Alternative Fund Finance, Vp - London, United Kingdom - eFinancialCareers

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London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description
PIMCO is a global leader in active fixed income.

With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing.

In the 50+ years since, we have worked relentlessly to help millionsof investors pursue their objectives - regardless of shifting marketing conditions.

As active investors, our goal is not just to find opportunities, but to create them.

To this end, we remain firmly committed to the pursuit of our mission:
delivering superiorinvestment returns, solutions, and service to our clients.
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.

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 $1.84 trillion in assets for clients around the world.

PIMCO has over 2,700 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trustedadvisor 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 expertiseto 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 aninclusive culture that engages in our global communities.

The Alternative Funds at PIMCO total approximately $35 billion across multiple strategies and multiple vehicle types (evergreen and closed-ended).

The Alternatives Funds Finance Team is responsible for the overall financial accounting, control and reporting;investor reporting; tax structuring and compliance; operations; and investment partner and third party service provider oversight.

The Team works cross-functionally with the Product Strategies, Account Management and Portfolio Management departments and reportsto the Executive Office.

The Alternative Funds Finance Team is seeking to add a dynamic professional with strong investment company and alternative asset accounting experience to the Financial Control Team.

This team member will be responsible for the financial control of a sub-setof private credit funds and will work with the existing team to design and execute an oversight model to ensure accurate and timely financial reporting.

This team member will lead the financial accounting and reporting to all internal and external constituentsof this fund group.

A significant component of this role will be oversight of illiquid investment activity over a diverse asset class range, including commercial and residential real estate equity and debt, bank loans, asset-backed loans and other specialtyfinance structured products, subordinated debt, and preferred and common equity in privately-held companies, as well as fixed income and derivative products and other unique securities.

The role requires a highly proficient accountant with alternatives experienceand product exposure to manage the complexities of diversified hybrid funds.

The PIMCO Alternatives business continues to evolve and this is a unique opportunity to join a growing team at one of the largest asset managers in the world.


RESPONSIBILITIES:


  • Serve as lead Finance team member for a new product launching imminently. This includes responsibility for the setup and operations of a complex fund structure incorporating evergreen fund raising, commitment and call capital structure and slowpay redemptionfeature.
  • Manage the monthly NAV close process performed by the Fund Administrator with a focus on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
  • Control the investment closing process for illiquid assets focusing on the functions of finance, treasury, accounting and reporting. Collaborate and communicate effectively across multiple stakeholders, including portfolio management, tax and legal professionals;in addition to the operations team and thirdparty Fund Administrator.
  • Prepare analysis on fund investment pipeline and liquidity.
  • Responsible for fund treasury and projecting future fund cash flows for the liquidity management process (including, capital calls, distributions and coordination with the financing team).
  • Work with the tax and legal teams to assist in the design and setup of investment structures for illiquid investments.
  • Communicate effectively with the Fund Administrator and other stakeholders to identify and solve issues.
  • Contribute to the management and oversight the Fund Administrator through SLAs/KPIs and site visits.
  • Control the fund expense process.
  • Oversee the external audit, regulatory reporting and other financial reporting requirements.
  • Oversee the completion of various regulatory, debt covenant compliance, and other reporting requirements.
  • Own the financial information for key client deliverables (investor reports, capital statements and annual audited financial statements).
  • Utilize internal and external resources to respond to client, prospective client, and client consultant requests for information in a timely and accurate manner
  • Lead the coordination and project management of various Alternative Funds Finance team projects and initiatives.

POSITION REQUIREMENTS - Target range of 8-12 years of experience in financial accounting, audit or finance function for an alternative investment manager with exposure to credit, real estate, private equity funds or hedge funds

  • Ability to implement accounting and reporting for investment structures for different asset classes
  • Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
  • Exposure to private equity and hedge fund structures
  • Experience with external audit processes and procedures
  • Knowledge of accounting principles including US GAAP and Investment Company AccountingBachelor's degree with a major in Accounting or
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