Cash Desk Senior Associate

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

The Cash Desk is one of the key operational units at PIMCO. We are responsible for managing cash, reporting client cash flows, and providing internal cash forecasts in all client accounts, mutual funds, and hedge funds. Our team works closely with the Portfolio Management group to ensure projected overdrafts are covered and facilitates the investment of excess cash into liquid securities. We interact regularly with a diverse group of professionals, including portfolio managers, account managers, all internal operations groups, clients, State Street IMS, and custodian banks. We are currently looking for a talented and motivated individual to fill this role in either our Newport Beach or Austin office.

Required hours for the role are 5:00 AM-3:30PM local time, subject to change

Responsibilities

• Monitor the cash management process with its multiple adjustments and iterations throughout the day
• Work with the Short-Term traders to ensure accurate investment of excess cash and execution of the necessary funding actions for cash shortfalls and liquidity raising
• Take the lead or assist in projects crafted to build openness with our partners and improve current processes through increased automation
• Generate and analyze daily management and audit reports for Cash Flow Reporting and Cash Forecasting
• Work with Clients, Account Managers, and Portfolio Management Group in regard to client directed cash contributions and withdrawals
• Recognize areas of potential risks within the current processes and procedures and make necessary changes to mitigate those risks
• Work with custodians and accounting group in reconciling cash balances and resolving discrepancies
• Provide accurate and timely responses to the multiple ad hoc queries we receive daily from diverse internal and external stakeholders

Requirements

• Bachelor’s Degree required, preferably within a major in Business, Finance, or Economics
• Minimum 3 years of professional experience within Financial Services, Asset Management, Operations or Accounting
• Intermediate Microsoft Excel skills (e.g., v-Lookup, formulas, writing/running macros in, SQL, VBA)
• Strong accuracy and attention to detail

Preferred Qualifications

• Prior cash management experience desirable
• Understanding of trade flow and trade processing
• Strong technical skills and experience with systems development

Professional Skill Requirements

• You are proactive, have excellent interpersonal skills (verbal and written) and can seamlessly face off across all levels of an organization
• You have outstanding attention to detail coupled with strong time management and organization skills
• Quick learner and adaptable to learn new processes, concepts, and skills
• You have a high level of emotional intelligence, are flexible and resilient
• You are a hard-working and motivated self-starter who takes ownership of your work quality and enjoys continuous improvement
• Shown competence in thinking strategically, analytically, conceptually and innovatively, including the ability to synthesize and analyze data quickly and effectively
• Experience in a global organization with extensive global coordination and leveraging of global processes
• Ability to multi-task, work in a fast-paced environment and balance multiple priorities
• You are an analytical problem-solver with the ability to promote your own ideas and solutions
• Proven ability to navigate unstructured processes and simultaneously handle responsibilities of multiple challenging demands

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.

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.