Stable Value Product Strategist, VP

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.

Position Overview

PIMCO Product Strategists are investment professionals that specialize in a strategy area or market sector. They are recognized internally and externally as experts in their areas. Strategists at PIMCO lead new business development efforts; focus on long-term strategic positioning, while seeking to capture near-term demand opportunities. Strategists seek to position PIMCO for sustained high growth rates and attractive levels of profitability, diversifying PIMCO’s business by sub-product, investor type, and/or region. Strategists use their highly specialized knowledge to lead all strategic aspects of that strategy area, akin to running a focused business unit within PIMCO. Typical Product Strategist teams are 3 to 7 people in size, split between senior Product Strategists and junior Product Associates and Analysts who provide reporting and analytical support.

The stable value market is a $900 billion market and a key initiative within PIMCO’s DC Solutions. PIMCO has a stable value footprint of more than $29 billion in assets, covering three primary market segments: separately managed stable value funds, fixed income sub-advisory for stable value, and a multi-plan CIT stable value fund.

PIMCO is seeking an experienced Stable Value Strategist to join the team. The person filling this position will be expected to effectively grow our existing business and also identify and pursue new business opportunities. The Stable Value Specialist will interact directly with third parties in the stable value business to develop relationships, negotiate preferred contract terms, and perform ongoing due diligence. In addition, the Stable Value Specialist will provide client-servicing activities for existing clients and stable value contract providers, along with general support for the business. The Stable Value Specialist will work closely with senior stable value professionals, and will maintain effective relationships with internal staff and external market professionals, including consultants and stable value counterparties.

Strategist Responsibilities:

• Represent PIMCO’s stable value strategies to a range of Defined Contribution clients along with consultants and intermediary clients to drive business development.

• Partner with client-facing PIMCO professionals to service and grow our existing business.

• Accompany client facing professionals in client meetings to provide updates on the stable value market and act as the portfolio management team’s proxy in detailing investment strategy, performance, and individual investment rationale.

• Develop a strong partnership with the portfolio management and analyst teams in order to be a credible and highly effective PM substitute, serving as the product expert to relationship managers and marketers.

• Develop marketing, servicing and educational materials, including marketing and servicing presentations, monthly commentaries, quarterly investor reports, white papers, and respond to audit requests, consultant and client RFIs, RFPs, and questionnaires.

• Collaborate with marketing, client facing, consultant relations and other functional groups to pursue new business opportunities.

• Help manage PIMCO's partnership with wrap providers.

• Work with internal and external counsel to enhance stable value contract terms, lead development of contract templates with new counterparties, and perform ongoing due diligence of wrap providers. 

• Understand business/client needs and customize stable value contract terms to fit objectives.

• Perform managerial, administrative, and operational stable value functions, such as rate reset processing, trade processing, data and information compilation, reporting to clients and other business partners, and the review and documentation process of book value term sheets, contracts, and amendments.

• Monitor client asset allocation strategies, oversee portfolio compliance with investment guidelines, and review client reports. Enhance systems and audit processes to ensure the timely and accurate management, processing, and storage of information regarding all aspects of the stable value portfolios.

• Complete other ad hoc duties related to the day-to-day management of stable value portfolios.

Requirements

• 6 - 10 years of stable value experience

• Understanding of macroeconomics, and fixed income fundamentals

• Enthusiasm for the financial markets and investment management. Aptitude in analyzing and communicating portfolio strategy and risk factors

• Exceptional verbal and written communication skills. Aptitude for public speaking in both formal and informal settings, in front of a variety of types and sizes of audiences

• Entrepreneurial drive to build a business coupled with the ability to be a cooperative team player

• High level of organizational skills and the ability to prioritize work according to business needs

• Clear commitment to PIMCO’s culture, values and investment approach

• MBA or CFA preferred

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.