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Fund Development Associate/Sr. Associate

Location
Austin, Texas
Job Type
Permanent
Posted
8 Sep 2022
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 $2.2 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:

The Fund Development team coordinates and oversees the fund event process, including the project and workflow management of fund launches, liquidations, and mergers. As a member of the Fund Development team, you will work cross-functionally, from the beginning of a transition event to the end, in areas from internal governance, fund legal documentation, account and vendor setup to funding. You will eventually own the fund event process, and your efforts will help ensure that fund transitions are successful and that risks are managed proactively. You will also work on continuous improvement projects that enhance operational efficiency and reduce risk, utilizing business intelligence, low code applications, and other technology tools.

This role may be based in Austin, TX, or Newport Beach, CA.

About You
If the following describes you, let's talk!
  • You challenge the status quo - rejecting "good enough" and resourcefully imagining new ways to build a better mousetrap
  • A "big picture" thinker - grasping how projects support business objectives and how you play a meaningful role in our success
  • A problem solver - quickly gaining clarity on desired outcomes, understanding root problems, and identifying the best solutions
  • A standout teammate - enjoying helping others perform at their best and achieve their fullest potential
  • Intellectually curious - beyond just knowing the answer, you want to understand the "why" behind the answer
  • Thrives in a fast-paced environment - staying organized while juggling multiple priorities concurrently
  • Self-motivated - raising a high bar for yourself and reaching beyond the bare minimum of what's required
  • Have a keen attention to detail - you've already identified two typos in this job description
  • Share PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, which allow us to bring the best to our clients and each other


Responsibilities
  • Participate in and eventually lead the project management of new fund launches and existing fund liquidations by working with product strategists, client managers, approval committees, legal counsel, and fund service providers
  • Facilitate the planning and implementation of change events such as fund mergers, new share classes, and modifying product characteristics (e.g. changing investment guidelines)
  • Assist in developing product policy by researching/advising on implications of decisions
  • Research requests for information on business, operational, and legal/regulatory issues relating to fund products
  • Improve and update tools and controls designed to support product development
  • Monitor and evaluate existing products
  • Other ad hoc projects as assigned


Position Requirements:

  • Minimum of a Bachelor's Degree, preferably in Business, Engineering, Computer Science or related field
  • Minimum 4 years' experience in project management Preference given to those with experience in fund administration, institutional/fund onboarding or related professions
  • Experience with CITs or 3(c)11 funds is preferred, but not required
  • Highly comfortable working across geographical boundaries, including Europe, Asia and the U.S.
  • Track record of automating business processes utilizing workflow automation, business intelligence or other productivity tools


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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Details

  • Job Reference: 707224883-2
  • Date Posted: 8 September 2022
  • Recruiter: PIMCO
  • Location: Austin, Texas
  • Salary: On Application
  • Sector: Sales & Marketing
  • Job Type: Permanent