Job Description:

General Information

Ref #: 30804

Employee Type: Full Time

Location: Solana Beach

Date published: 16-Jun-2021

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:

We have a diverse, hardworking and collegial team of professionals representing different levels of experience across the financial services and asset management industry. Our team environment promotes open communication, ability to collaborate on special projects, opportunities to be challenged while honing your skill set along the way.
As a member of our SMA Operations team you'll have the unique opportunity to partner with our Account Managers who lead all aspects of our client relationships and SEI Investments Company our back-office service provider.
We're committed to the success of our Associates and will provide you with comprehensive training and mentorship from our experienced staff. In addition, you'll have an opportunity for career growth in our dynamic team that we describe as the "gold standard" in client service.
The opportunity:
As a SMA Operations Associate, you will play an integral role in servicing our Separately Managed Account (SMA) business, providing the highest quality support relating to new accounts supervision, and delivering "best in class" service by:

• Managing daily queues for new account restrictions, transfer in-kinds, state preference, strategy changes and work with Account Managers to resolve any issues


• Reviewing daily reconciliation files for PIMCO internal accounting system and communicating with back office for processing


• Generating trade orders for accounts and working with Portfolio Managers and back office to ensure all trades are booked in a timely manner


• Partnering with SMA Portfolio Managers and Trade Assistants to set up new brokers to trade SMA accounts


• Responding to daily inquiries from other internal PIMCO departments regarding SMA accounts


• Monitoring daily account freeze notifications, proxy meetings, claim reports and escalate issues to the appropriate internal teams as needed


• Assisting Portfolio Managers with tax selling process, including downloading cost basis from custodians and coordinating client specific requests


• Reconciling model delivery accounts and communicating model changes internally


• Supporting team with quarterly access review for SMA systems and applications ensuring compliance regulations are met

Position Requirements:

To be successful in this role our qualified candidate will have:

• Bachelor's degree from an accredited 4-year institution


• 2-4 years of experience in financial services, asset management, investment banking or accounting; working knowledge of Operations and Client Service preferred; FINRA registrations are a plus


• Strong interpersonal and problem-solving skills with the ability to work effectively and collaborate in a dynamic, fast paced team environment


• Ability to take direction from multiple parties, work independently, balance multiple deadlines and assignments simultaneously


• Detail oriented, well organized and flexibility to easily adapt to change


• High level of professionalism, exceptional verbal and written communication skills, and a "team" attitude


• Proficiency in Excel, Word, and Outlook

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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