2027 Summer Intern - Alternatives Investment Operations Intern
About the role
PIMCO is a global leader in active fixed income, with a total return approach to fixed income investing since 1971. As active investors, we aim to create opportunities and deliver superior investment returns, solutions, and service to our clients. Our people drive our organization through a high-performance inclusive culture rooted in our CORE values: Collaboration, Openness, Responsibility, and Excellence.
Internship positions are located at PIMCO’s Newport Beach, CA Headquarters or PIMCO’s New York City office.
Eligibility
- Pursuing an undergraduate degree
- Must be able to begin full-time employment from a PIMCO office between January 2028 – August 2028
- Must be enrolled at a university during the Fall 2027 semester (August 2027 – December 2027)
- Minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or equivalent) at an accredited 4-year college or university
- Business-proficient in English
You’ll excel as an Alternatives Investment Operations Intern if you:
- Enjoy working collaboratively across the organization to resolve issues
- Have outstanding analytical and problem-solving skills
- Have well-refined communication skills and can articulate ideas and strategies clearly, both verbally and in writing
- Can work effectively on multiple projects simultaneously
Preferred qualifications
- Knowledge of loan-based products, private equity and/or real estate
- Legal and/or compliance experience
- Product and/or project management-related experience
- Demonstrated curiosity and experience using emerging technologies and AI tools in work or school projects to solve problems and drive better outcomes
About the Alternatives Investment Operations team
Since launching its first opportunistic credit vehicles over 15 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities through fundamental and capital structure analysis, as well as strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.
Responsibilities
- Trade Support & Settlement: Support trade execution, settlement, and lifecycle events for alternatives transactions across debt, private equity, real estate, and other non-traditional assets
- Asset Onboarding & Data Integrity: Assist with the setup, maintenance, and validation of alternative investment assets, legal entities, counterparty details, and related reference data to support accurate downstream processing
- Cross-Functional Coordination: Collaborate with Portfolio Management, Legal, Compliance, Finance, custodians, trustees, administrators, and other internal and external partners to resolve operational issues and support timely execution
- Process Improvement & Controls: Contribute to initiatives that improve operational efficiency, strengthen controls, reduce risk, and enhance the scalability of PIMCO’s alternatives platform
Internship experience
- 10-week program running from early June to mid-August; full participation expected
- Week 1 includes PIMCO Fundamentals Training to build skills, knowledge, and relationships
- Participate in PIMCO’s Global Month of Volunteering
- Cross-divisional education, networking, and social events
- Supervisor, peer mentor, senior leaders, and team provide guidance and mentorship
- Hands-on experience with AI-powered tools from day one
- Mid- and end-of-summer feedback as part of a formal review process
Compensation
- Hourly rate: $43.26
- Competitive compensation package with a transition bonus to assist with relocation