VP, Middle Office Transformation Accounting Oversight

pimco; Newport Beach (CA); On-site; USD 140,000 - 210,000; Full time

Job summary

PIMCO, a global leader in active fixed income, is seeking an experienced investment accounting professional to lead the Middle-Office Transformation initiative. You will define accounting requirements, guide systems and processes, and serve as the central contact for accounting considerations during the transformation and beyond.

The role requires strong accounting technical skills, excellent communication, and a proactive approach to drive change across front, middle, and back offices.

Qualifications

• Minimum of a bachelor's degree, preferably in business, finance, or a related field. An MBA designation is desirable.
• Minimum 10 years of experience in middle office IBOR accounting, fund administration and accounting, performance reporting, or related functions.
• Strong knowledge of fixed income and derivative accounting, with emphasis on asset income and yield-related accounting.
• Demonstrated success leading major technical or system migrations or transformations involving third-party vendor solutions and software platforms.
• Experience leveraging technology, AI, data, and automation to improve business processes.

Responsibilities

• Program Design and oversight - Define target state accounting needs and oversee program plan across a range of Middle-Office transformation workstreams.
• MOT Accounting SME Oversight - Serve as an accounting subject matter expert and provide enhancements for processes and controls.
• Policy Decision Support - Support key accounting policy decisions during the transformation.
• Program Reporting - Produce executive-ready status reports, dashboards, and program metrics.
• Change Readiness & Training Coordination - Design and implement readiness assessments, UAT, and training activities.

Skills

Accounting knowledge

Communication skills

Leadership

Change management

Education

Bachelor's degree

MBA

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 Description

PIMCO is seeking an experienced investment accounting professional to manage the design and delivery of key aspects of the firm's Middle-Office Transformation ("MOT") program. Working closely with a wide group of stakeholders across front, middle, and back office, this role will help define PIMCOs accounting requirements and guide the systems, processes, and capabilities toward target state.

This is a highly visible and hands-on role at the intersection of accounting, investments, performance, and transaction processing. The successful candidate will lead a team to assess our current state capabilities and processes vs. the accounting needs of key stakeholders and redesign them to provide high quality decision-support information. This individual will be a subject matter expert on PIMCO's investment accounting needs and will serve as a central point of contact for accounting considerations during the transformation and beyond.

Success in the role requires strong accounting technical skills related to accounting policy, industry-standard methodologies, accounting/valuation considerations, gain/loss, etc. The role will also require superior communication and organizational skills, a broad understanding of investment strategies, and an understanding of the middle office. The ideal candidate is willing to roll up their sleeves and actively engage in the work, diving into complex data, challenging assumptions, and driving positive change in the organization.

Location

New York, NY, Austin, TX or Newport Beach, CA

Responsibilities

Key responsibilities include, but are not limited to:

• Program Design and oversight - Define target state accounting needs and oversee program plan across a range of Middle-Office transformation workstreams, especially those related to income accruals and accounting gain/loss calculations. Lead a team of internal personnel / managed resources to assess the quality of target state vs. the PIMCO's needs. Oversee the test design, execution, and issue resolution. Communicate status and results regularly.
• MOT Accounting SME Oversight - Serve as an accounting subject matter expert, providing insights and proposed enhancements to ensure that processes, controls, and technologies are designed to achieve a leading target state. Answer technical accounting questions related to accounting needs for complex transactions and corporate actions.
• Policy Decision Support - Support key accounting policy decisions arising during the transformation by evaluating key facts/circumstances and providing recommendations or conclusions.
• Program Reporting - Produce executive-ready status reports, RAG dashboards, and program metrics for steering committee and senior leadership consumption.
• Change Readiness & Training Coordination - Design and implement operational readiness assessments, UAT, and training activities. Work across teams to ensure that controls, quality checkpoints, and governance protocols for the transformed future state include the appropriate consideration of accounting data.

Qualifications

• Minimum of a bachelor's degree, preferably in business, finance, or a related field. An MBA designation is desirable.
• Minimum 10 years of experience in middle office IBOR accounting, fund administration and accounting, performance reporting, or related functions. Significant experience supporting accounting policy and methodology, valuation, P&L, and/or accounting standards implementation/review preferred.
• Strong knowledge of fixed income and derivative accounting, with particular emphasis on asset income and yield-related accounting. Exposure to equities, leveraged products, and other asset classes preferred.
• Strong understanding of the relationship between investment activity, accounting outcomes, income generation, and trade operations.
• Demonstrated success in leading major technical or system migrations or transformations involving third-party vendor solutions and software platforms.
• Experience leveraging technology, AI, data, and automation to improve bu