Fund Controller – Hedge Funds

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

We are seeking a Fund Controller, Hedge Funds, with deep investment company and alternative asset accounting experience to join our Fund Treasury team. This individual will oversee financial control of a subset of private funds and collaborate with the team to design and implement an oversight model that ensures accurate and timely financial reporting. This role includes leading financial accounting and reporting for all internal and external stakeholders and overseeing illiquid investment activity across a diverse range of asset classes, including commercial and residential real estate equity and debt, bank loans, asset-backed loans, specialty finance structured products, subordinated debt, and preferred and common equity in privately-held companies, as well as fixed income and derivative products, and other unique securities.

Success in this position requires a highly skilled accountant with alternatives experience and product exposure to complex evergreen fund structures. As the PIMCO business continues to grow, this is a unique opportunity to join a leading asset manager and contribute to an evolving platform.

Location

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

Responsibilities

The key responsibilities include, but are not limited to:

• Serve as the Hedge Fund Controller lead for new product launches, including the setup and ongoing operations of complex evergreen fund structures.
• Manage the monthly NAV close process performed by the Fund Administrator, with emphasis on accounting and valuation of complex/illiquid assets, fee and expense review, and performance reporting.
• Design and implement fund-specific control procedures to ensure accurate and timely financial accounting and reporting, leveraging a Managed Service Arrangement for execution.
• Perform high-level analytical reviews of complex data sets.
• Provide oversight and control for accurate output of fund treasury and expense processing through detailed review and approvals.
• Collaborate with Fund Administrators and stakeholders to identify, troubleshoot, and resolve issues effectively.
• Manage and monitor Fund Administrator performance through SLAs, KPIs, and site visits.
• Oversee external audits, regulatory reporting, and other financial reporting requirements.
• Oversee the completion of regulatory filings, debt covenant compliance, and other reporting requirements.
• Own financial data for key client deliverables, including investor reports, capital statements, and annual audited financial statements.
• Respond promptly and accurately to client, prospect, and consultant information requests, utilizing internal and external resources.
• Lead coordination and project management for various team projects and initiatives.

Qualifications

• Minimum of a bachelor’s degree in accounting or finance; CPA designation active or in progress strongly preferred.
• 7-10 years of experience in financial accounting, audit, or finance within an alternative investment manager, with exposure to hedge funds, private equity, credit, or real estate.
• Direct experience with evergreen fund structures, including setup, operations, NAV-based pricing, and periodic redemption processes.
• Expertise in accounting and reporting for complex investment structures across multiple asset classes, including illiquid securities.
• Experience in an oversight model preferred.
• Proven ability to manage NAV processes, valuation of illiquid assets, and performance reporting.
• Demonstrated ability to design and implement accounting and reporting processes for different asset classes and develop solutions for complex transaction flows.
• Strong understanding of transaction process flows and requirements and interest in developing processes to solve complexities as they arise,
• Exposure to private equity and hedge fund structures.
• Experience with external audits, regulatory reporting, and compliance requirements.
• Strong understanding of U.S. GAAP and Investment Company Accounting principles.

Required Candidate Personal Characteristics

• Ability to thrive in a fast paced, deadline-driven environment.
• Strong quantitative, analytical, and problem-solving skills.
• Highly organized with excellent time management and project management capabilities.
• Strong desire to learn and adapt quickly to new challenges.
• Excellent written and verbal communication skills.
• Detail-oriented and hands-on, while maintaining a strategic perspective.
• Collaborative team player who fosters a culture of partnership and support.

Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being 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
• Community involvement opportunities with The PIMCO Foundation in each PIMCO office

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: $ 175,000.00 - $ 240,000.00