Fund Controller (Private Income Fund)

PIMCO - Newport Beach, CA

Full-time - Mid Level

Newport Beach, CA

Management of Companies and Enterprises

About the position

PIMCO is seeking a Vice President to join the Alternatives Funds Finance Team, which oversees approximately $150 billion in assets across various strategies and vehicle types, including hedge funds and private equity. This role is pivotal in managing the financial accounting and reporting for a complex set of evergreen private credit funds. The successful candidate will be a highly proficient CPA with significant experience in financial accounting, particularly within alternative investment management. The position requires a deep understanding of diversified hybrid funds and the ability to navigate the complexities associated with them. As the Fund Controller, the individual will be responsible for ensuring accurate financial reporting, operational facilitation, and compliance with tax structuring for the funds. The role involves overseeing the accounting control and related reporting for the funds, which includes investment-level accounting, profit and loss allocations, fee calculations, and capital accounting. The Vice President will also be responsible for determining the operational feasibility of bespoke fee terms, conducting analytical reviews of fee calculations, and ensuring accurate application of terms to investors and distribution partners. Additionally, the position requires managing the accounting close cycle, delivering timely and accurate reporting to internal stakeholders, and ultimately producing investor capital account statements. Collaboration is key in this role, as the Vice President will work closely with various teams, including Product Management, Account Management, and Portfolio Management, while also overseeing third-party service providers such as fund administrators. The individual will manage relationships with these providers through service level agreements and metrics, ensuring compliance with fund documents and timely execution of payment processes. Furthermore, the role includes managing external audits, regulatory reporting, and leading critical projects within the Alternatives Funds Finance team. This is an outstanding opportunity to contribute to a growing team at one of the largest asset managers in the world, where the focus is on delivering strong risk-adjusted returns for clients.

Responsibilities

• Serve as a Fund Controller responsible for financial accounting, reporting, and operational facilitation for a group of evergreen funds in PIMCO's private income strategy.
• Oversee the accounting control and related reporting for the funds, including investment-level accounting, allocation of profits and losses, calculation of fees and expenses, and related capital accounting.
• Determine operational feasibility of bespoke fee terms, including tracking required data points and calculating fees.
• Design and perform analytical reviews of complex fee calculations to ensure accurate application to respective investors and distribution partners.
• Manage the accounting close cycle and deliver timely and accurate reporting to internal constituents and investor capital account statements.
• Collaborate across teams and third parties, including supervision of fund treasury and liquidity management processes.
• Coordinate with portfolio management on investment-related reporting matters and complex transactions.
• Oversee third-party service providers, including fund administrators and managed service partners, in maintaining and reviewing the funds' books and records.
• Manage relationships with third-party service providers through SLAs/critical metrics and site visits.
• Manage external audits, regulatory reporting, and other reporting requirements.
• Review key financial information for investor deliverables, including investor reports and annual audited financial statements.
• Lead coordination and project management of critical Alternative Funds Finance team projects and initiatives.
• Coordinate funds payment and expenses process to ensure compliance with fund documents and timely execution and reporting.
• Utilize internal and external resources to respond to client and consultant requests for information.

Requirements

• 8-10 years' experience in financial accounting, audit, or finance function for an alternative investment manager with exposure to credit, real estate, evergreen, and/or private equity funds.
• Ability to implement accounting and reporting for complex legal and tax investment structures crossing multiple jurisdictions.
• Knowledge of transaction process flows and requirements, with a desire to develop solutions for operational and accounting complexities.
• Exposure to a broad range of private equity and open-ended fund structures (e.g., US, Cayman, Luxembourg).
• Experience leading internal teams and overseeing external administrators and other third-party service providers.
• Broad knowledge of accounting principles including US GAAP and Investment Company Accounting.
• Bachelor's degree with a major in Accounting.
• Active CPA license.
• Big 4 background desired, but not required.

Nice-to-haves

• Experience in a fast-paced, deadline-driven environment.
• Strong quantitative/analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Highly organized with excellent time/project management skills.
• Keen desire to learn and quickly absorb new knowledge.
• Ability to balance a sharp focus on details with an awareness of the bigger picture.
• Team-oriented mindset, assisting others when needed.

Benefits

• Competitive salary range of $140,000.00 - $230,000.00
• Discretionary bonus based on performance
• Total compensation approach including base salary and performance awards