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.
Commercial Real Estate (“CRE”) Debt Overview
PIMCO currently invests in real estate debt opportunities through multiple offerings including its flagship strategy, PIMCO Commercial Real Estate Debt Fund. The current vintage, “PCRED II”, a closed-end fund with $3.0BN in equity commitments, is focused on floating rate transitional asset lending throughout the U.S, UK and Europe. The loans are collateralized by the entire spectrum of assets classes, including industrial/logistics, housing and data centers. In addition to PCRED II, the CRE debt team also invests in real estate debt opportunities through several other existing credit strategies with capital flexibility up and down the CRE debt risk spectrum.
The firm’s U.S. real estate debt team sources, underwrites, and invests along the entire debt capital stack including senior mortgages, mezzanine financing, CMBS, and preferred equity. The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure. CRE Debt Associates/VP’s work closely with senior members of the team to assist in originating, underwriting, and executing CRE debt transactions.
Responsibilities
Source and lead relationship with market participants, including sponsors and mortgage brokers
Develop Excel models projecting project level cash flows, borrower returns, lender returns, and fund level returns
Draft and negotiate term sheets and loan documentation
Prepare detailed Investment Committee memos and presentations
Lead and/or manage due diligence of new investments, including but not limited to market research, broker calls, third party reports, financial statement audits, lease reviews
Lead and/or manage closing execution of new credit investments, including but not limited to coordinating with internal and external stakeholders, consultants, and investors
Capital Markets execution and coordination – develop and work with financing sources to procure leverage for fund investments (e.g. loan-on-loan, senior / mezzanine, A/B)
Support asset management of fund investments, including developing and executing business plans, and managing relationships with sponsors, financing sources, and third party service providers
Requirements
10-15 years of relevant real estate investment banking or private equity experience. Asset-level underwriting experience required.
Exceptional Excel modeling skills and proficiency in Argus
Outstanding academic credentials and demonstrated leadership capabilities
Strong work ethic and integrity, candidate should be a teammate that is proactive and self-motivated
Strong analytical, interpersonal communication, and writing skills
Ability to work effectively on multiple projects simultaneously
Desire to join an entrepreneurial team and grow along with the platform
Positive attitude and eagerness to learn
Frequent travel as needed
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: $ 265,000.00 - $ 305,000.00
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.
