Alternatives Operations Sr. Associate

About the role

We are seeking a Senior Associate, Alternative Operations, to support the firm’s Special Situations Group (SSG) and Insurance-Likened Strategies (ILS).

Responsibilities

• Support SSG and ILS portfolio managers with settlement oversight and full lifecycle management of private and originated loan trades, including loan-based financing and preferred equity.
• Provide day-to-day operational coverage for SSG and ILS portfolio managers. Including deal settlement, funding coordination, wire instruction updates, and cash movements.
• Serve as an escalation point and provide oversight for outsourced service providers performing back-office functions such as settlements, asset setup, waterfall calculations, P&I processing, cash and position reconciliation, document custody storage, etc.)
• Review and interpret credit agreements to understand and operationalize key terms, including accrual mechanics, indices, payment schedules, and maturities.
• Respond to detailed loan-level questions (e.g., principal balances, accrual calculations, payment timing) from internal stakeholders and client-facing teams.
• Educate service providers and internal partners on deal mechanics and structuring. Support loan amendments and other non-standard lifecycle events through accurate operational execution.
• Partner with Account Managers, who are the primary client-facing contacts for insurance and reinsurance investments, by supporting trade booking inquires and reporting needs.
• Participate in monthly activity reviews with select clients, as required.
• Work closely with the Alternatives Finance team on cash management requirements related on fund development and deal facilitation issues.
• Enhance controls and oversight for non-standard alternative transactions across PIMCO.
• Support the operational aspects of bespoke loan financings and Separately Managed Accounts (SMAs).
• Manage cross-functional projects focused on process improvement, including Appian workflow development scenarios.
• Liaise with vendors, custodians, and banking institutions to support service enhancements and new product solutions.
• Participate in special projects.

Requirements

• Minimum of a bachelor’s degree required.
• Minimum five (5) years of relevant operational experience across private and direct originated debt and/or equity.
• Strong knowledge of loan-based products, including term loans, revolvers, delayed draws, and privately originated debt/equity.
• Experience should encompass loan setup, interest calculations, amendments, restructuring, loan agency functions, and the loan settlement process, including complex deal structures and control/pledge agreements.
• Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, communications with service providers to ensure deal facilitation, etc.
• Experience working with transfer agents (e.g. restricted shares, etc.).
• Exposure to SMAs, private equity and hedge fund organizational structures; frameworks from booking and settlement through accounting and maintenance of deals post-settlement.
• Alternatively, experience with distressed debt or corporate loan operations.
• Exposure to alternative investments and financing arrangements (e.g., purchase and sales agreements, loan set up and settlement processes, amendments, waterfalls, Total Return Swaps (TRS), etc.).
• Familiarity with private equity fund frameworks, covering the entire process from booking and settlement to accounting and post-settlement maintenance.
• Proven experience in managing relationships with custody and accounting service providers for supported products.
• Understanding of the accounting implications when recording lifecycle events, including principal and interest (P&I), expenses, and capital contributions/distributions.
• Ability to extract key terms from credit facility documentation and articulate deal structuring effectively.
• Good understanding of fund accounting across various complex asset classes.
• Proven track record in managing complex securities and processing tasks, particularly with financing instruments and strategies.
• Proficient in Excel, with the capability to efficiently analyze large data sets.

Pay

$ 125,000.00 - $ 140,500.00

Schedule

N/A