Associate, CRE Equity Asset Manager

1 month ago

New York, United States PIMCO Full time
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.

Job Description

PIMCO is seeking a Commercial Real Estate ("CRE") associate to join the US PIMCO CRE Equity team who will be primarily focused on asset management of CRE assets within the various PIMCO investment vehicles. The firm's US real estate team sources, underwrites, and invests in private and public real estate opportunities, including direct real estate, equity joint ventures, mezzanine financing, commercial mortgage backed securities, and other real estate related investments. The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure.

The Equity Asset Management Associate will primarily work closely with both senior and junior members of the CRE Equity Asset Management Team, various PIMCO verticals, and operating partners toward the goals of maximizing returns and protecting and enhancing value for the CRE Equity portfolio. The Associate may also provide support for new investments within various PIMCO investment vehicles.

Location: New York, NY

Responsibilities
  • Assist senior asset managers in the development, execution, and status update of business plans, including extensions, refinancing, and dispositions.
  • Maintain thorough understanding of all allocated business plans and manage complex investment and valuation models for various positions within the portfolio.
  • Prepare Investment Committee memos and presentations associated with the execution of business plans with scenario analysis to support strategic decisions.
  • Provide leadership and support for the junior team members to ensure consistently high quality work, efficient execution, and knowledge transfer.
  • Prepare periodic valuations of individual CRE assets and compile portfolio roll-ups and performance metrics for both internal and external reporting.
  • Lead the junior team to foster a culture of excellence and develop team mentality of proactive risk mitigation and focused value creation.
  • Assist senior asset managers in relationship management with operators, JV partners, service providers, as well as internal parties.
Position Requirements
  • 2-5 years of relevant real estate operator, investment banking, finance/accounting, or real estate private equity experience preferred.
  • Asset-level underwriting, valuation, asset management or real estate sponsor-developer/accounting backgrounds preferred.
  • Experience across all asset classes, ideally including multifamily, industrial, student housing, retail, hotel, and office.
  • Strong financial modeling skills, proficiency in Argus, and writing abilities required.
  • Exceptional work ethic and integrity; candidate should be a team player who is proactive and is a leader.
  • Excellent interpersonal, communication, and presentation skills.
  • Strong academic credentials and demonstrated leadership capabilities.
  • Ability to work effectively on multiple projects simultaneously.
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: $ 125,000.00 - $ 145,000.00

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.

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