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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.
Are you a highly motivated and intellectually curious professional looking to make a significant impact? PIMCO's Client Billing department is seeking a dynamic Associate to join our team of revenue experts. Our department specializes in three key areas: Billing, Reporting, and Cash Applications, and is responsible for calculating, invoicing, and collecting separate account revenue across all entities. As a Associate, you will have the unique opportunity to:
Play a Meaningful Role: Provide superior service to our clients and identify high-impact process improvements that drive business results. Utilize Analytical Skills: Utilize your analytical skills to handle intricate billing scenarios and leverage data to make informed billing decisions. Innovate with Technology: Work on cutting-edge technology projects to develop best-in-class solutions.
We value integrity, the ability to thrive under pressure, and a collaborative approach. This opportunity offers an engaging experience where you can immerse yourself in diverse and bespoke tasks with increasingly progressive responsibilities. As PIMCO continues to evolve, you may encounter new revenue-generating opportunities, allowing you to grow and potentially develop into a subject matter expert within the team. Location Newport Beach, CA. About You If the following qualities describe you, we want to hear from you!
Strong quantitative, analytical, and problem-solving skills. Ability to deliver on assigned responsibilities with attention to detail and effective interpersonal and communication skills. Flexibility to adapt to shifting priorities, manage deadlines, and support initiatives in a fast-paced environment. A curious self-starter with the ability to quickly learn new processes, concepts, and skills. Ability to balance attention to details with an understanding of the bigger picture. Openness to feedback and a commitment to continuous personal and professional development. High level of responsiveness to inquiries, ensuring clear and timely communication with team members and management. Capable of understanding scenarios and conveying them in a simplified manner to both internal and external teams. Demonstrates initiative in personal and professional development by participating in internal and external learning opportunities such as workshops, training programs, and independent research. Committed to PIMCO's values: Collaboration. Openness, Responsibility, and Excellence that allow us to bring the best to ourclients and each other.
Responsibilities The key responsibilities include, but are not limited to:
Calculate and produce specialized fixed and incentive investment management fee invoices according to the terms of legal agreement(s) of medium to high complexity, approximately 300 per quarter, ensuring impeccable accuracy against established KPIs. Provide accurate monthly revenue calculations to our accounting partners for booking into the company's general ledger under tight deadlines and deliver comprehensive variance analysis on month-over-month net accruals for accounts that fall out of tolerance. Collect and analyze internal management reports for accuracy and completeness, performing independent and comprehensive analysis on delta reports. Support our clients by responding to and resolving inquiries (both written and verbal) with urgency and precision. Maintain a strong knowledge base of our operational processes and procedures, applying them independently and consistently to ensure high quality and efficiency in the work. Resolve billing issues promptly and efficiently in collaboration with Management. Continuously improve the accuracy and efficiency of the billing process through automation and workflow redesign, leveraging technology for scalable solutions. Coordinate with global colleagues in Legal, Account Management, Finance, and other parties to resolve billing issues promptly and efficiently. Independently manage and prioritize tasks with minimal guidance; demonstrate ability to handle multiple responsibilities and deliverables simultaneously. Identify, escalate, or resolve potential risks.
Position Requirements
Minimum of a bachelor's degree in mathematics, Finance, or Accounting. Minimum of 3 years of progressive experience in accounts receivable, accounting and/or operations. Applied knowledge of accounting fundamentals and/or Investment Management Industry knowledge. Possess intellectual curiosity and strong analytical and critical thinking skills, including the ability to effectively and autonomously problem-solve and resourcefully research. Apply a sense of urgency and ability to work under pressure in a fast-paced and demanding environment, balancing numerous priorities, and challenging deadlines. Strong written and verbal communication skills with the ability to engage professionally and succinctly with all levels, across the firm. Works with an elite sense of accountability, integrity, ownership, mentoring and sharing best practices with team members. Proficiency in Microsoft Office Suite, including Excel and Outlook.
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.
Hourly Rate Range: $ 31.25 - $ 38.46
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.
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PIMCO Ltd. - Pacific Investment Management Company
Nov 13, 2024