Portfolio Manager, Private Credit Portfolio Manager, Private Credit …

PIMCO
in Newport Beach, CA, United States
Permanent, Full time
Last application, 22 Jul 21
Competitive
PIMCO
in Newport Beach, CA, United States
Permanent, Full time
Last application, 22 Jul 21
Competitive
Portfolio Manager, Private Credit
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.21 trillion in assets for clients around the world. PIMCO has over 3,025 employees in 20 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world’s premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

PIMCO has developed a robust $47+ billion alternatives platform. With over 15 years of alternatives experience, PIMCO has incorporated the firm's investment discipline and unique sourcing capabilities with alternatives-specific talent and resources. PIMCO offers a diverse set of hedge fund, risk premia, private credit and real estate strategies that emanate from core PIMCO capabilities across global macro, quant, commodities, credit, residential and commercial real estate markets.

PIMCO is seeking a senior Portfolio Manager to join its growing private credit team, to be based in either our Newport Beach, CA or New York office . This individual will be directly involved in sourcing, evaluating, underwriting and managing of private credit investments. This individual will interact across our investment organization; including Portfolio Management professionals within our private credit alternatives platform, as well as across the firm's corporate research group.

Responsibilities
  • Source and evaluate new transactions, pre-screen transactions, conduct due diligence, prepare credit approval memos, pitch transactions to credit committee in order to obtain credit approval, negotiate and review legal documentation, and participate in deal closing
  • Manage portfolio accounts - monitor performance and covenant compliance, prepare periodic/annual reviews, examine amendments and waiver requests, provide performance updates to managers, identify and act on warning signals, participate in portfolio reviews


Position Requirements:

  • 8-15 years of relevant work experience; prior experience should ideally include an investment banking analyst program, with a focus on leveraged finance or restructuring
  • Minimum 5 years of experience in leveraged finance/middle market lending or leading the underwriting and execution effort on debt transactions at commercial banks
  • Must have private markets experience
  • Prior experience leading negotiations of credit agreements/legal documentation
  • Ideally some buy-side experience in a private markets capacity would be preferred
  • Strong prior experience in credit analysis and financial modeling
  • Strong academic credentials and achievement
  • Experience managing tasks with minimal direction and an ability to make preliminary decisions in a short timeframe
  • Good communicator, strong written and oral presentation abilities; needs to be persuasive and credible


Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being 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


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