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 Description
We are seeking a Collateralized Loan Obligation (CLO) Operations Manager to join our Alternative Operations Team. Alternative Operations supports PIMCO’s Alternatives business, which includes complex hedge funds and private equity vehicles. In this role, you will be the primary point of contact for internal and external partners, including portfolio managers, risk and compliance, and service providers, requiring a deep understanding of bank loans, CLOs, and other complex fixed income structures. You will oversee day-to-day operational and client service activities, monitoring controls such as overdraft reports, annual reviews, and outstanding deal compliance.
As aCLO Operations Manager, you will be pivotal in managing CLO operations and risk management, ensuring seamless and efficient processes across our expanding CLO business. You will connect back, middle, and front office operations, establishing and maintaining internal controls to effectively manage compliance and operations in the CLO Warehouse Lending and Securitization business. Additionally, you will review all new CLO Warehousing Lending and Securitization Business documents and participate in special projects to enhance the efficiency and effectiveness of our team.
Location
New York, NY, Austin, TX, or Newport Beach, CA.
About You
If the following qualities resonate with you, we encourage you to apply for this exciting opportunity. At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact:
- Exceptional Organizational Skills and Resourcefulness: You excel in managing multiple projects with your outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully. Self-motivated, you are committed to excellence, demonstrating attention to detail, and possess strong interpersonal and communication skills.
- Adaptability and Collaboration: You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity. Collaboration is key to your approach, as you build positive relationships and work effectively across diverse teams. Your emotional intelligence, adaptability, and resilience equip you to manage unstructured processes and demanding responsibilities successfully.
- Integrity and Continuous Learning: Your actions reflect high ethical standards, integrity, and sound judgment, earning you credibility and trust. An intellectually curious individual, you are dedicated to professional development and staying abreast of industry trends. You contribute positively to the work environment and organizational culture, aligning with PIMCO's core values of Collaboration, Openness, Responsibility, and Excellence.
Responsibilities
The key responsibilities include, but are not limited to:
- Assist business during the warehouse ramp-up phase to the CLO securitization phase.
- Act as a liaison between Portfolio Management, Operations, Legal, Compliance, Accounting, Product Strategy, and Tax on CLO-related inquiries.
- Provide operational guidance on deal documents during the drafting process.
- Attend industry conferences and stay updated on industry trends.
- Serve as project manager for internal/external software implementations related to the CLO business.
- Review models created by shadow compliance agents/trustees per indenture.
- Assist Portfolio Managers in running hypothetical trading analyses to determine asset fit into CLOs based on size, concentration limits, etc., and work with PMs to adjust allocations accordingly.
- Track subjective portfolio/asset attributes specific to PM views or indentures.
- Coordinate and oversee warehouse facilities and CLO deal closings, working closely with PMs, underwriters, placement agents, etc., leading up to the closing date.
- Provide oversight of daily asset, position, and cash reconciliations, ongoing attribute reconciliations with middle office, shadow compliance agents, and trustees.
- Review and approve monthly/quarterly trustee reports.
- Attend weekly CLO Management meetings to discuss pipeline, investment opportunities, and management best practices.
Position Requirements
- Minimum of a Bachelor’s Degree required.
- 5-8 years of experience managing CLO operations directly on behalf of a collateral warehouse manager or managing an outsourced provider running CLO operations, including hands-on experience with:
o Managing hypothetical trading processes.
o Building and reviewing outsourced providers' models for all CLO indenture level tests, criteria, and credit classifications.
o Selecting or reviewing Cov-Lite, Industry Classifications, and Ratings Agency determinations.
o Managing CLO warehouse portfolio ramp-up.
- Full CLO cycle experience – from warehouse to securitization, effective date through post-reinvestment period, and best practices in CLO management.
- Demonstrated knowledge of the syndicated bank loans market, risk retention compliance, and CLO indentures credit agreement experience.
- Prior use of CLO operations systems such as WSO Compliance, Sentry, Solvas, Allvue, Moody’s Analytics.
- Excellent written and verbal communication skills, suitable for client meetings.
- Consistent track record managing CLO operations and managing outsourced providers.
- Good working knowledge of Excel and Bloomberg is essential.
- Understanding of SQL and database query tools is desirable.
Salary Range: $ 135,000.00 - $ 168,000.00
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.
Skills Required
- 5-8 years of experience managing CLO operations directly
- Full CLO cycle experience from warehouse to securitization
- Demonstrated knowledge of syndicated bank loans market and CLO indentures
- Prior use of CLO operations systems such as WSO Compliance
- Excellent written and verbal communication skills
- Good working knowledge of Excel and Bloomberg
- Understanding of SQL and database query tools
PIMCO Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about PIMCO and has not been reviewed or approved by PIMCO.
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Leave & Time Off Breadth — Paid time off is described as generous, with substantial vacation at hire and additional time accruing with tenure. Time away is regarded as a highly important part of the package.
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Healthcare Strength — Health coverage is portrayed as comprehensive across medical, dental, vision, disability, and life insurance, complemented by wellness options such as on-site fitness and health savings accounts. These offerings are consistently characterized as strong.
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Retirement Support — Offerings include 401(k) matching and Roth 401(k), with an employee stock purchase program available alongside tax-advantaged accounts. The breadth of long-term financial benefits is emphasized as a strength.
PIMCO Insights
What We Do
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.
