About the Role
Support the firm's Complex Restructures and Distressed Credit platform, focusing on private credit and alternative investment operations. Partner with internal and external stakeholders to ensure accurate settlement, lifecycle management, and reporting of private and originated loan investments. Serve as the point of contact for end-to-end restructure processing, facilitate cross-functional communication, lead process improvement, assist with complex financial transactions, and enhance operational controls. Engage with vendors for service upgrades and participate in special projects.
Responsibilities
- Provide day-to-day operational coverage for Private Distressed Credit portfolio managers, including deal settlement, funding coordination, wire instruction updates, and cash movements.
- Serve as an escalation point and provide oversight for outsourced service providers performing back-office functions such as settlements, asset setup, waterfall calculations, P&I processing, cash and position reconciliation, and document custody storage.
- Review and interpret credit agreements to understand and operationalize key terms, including accrual mechanics, indices, payment schedules, and maturities.
- Respond to detailed loan-level questions from internal stakeholders and client-facing teams.
- Educate service providers and internal partners on deal mechanics and structuring.
- Support complex loan amendments, restructurings, share conversions, and other non-standard lifecycle events through accurate operational execution.
- Participate in monthly activity reviews with select clients, as required.
- Work closely with the Alternatives Finance team on cash management requirements related to fund development and deal facilitation issues.
- Enhance controls and oversight for non-standard alternative transactions across PIMCO.
- Liaise with vendors, custodians, and banking institutions to support service enhancements and new product solutions.
- Partner closely with technology teams and project managers to enhance, integrate, and optimize core systems, ensuring alignment between business requirements and system capabilities.
- Develop and maintain comprehensive process documentation, workflow mapping, and control inventories across products and systems.
Requirements
- Minimum eight years of relevant operational experience across private and direct originated debt and/or equity.
- Strong knowledge of loan-based products, including term loans, revolvers, delayed draws, and privately originated debt/equity.
- Experience encompassing loan setup, interest calculations, amendments, restructuring, loan agency functions, and the loan settlement process, including complex deal structures and control/pledge agreements.
- Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, and communications with service providers to ensure deal facilitation.
- Experience working with transfer agents (e.g., restricted shares).
- Exposure to SMAs, private equity, and hedge fund organizational structures; frameworks from booking and settlement through accounting and maintenance of deals post-settlement.
- Alternatively, experience with distressed debt or corporate loan operations.
- Exposure to alternative investments and financing arrangements (e.g., purchase and sales agreements, loan setup and settlement processes, amendments, waterfalls, Total Return Swaps (TRS)).
- Familiarity with private equity fund frameworks, covering the entire process from booking and settlement to accounting and post-settlement maintenance.
- Proven experience in managing relationships with custody and accounting service providers for supported products.
- Understanding of the accounting implications when recording lifecycle events, including principal and interest (P&I), expenses, and capital contributions/distributions.
- Ability to extract key terms from credit facility documentation and articulate deal structuring effectively.
- Good understanding of fund accounting across various complex asset classes.
- Proven track record in managing complex securities and processing tasks, particularly with financing instruments and strategies.
Skills
- Proficient in Excel, with the capability to efficiently analyze large data sets.
- Data-driven insights for optimizing financial advisor experience.
- Collaboration.
- Self-motivation.
- Detail-oriented.
- Client focus.
- Teamwork.
- Effective communication.
- Adaptability.
- Ability to work with ambiguity.
- Emotional intelligence.
- Resilience.
- Organizational skills.
- Project management skills.
- Credibility.
- Trustworthiness.
- High ethical standards.
- Integrity.
- Intellectual curiosity.
- Dedication to professional development.
- Resourceful problem-solver.
- Critical thinking.
- Empathetic mindset.
- Creative solutions.
Location
- New York, NY
- Austin, TX
Experience Level
- Minimum eight years of relevant operational experience
Education Level
- Minimum of a bachelor’s degree
Salary/Compensations
- $135,000.00 - $168,000.00
About the Company
- PIMCO is a global leader in active fixed income with deep expertise across public and private markets.
- We invest clients’ capital across fixed income and credit opportunities, leveraging decades of experience in complex debt markets.
- Our flexible capital base and deep relationships make us a large provider of traditional and nontraditional solutions for companies and investors.
- Since 1971, PIMCO has fostered a high-performance, inclusive culture that celebrates diverse thinking.
- We invest in our people and uphold CORE values: Collaboration, Openness, Responsibility, and Excellence.
- PIMCO is recognized as an innovator, industry thought leader, and trusted advisor to clients.
- We believe active management is the responsible way to invest clients' assets in fixed income.
- For 50 years, we have helped millions of investors pursue their objectives in shifting market conditions.
- Our clients rely on an investment process tested in virtually every market environment.
- PIMCO's global investment process promotes fresh ideas and differing points of view.
- We innovate to provide clients with an edge, assessing shifting risks and opportunities to build forward-looking solutions.
Equal Opportunity
- PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion, sex, sexual orientation, gender, age, military or veteran status, disability, or any factor prohibited by law.
- The company affirms its policy and practice to support and promote equal employment opportunity and affirmative action in accordance with all applicable laws.
- PIMCO also prohibits discrimination on other bases such as medical condition or marital status under applicable laws.
- PIMCO is an Equal Employment Opportunity/Affirmative Action employer.
- We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures.
- Applicants with difficulty using our online system due to a disability may contact 949-720-7744 for accommodation assistance.
