Alternative Fund Finance Manager - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

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.

The Alternative Funds at PIMCO total approximately $35 billion across multiple strategies and multiple vehicle types (open and closed-end funds and strategic mandates).

The Alternative Funds Finance Team is responsible for the overall financial accounting andcontrol, tax structuring and compliance, operations, and investment partner and third party service provider oversight.

The Team collaborates across multiple PIMCO business divisions including Product Strategy, Account Management and Portfolio Management andreports to the Executive Office.

The 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 finance and accounting of a selection of open-ended andhybrid funds. The role supplements the existing team as a result of new product growth and complexity. The role requires a highly proficient accountant with alternatives experience to manage complexities of diversified open-end and hybrid funds.

Exposure toalternative investments types include private credit, fixed income, derivatives, commercial and residential real estate equity and debt, bank loans, subordinated debt, preferred and common equity in privately-held companies, as well as structured productsand other unique securities.

The PIMCO Alternatives business continues to evolve and the right resource is critical to handle this change and control for information requirements to meet the ever growing demands of our stakeholders.

This is a unique opportunity to join a growing team atone of the largest asset managers in the world.

Responsibilities:

Support the Finance team 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 redemption feature.
Serve as a junior controller with responsibility for complete financial accounting, reporting and operational facilitation for a subset of openended and hybrid funds. Oversee the thirdparty Fund Administrator in the completion of relevant activities.
Oversee the monthly NAV close process performed by the Fund Administrator focused on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
Review the key financial information for investor deliverables (investor reports, capital account statements and annual audited financial statements).
Contribute to the management and oversight the funds' administrator through SLAs/critical metrics and site visits.
Assist with fund expense process and oversight.
Manage the external audit, regulatory reporting and other reporting requirements.
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 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 fund controller, operations team and administrator.
Monitor and maintain illiquid investments for financial accounting and reporting, including complex security accounting and income recognition, valuation and performance.
Work with the tax and legal teams to lead all aspects of the design and setup of investment structures for private equity, real estate and other illiquid investments.
Responsible for negotiation of certain aspects of key contracts with new investment partners and service providers.
Oversee the US jointventure level external audits from the funds perspective.
Oversee the completion of various regulatory and other reporting requirements.
Lead the coordination and project management of various team projects and initiatives.

Requirements:

Target range of 35 years of experience in financial accounting, audit or finance function for an alternative investment manager
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 alternative fund structures
Experience with external audit processes and procedures
Knowledge of accounting principles including US GAAP and Investment Company Accounting
Bachelor's degree with a major in Accounting or Finance
Active or Desired CPA license
Ability to work in a fast paced, deadline driven environment
Good quantitative/analytical and problem solving skills
Highly organized, proficient at time management / project management
Keen desire to learn and quickly absorbs new knowledge
Excellent written /verbal communication skills
Able to balance a sharp focus on details with an awareness of the bigger picture
Foster a sense of teamwork, assisting others when needed/required

Equal Employment Opportunity and Affirmative Action Statement