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Associate, Muni SMA Portfolio Manager

PIMCO Ltd. - Pacific Investment Management Company
United States, California, San Diego
Nov 24, 2024

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Job Description:

We're currently seeking an Associate to join our Portfolio Management team in the San Diego office. This position provides a unique opportunity to gain valuable exposure to the PIMCO Buy-Side investment process, specifically in the municipal asset class; and make a measurable impact in a growing financial services firm with municipal assets under management totaling $54 billion. We are seeking an analytical, motivated professional to be a part of and contribute to the Municipal Separately Managed Account team investment process. In this role, the Associate will report directly to the SVP, SMA Portfolio Manager.

Responsibilities:

  • Execute municipal bond trades and orders across firm wide portfolios

  • Communicate with sell-side traders and desk analysts to synthesize trading data and market color for Senior PMs

  • Monitor and evaluate individual municipal separately managed accounts

  • Apply analytical and credit resources to determine fair market value for securities and find opportunities based on portfolio needs

  • Conducting technical analysis of large sets of market and/or account level data per Senior PMs inquiries

  • Generate and clearly articulate investment ideas over time

Requirements:

  • Strong academic credentials required - qualified candidates must possess a Bachelor's degree from an accredited institution

  • 2-5 years of relevant professional experience

  • Knowledge of fixed income investing with emphasis on municipal bonds a plus

  • Ability to prioritize multiple assignments simultaneously

  • Experience or exposure to one or more of, SQL, Python, R, and/or VBA a plus

  • Proficient in Excel

  • CFA designation or progress towards is a plus

Personal Characteristics:

  • In addition to displaying a strong dedication to PIMCO's culture, values and approach, personal characteristics for this role include:

  • Strong desire to work as a trader and portfolio manager as part of an investment team

  • Strong quantitative skills and ability to identity problems and execute solutions

  • Outstanding communication and relationship building skills necessary for a collaborative work environment

  • Keen desire to learn and develop with the ability to take feedback

  • Have a demonstrated sense of integrity, ability to prioritize and attention to detail

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.
Salary Range: $ 110,000.00 - $ 156,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

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