Associate, Cash Desk

LGBT Great; Greater London; Hybrid; GBP 70,000 - 95,000; Full time

Job summary

PIMCO, a global leader in fixed income, seeks a Cash Desk professional based in London with exposure to European operations. You will manage cash across client accounts, optimize liquidity, and support Portfolio Managers with accurate cash projections.

The role offers interaction with clients, vendors, and custodians and opportunities to enhance controls and automation. The role requires a finance-related degree, strong analytical skills, and English proficiency.

Qualifications

• Bachelor’s degree or equivalent in Finance, Economics, Business, Mathematics or similar.
• Experience in asset management, investment operations, cash or liquidity management is desirable.
• Exposure to cash forecasting, reconciliations, trade lifecycle management or fund operations would be advantageous.
• Strong numerical and analytical skills with attention to detail.
• Excellent spoken and written English communication.
• Willingness to work shift patterns including early start/midday shifts.

Responsibilities

• Partner with Short-Term Desk to manage cash across accounts.
• Monitor cash positions and adjust throughout the day for accurate data.
• Collaborate with Portfolio Managers and Account Managers on cash contributions/withdrawals.
• Manage fund and trust cash movements to support projections.
• Identify risks and drive process improvements and automation.
• Improve reports, tools and workflows through automation.
• Provide timely responses to internal and external queries.
• Oversee account lifecycle from cash management perspective.
• Contribute to continuous improvement of cash management processes.

Skills

Cash forecasting

Reconciliations

Trade lifecycle

Excel

SQL

Python

Analytical thinking

Communication

Education

Bachelor's degree in Finance/Economics/Quantitative field

Tools

Excel

SQL

Python

Job description

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

The European Cash Desk manages cash and liquidity across PIMCO client accounts supporting Portfolio Managers in Europe, Asia and Australia. Working closely with Portfolio Management, the team helps optimize liquidity, invest excess cash and raise cash to meet portfolio and client requirements.

Based across London and Munich, the team also manages daily cash flows and provides accurate, timely cash information to the investment desks.

The role offers broad exposure to the investment management process and regular interaction with Portfolio Managers, Account Managers, clients, vendors and custodian banks, alongside opportunities to enhance processes, controls and automation.

Key Responsibilities

• Partner with the Short-Term Desk to actively manage cash across relevant accounts.
• Monitor cash positions and manage adjustments throughout the day to maintain accurate information for the investment desks.
• Work with Portfolio Associates, Portfolio Managers, clients, KVGs and Account Managers on client-directed cash contributions and withdrawals.
• Manage fund, segregated account and trade lifecycle cash movements to support accurate cash projections.
• Identify potential risks within existing processes and controls and implement appropriate enhancements.
• Identify opportunities to improve reports, tools and workflows through increased automation.
• Provide accurate and timely responses to ad hoc queries from internal and external stakeholders.
• Manage the account lifecycle from a cash management perspective, including transitions, closures and new account setup.
• Contribute to the continuous improvement of cash management processes, controls and workflows.

Requirements

• Bachelor’s degree or equivalent, ideally in Finance, Economics, Business, Mathematics or another quantitative discipline.
• Relevant experience within asset management, investment operations, cash or liquidit
• management, fund operations, portfolio support or a related financial services environment.
• Exposure to cash forecasting, reconciliations, trade lifecycle management, fund operations or investment portfolio processes would be advantageous.
• Good understanding of financial markets and investment products, with an interest in developing deeper knowledge of portfolio and liquidity management.
• Strong numerical and analytical skills with excellent attention to detail and accuracy.
• Strong Excel skills, including experience writing and debugging complex macros.
• SQL, Python and/or other process automation experience would be advantageous.
• Comfortable working with large volumes of data, investigating discrepancies and solving problems.
• Ability to organize and prioritize effectively and deliver accurately under strict deadlines.
• Strong written and verbal communication skills, with the ability to build effective relationships with a broad range of internal and external stakeholders.
• Proactive and adaptable, with a strong control and process-improvement mindset.
• Excellent written and verbal English communication skills.
• Willingness to work alternative shift patterns of 7:00am-3:00pm one week per month and 9:30am-7:00pm.

Equal Employment Opportunity and Affimative 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.