Associate, Pricing

PIMCO Europe Ltd.; Newport Beach (CA); On-site; USD 87,000 - 93,000; Full time

Job summary

PIMCO Europe Ltd. in Newport Beach, CA is hiring an Associate in Pricing to perform daily security price validation across fixed income, derivatives, and related assets.

You will monitor price QA checks and interact with PMs, pricing vendors, and custodians to resolve discrepancies and support audits. The role requires a Bachelor’s degree (MBA/CFA a plus) and strong SQL, Python, and Excel skills, with exposure to Bloomberg Terminal and pricing workflows.

Qualifications

• Bachelor’s degree in Economics or Finance preferred, MBA/CFA a plus.
• Experience with pricing vendors, PM/trading desk engagement, Bloomberg terminal, and fund audits is preferred.
• Strong SQL, Python, and MS Excel skills are highly desirable.

Responsibilities

• Daily security price validation and discrepancy resolution for fixed income, derivatives, and related assets.
• Develop and enhance pricing QA checks and pricing workflows.
• Collaborate with front office and external vendors to resolve pricing inquiries and improvements.

Skills

SQL

Python

MS Excel

Communication skills

Education

Bachelor's Degree

MBA/CFA a plus

Tools

Bloomberg Terminal

Pricing Vendors

Job description

## Associate, PricingApplylocations: Newport Beach, CA USAtime type: Full timeposted on: Posted Todayjob requisition id: R106320PIMCO 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.The Pricing Team is responsible for the day-to-day implementation of PIMCO’s Pricing Policy which describes the procedures and responsibilities related to the valuing of securities and other assets held in client portfolios, including registered funds, private funds, and separate accounts. The Pricing Team’s primary responsibility is the daily pricing of all the different asset types that PIMCO trades, including fixed income products like corporate bonds, municipal bonds, CMOs, and ABS, as well as complex derivatives related to swaps, options, FX, equities. To fulfill this responsibility, the team performs pricing accuracy testing, vendor comparisons, anomaly detection, price move research, and risk control functions to ensure that PIMCO’s assets are priced accurately and timely. The team primarily utilizes data from pricing vendors, including ICE Data Services, Bloomberg (BVAL), PricingDirect (PDI), S&P Global (Markit), and LSEG Data & Analytics (Refinitiv), among others, and interacts closely with these vendors on pricing challenges/inquiries, market updates, and technical support.The Pricing Team interacts with many different internal and external teams, having to respond to a high volume of inquiries, including communicating with PIMCO’s Portfolio Managers to gain market insights/color and to help resolve pricing discrepancies. Other teams include the Valuation Team on Alternative Assets, Legal/Compliance, Risk/Analytics/Performance teams, Account Managers, Auditors, Clients, Fund Treasury team, Custodian Banks/Fund Admins, Index/Benchmark team, Asset Set Up/Security Master, Due Diligence/Enterprise risk teams, our back office service provider, and Technology teams.In addition to conducting its daily operations related to pricing, the Pricing Team regularly presents valuation matters to the Pricing Committee and related Sub-Committees, as well as presenting to the Valuation Oversight Committees related to PIMCO’s 40 Act Fund Boards.**Core Responsibilities:*** Daily security price validation by researching and resolving discrepancies as it relates to fixed income, derivatives, equity, ETF, FX, and commodity prices* Monitor, execute, enhance, and create new daily price quality assurance checks* Answer pricing related inquiries from internal and external stakeholders, including interaction with front office Portfolio Management team, pricing vendors, and Custodian banks* Conduct security pricing reviews related to financial audits* Assist in managing service providers that provide daily support functions related to daily production activities related to pricing securities* Create new and enhance existing workflows related to pricing responsibilities* Write business requirements for the technology teams to enhance our pricing applications**Position Requirements:*** Minimum of a Bachelor’s Degree, preferably in Economics or Finance; MBA/CFA or in program is a plus* Relevant professional work experience within the financial services industry* Familiarity with basic fixed income products is recommended, but experience with complex derivatives (e.g. caps/floors, commodity index swaps/forwards, FX options/swaps, forward rate agreements, interest rate swaps/swaptions, total return swaps) is strongly preferred.* Experience with pricing vendors, PM/trading desk engagement, Bloomberg terminal, and fund audits is preferred* Strong technology skills, including proficiency in SQL, Python, and MS Excel is preferred* Excellent communication skills and the ability to work well in a team environmentPIMCO 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. Salary Range: $ 87,000.00 - $ 93,000.00