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Senior Associate - Stable Value PSG

PIMCO Ltd. - Pacific Investment Management Company
United States, California, Newport Beach
Nov 23, 2024

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.

PIMCO is seeking a Senior Associate to join its Stable Value Product Strategy Group in Newport Beach, CA. This group oversees $29 billion in stable value assets for DC clients and their participants.

The Associate will assist Strategists in the group in running daily and monthly processes necessary for maintaining a stable value fund. The Associate will have opportunity to interact with wrap providers and assist with inquiries from clients. The Associate will be responsible for updating quarterly RFIs and help with RFPs and preparing for client meetings. The role requires a solid understanding of all major asset classes and how they interact in a portfolio.

Skills required:

  • Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or other related disciplines

  • 3-4 years of experience in (and enthusiasm for) investment management

  • Excellent quantitative and analytical skills

  • Highly detail oriented

  • Self-starter with strong production and results orientation

  • Well organized with ability to manage multiple projects and work efficiently under tight deadlines

  • Strong oral and written communication skills to package content for client consumption

  • Must work well in a team environment and collaborate effectively with all levels of personnel

  • Strong investment knowledge base across all asset classes, especially fixed income

  • Advanced knowledge of Excel and PowerPoint; reasonable proficiency with Bloomberg, databases, and other analytic tools preferred

  • CFA designation or active status in program desired

Responsibilities:

  • Responsible for updating quarterly RFIs
  • Work with other stable value associate to manage a portfolio of processes necessary for maintaining a stable value fund including monitoring daily cash balance and replenishing cash buffers when necessary, resetting monthly and quarterly crediting rates, and PIMCO Stable Income Fund daily reconciliation

  • Assist with RFPs and preparing for client meetings

  • Assist with quarterly stable value commentary

  • Assist with client requests

  • Develop an understanding of PIMCO strategies and their risks and benefits in different market environments

  • Assist in monitoring the group's project queue and operating metrics

  • Collaborate with Account Management, Analytics, and other PSG teams

  • Ad-hoc projects and analyses

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.
Salary Range: $ 115,000.00 - $ 140,500.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

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