Commercial Real Estate Associate Commercial Real Estate Associate …

PIMCO
in New York, NY, United States
Permanent, Full time
Last application, 30 Sep 19
Competitive
PIMCO
in New York, NY, United States
Permanent, Full time
Last application, 30 Sep 19
Competitive
Commercial Real Estate Associate
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 $1.88 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 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:

Commercial Real Estate Team Overview
PIMCO currently invests in real estate opportunities primarily through its BRAVO III, and is in the process of realizing its $5.5 billion and $2.4 billion predecessor funds (BRAVO II and BRAVO I). The firm's U.S. real estate team sources, underwrites, and invests in private and public real estate opportunities, including direct real estate, mezzanine financing, commercial mortgage backed securities, and other real estate related investments. The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure. CRE Associates work closely with senior members of the team to assist in underwriting and executing real estate transactions for BRAVO and other PIMCO investment vehicles.

Location: Newport Beach, CA or New York, NY

Responsibilities


• Develop cash flow projection models with respect to investments, including direct investments, joint ventures, developments, structured finance, and performing/non-performing loan portfolios
• Assist with all due diligence relating to new investments, including the review of business plans, third party reports, title/survey, historical financial statements, leases, vendor contracts, and market research
• Assist with deal execution, including drafting and negotiating acquisition and joint venture term sheets, and reviewing deal documentation
• Assist in underwriting of CMBS bonds
• Procure asset level debt financing and implement hedging mechanisms as necessary
• Support asset management of fund investments, including developing and executing business plans, and managing relationships with joint venture partners and third party service providers
• Monitor and analyze the financial performance of investments
• Create and maintain portfolio models as necessary
• Prepare detailed Investment Committee memos and presentations
• Support the development of new business initiatives in commercial real estate for PIMCO

Position Requirements:

Requirements



• 1-3 years of relevant real estate investment banking, private equity experience or direct commercial real estate operator/developer experience. Asset-level underwriting experience highly preferred.
• Exceptional financial modeling skills and proficiency in Argus
• Outstanding academic credentials and demonstrated leadership capabilities
• Strong work ethic and integrity; candidate should be a team player who is proactive and self-motivated
• Strong analytical, interpersonal communication, and writing skills
• Ability to work effectively on multiple projects simultaneously

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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