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Fund Finance Associate/Senior Associate

Company: CFA Institute
Location: Newport Beach
Posted on: September 17, 2022

Job Description:

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 $1.8 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 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: We are seeking a Fund Finance Associate/Sr. Associate to join our Fund Finance team. In this role, you will have two areas of focus:

  • Learning and mastering PIMCO's intermediary payments process while ensuring timely and accurate payment to PIMCO's largest clients, and
  • Being an agent for change and continuous improvement-providing meaningful contributions to streamlining and automating current workflows and processes while improving financial controls. The incumbent will have a strong background in mutual funds, specifically with operational/back-office, transfer agent and/or sub-transfer agency, distribution fee and revenue sharing experience, and proven project management and process improvement skills. This position requires strong written and verbal communication skills as there will be regular interactions with all levels of colleagues at PIMCO. This position may be based in Austin, TX, or Newport Beach, CA. Relocation assistance will be provided. About You:
  • You challenge the status quo by asking "why" and identifying new and better ways of doing things
  • Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
  • Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
  • Proven track record to deliver on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
  • You seamlessly adapt to shifting priorities and enjoy working with ambiguity
  • A standout teammate who builds positive relationships and collaborates across multiple functions and/or levels of a globally diverse organization, including outside service providers
  • Track record of building credibility and trust through consistent behavior, high integrity, and judgment
  • Intellectual curiosity, a dedication to professional development, an ability to learn, and an interest in staying on top of emerging trends
  • Self-motivated and thrive in a fast-paced environment
  • High emotional intelligence, are flexible, and resilient
  • Proven record navigating unstructured processes and simultaneously handling responsibilities with multiple, exciting demands
  • Encourage a positive work environment and culture for all employees Responsibilities: The role will be responsible for understanding, reviewing, and properly accounting for expenses relating to financial intermediaries that distribute and service PIMCO mutual funds, and will include:
    • Reviewing and understanding contractual fee arrangements to ensure they are in line with our fee guidelines and meet our invoicing requirements
    • Analyzing computations and payment amounts for accuracy and proper accounting
    • Managing the payments made to financial intermediaries, ensuring proper set-up with our vendor, completeness, accuracy, and timeliness per new/existing agreements and internal metrics
    • Reviewing and submitting for approval 12b-1, Sub-TA, and marketing support invoices
    • Regularly interfacing with, directing, and overseeing external vendors who provide initial review and validation
    • Collaborating with various groups within PIMCO, such as legal and client-facing, to discuss, analyze, and manage the economics of new and amended financial intermediary agreements
    • Providing management with reporting/insights into drivers of expenses, trends over time, and "what if calculations" for proposed changes in economic terms
    • Driving continuous improvement in all financial processes, leveraging technology and resources for efficiency, enhanced controls, and effectiveness
    • Developing an understanding of our current processes and implementing and/or recommending ways to improve them
    • Preparing and reviewing financial analysis and metrics
    • Other responsibilities as our business grows and evolves Position Requirements:
      • Minimum of a Bachelor's Degree in Finance or Accounting preferred; an MBA, CPA, or CFA a plus
      • 2-5 years of relevant experience (transfer agency, intermediary payments, mutual funds, accounts payable)
      • Experience in accounts payable/billing department in a financial firm preferred (e.g., BlackRock, Fidelity)
      • Strong quantitative skills
      • Controls-minded to identify and improve processes and mitigate risk
      • Proficiency in Microsoft Excel (required); OBIEE, SAP, a plus; SQL queries and VBA macros preferred 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

Keywords: CFA Institute, Newport Beach , Fund Finance Associate/Senior Associate, Accounting, Auditing , Newport Beach, California

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