Associate / Senior Associate Pricing

LGBT Great; Newport Beach, Northern (CA, KY); Hybrid; USD 87,000 - 113,000; Full time

Job summary

PIMCO is seeking a Pricing professional to lead daily valuation for fixed income, derivatives and related assets. You will interact with Portfolio Managers, vendors and auditors to ensure accurate pricing and robust controls.

This role emphasizes collaboration across teams and strong technical skills. The candidate should have a Bachelor’s in Economics/Finance, plus experience with Bloomberg, SQL, Python, and Excel, and a familiarity with pricing workflows in a fund environment.

Qualifications

• Minimum of a Bachelor's Degree in Economics or Finance.
• Experience with pricing vendors, PM/trading desk engagement, Bloomberg Terminal, and fund audits is preferred.
• Strong technical skills including SQL, Python and MS Excel.
• Excellent communication skills and ability to work in a team.

Responsibilities

• Daily security price validation and resolving discrepancies for fixed income, derivatives, equity, ETF, FX, and commodity prices.
• Monitor and enhance daily price quality assurance checks.
• Respond to pricing inquiries from internal and external stakeholders including front office and vendors.
• Conduct security pricing reviews for financial audits.
• Assist in managing service providers supporting daily pricing production.
• Create and improve workflows related to pricing responsibilities.
• Write business requirements for pricing applications with technology teams.

Skills

SQL

Python

MS Excel

Communication

Teamwork

Finance/Fixed income knowledge

Education

Bachelor’s Degree in Economics or Finance

MBA or CFA (or in program)

Tools

Bloomberg Terminal

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.

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 environment

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.

Salary Range: $ 87,000.00 - $ 112,500.00

Equal Employment Opportunity and Affluent 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.