Portfolio Associate – SMA​/Municipals

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.

Portfolio Associate team members help to oversee the portfolios on a day to day basis and liaise directly with Portfolio Managers and build relationships internally with Account Managers, Product Managers, Legal and Compliance counterparts, Operations teams, and other Portfolio Trade Associate teams across the firm’s global offices. On a day‑to‑day basis, Portfolio Associates’ primary functions will consist of monitoring risk exposures across portfolios, sizing trades to take risk measures to portfolio managers’ desired target, and managing all other operational aspects of the portfolio.

Portfolio Associates are routinely encouraged to provide creative solutions and develop key tools and reporting methods to support the Portfolio Management team.

• Extensive exposure to industry experts within Portfolio Management and across other functional areas of the firm
• A broad range of opportunities to collaborate with talented colleagues
• Learning environment focused on key buy‑side portfolio risk and return principles
• Constructive feedback to foster career growth in addition to a formal annual review process

Location:

San Diego, CA

• Ensuring investment objectives are reflected across portfolios in scope
• Monitoring portfolio positions and products versus client guidelines in concert with Compliance team
• Coordinating with Portfolio Management on re‑balancing of portfolios
• Utilizing proprietary risk systems for monitoring portfolio exposures
• Assisting in account transitions and cash flow management
• Conducting performance and attribution analyses
• Responding to ad‑hoc requests from the Portfolio Management team

• Bachelor’s degree with strong academic background in a technical field from a leading, accredited college or university
• 2–3 years of relevant work experience in financial services/asset management industry
• Deep understanding of fixed income especially Tax‑Exempt Municipal and Government Bonds
• Exceptional communication skills are required to operate in a complex financial environment
• Excel “power user”
• Python programming skills are preferred
• Strong process‑oriented background and ability to demonstrate keen portfolio risk and operational awareness
• Outstanding analytical and multi‑tasking skills with a proven ability to function efficiently and problem‑solve in a high‑pressure and time‑critical environment

• Primary focus will be on Tax‑Exempt Municipal and Government bond Separately Managed Accounts (SMA)
• Understanding of Municipal bond market and retail ladder strategies a plus

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. Benefits vary by location but may include:

• Medical, dental, and vision coverage
• Life insurance and travel coverage
• 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
• Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
• Commu…