PIMCO
Vice President - Tax (Regulated Funds) | Newport Beach, CA, USA
PIMCO, Newport Beach, California, us, 92659
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 Overview
We are seeking a Vice President to join our Tax team. The primary responsibilities of our team include overseeing tax compliance and providing internal consulting across our fund complex. In this role, you will leverage your subject matter expertise in tax strategy to generate tax alpha and collaborate closely with Portfolio Managers, Account Managers, Transfer Agents, Legal, Compliance, Product Managers, and other internal and external stakeholders. Reporting to the Head of Fund Administration, you will serve as a key tax advisor for our U.S. regulated funds business, which comprises more than 200 different fund products, including open-end, closed-end, ETF, and variable annuity funds. You will provide market coverage and add value by generating tax alpha throughout the pre-trade through the post-trade cycles and exploring additional opportunities for tax optimization.
Location
New York, NY, Austin, TX, or Newport Beach, CA.
About You
If the following qualities resonate with you, we encourage you to apply for this exciting opportunity. At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact: Exceptional Organizational Skills and Resourcefulness:
You excel in managing multiple projects with outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully. You are self-motivated, committed to excellence, and demonstrate strong attention to detail, along with excellent interpersonal and communication skills. Adaptability and Collaboration:
You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity. Collaboration is key to your approach, as you build positive relationships and work effectively across diverse teams. Your emotional intelligence, adaptability, and resilience equip you to manage unstructured processes and demanding responsibilities successfully. Integrity and Continuous Learning:
Your actions reflect high ethical standards and integrity, earning you credibility and trust. As an intellectually curious individual, you are dedicated to professional development and staying abreast of industry trends. Responsibilities
The key responsibilities include, but are not limited to providing tax expertise in the following areas:
Product design and development Fund qualification issues Tax aspects of fund documents (prospectus, SAI, shareholder reports) Shareholder matters (QDI, FTC, DRD, flow-through to foreign investors) Financial instruments and transactions related to fund investments, including:
Fixed income and equity securities Derivatives, including foreign currency derivatives Structured finance (asset-backed and mortgage-backed securities, grantor trusts, REMICs, CMOs, CDOs, CLOs, and other credit derivatives) REITs PFICs, and Distressed debt instruments
Alternative investments (commodities, CPI-linked instruments, real estate loans) Manage key tax processes including fund distributions, fiscal year-end tax provisions, and calendar year excise tax calculations prepared by a third-party service provider Oversee all tax matters related to financial statement audits Consult with other PIMCO departments on technical tax matters related to product development, implementation, distribution, regulatory compliance, and ongoing operations Participate in researching relevant tax regulations, rulings, and procedures and applying interpretations to various financial transactions, trading strategies and fund structuring Provide support on international tax issues as needed Qualifications
Minimum of a Bachelor's Degree required Minimum of 7 years of experience within a Big 4 accounting firm or equivalent industry experience focused on mutual fund tax and operations Strong working knowledge of U.S. mutual funds regulated under the 1940-Act, Subchapter M of the Internal Revenue code, and common RIC book-tax differences Broad knowledge of accounting and tax principles Knowledge of federal securities law is desirable CPA or LLM highly desirable Ability to embrace and adapt to an ever-changing regulatory and technological environment Demonstrated ability to communicate complex tax issues clearly and concisely to a wide range of audiences Strong business analysis and project management skills are required 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: $137,500.00 - $195,000.00 #J-18808-Ljbffr
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 Overview
We are seeking a Vice President to join our Tax team. The primary responsibilities of our team include overseeing tax compliance and providing internal consulting across our fund complex. In this role, you will leverage your subject matter expertise in tax strategy to generate tax alpha and collaborate closely with Portfolio Managers, Account Managers, Transfer Agents, Legal, Compliance, Product Managers, and other internal and external stakeholders. Reporting to the Head of Fund Administration, you will serve as a key tax advisor for our U.S. regulated funds business, which comprises more than 200 different fund products, including open-end, closed-end, ETF, and variable annuity funds. You will provide market coverage and add value by generating tax alpha throughout the pre-trade through the post-trade cycles and exploring additional opportunities for tax optimization.
Location
New York, NY, Austin, TX, or Newport Beach, CA.
About You
If the following qualities resonate with you, we encourage you to apply for this exciting opportunity. At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact: Exceptional Organizational Skills and Resourcefulness:
You excel in managing multiple projects with outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully. You are self-motivated, committed to excellence, and demonstrate strong attention to detail, along with excellent interpersonal and communication skills. Adaptability and Collaboration:
You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity. Collaboration is key to your approach, as you build positive relationships and work effectively across diverse teams. Your emotional intelligence, adaptability, and resilience equip you to manage unstructured processes and demanding responsibilities successfully. Integrity and Continuous Learning:
Your actions reflect high ethical standards and integrity, earning you credibility and trust. As an intellectually curious individual, you are dedicated to professional development and staying abreast of industry trends. Responsibilities
The key responsibilities include, but are not limited to providing tax expertise in the following areas:
Product design and development Fund qualification issues Tax aspects of fund documents (prospectus, SAI, shareholder reports) Shareholder matters (QDI, FTC, DRD, flow-through to foreign investors) Financial instruments and transactions related to fund investments, including:
Fixed income and equity securities Derivatives, including foreign currency derivatives Structured finance (asset-backed and mortgage-backed securities, grantor trusts, REMICs, CMOs, CDOs, CLOs, and other credit derivatives) REITs PFICs, and Distressed debt instruments
Alternative investments (commodities, CPI-linked instruments, real estate loans) Manage key tax processes including fund distributions, fiscal year-end tax provisions, and calendar year excise tax calculations prepared by a third-party service provider Oversee all tax matters related to financial statement audits Consult with other PIMCO departments on technical tax matters related to product development, implementation, distribution, regulatory compliance, and ongoing operations Participate in researching relevant tax regulations, rulings, and procedures and applying interpretations to various financial transactions, trading strategies and fund structuring Provide support on international tax issues as needed Qualifications
Minimum of a Bachelor's Degree required Minimum of 7 years of experience within a Big 4 accounting firm or equivalent industry experience focused on mutual fund tax and operations Strong working knowledge of U.S. mutual funds regulated under the 1940-Act, Subchapter M of the Internal Revenue code, and common RIC book-tax differences Broad knowledge of accounting and tax principles Knowledge of federal securities law is desirable CPA or LLM highly desirable Ability to embrace and adapt to an ever-changing regulatory and technological environment Demonstrated ability to communicate complex tax issues clearly and concisely to a wide range of audiences Strong business analysis and project management skills are required 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: $137,500.00 - $195,000.00 #J-18808-Ljbffr