a proven ability to function efficiently and problem-solve in a high-pressure and time-critical environment

Nice To Haves

Python programming skills are preferred
Primary focus will be on Tax-Exempt Municipal and Government bond Separately Managed Accounts (SMA)
Understanding of Municipal bond market and retail ladder strategies a plus

Responsibilities

Ensuring investment objectives are reflected across portfolios in scope
Monitoring portfolio positions and products versus client guidelines in concert with Compliance team
Coordinating with Portfolio Management on re-balancing of portfolios
Utilizing proprietary risk systems for monitoring portfolio exposures
Assisting in account transitions and cash flow management
Conducting performance and attribution analyses
Responding to ad-hoc requests from the Portfolio Management team

Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family.
Benefits vary by location but may include:
Medical, dental, and vision coverage
Life insurance and travel coverage
401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
Community involvement opportunities with The PIMCO Foundation in each PIMCO office
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.