PIMCO
Senior Vice President - Tax (Regulated Funds)
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.
Role Summary
We are seeking a Senior Vice President to join our Tax team. The primary responsibilities of the team include providing oversight of tax compliance and consulting across our fund complex. In this visible role, you will 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 act as a key tax advisor for our U.S. regulated funds' business which is comprised of more than 200 different fund products across a range of open-end, closed-end, ETF, and variable annuity funds. You will provide market coverage and add value by generating tax alpha from pre-trade through the post-trade cycle and exploring additional opportunities to generate tax alpha.
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:You are a strategic thinker, understanding how your role and projects contribute to business objectivesYour organizational and project management skills are exceptional, allowing you to handle multiple initiatives and tasks simultaneouslySelf-motivation is a driving force for you, consistently delivering on assigned responsibilities with a focus on excellence, attention to detail, and effective interpersonal and communication skillsYou thrive in fast-paced environments, embracing shifting priorities and enjoying the challenge of working with ambiguityCollaboration is at the core of your work style, building positive relationships and partnering effectivelyYour track record demonstrates credibility and trustworthiness through consistent behavior, high ethical standards, confidentiality, respect for others, integrity, and sound judgmentIntellectual curiosity pushes you, with a dedication to professional development and staying informed about emerging trendsYou possess high emotional intelligence, adaptability, and resilienceNavigating unstructured processes and managing multiple demanding responsibilities is a proven strength of yoursYou actively contribute to fostering a positive work environment and cultivating a strong organizational cultureYou align with PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, which guide our commitment to delivering the best for our clients and each otherResponsibilities
The key responsibilities include, but are not limited to providing tax expertise in the following areas:Product design and developmentFund qualification issuesTax aspects of fund documents (prospectus, SAI, shareholder reports)Shareholder matters (QDI, FTC, DRD, flow-through to foreign investors)Financial instruments and transactions as it relates 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, andDistressed 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 providerManage all tax matters related to financial statement auditsConsult with other PIMCO departments on technical tax matters related to product development, product implementation, product distribution, regulatory compliance and ongoing operationsParticipate in researching relevant tax regulations, rulings, and procedures and applying interpretations to a variety of financial transactions, trading strategies and fund structuringProvide support (as needed) on international tax issuesQualifications
Minimum of a Bachelor's Degree requiredMinimum of 10 years of experience within a Big 4 accounting firm or equivalent industry experience focused on mutual fund tax and mutual fund tax operationsStrong working knowledge of U.S. mutual funds regulated under the 1940-Act, Subchapter M of the Internal Revenue code, and common RIC book-tax differencesBroad knowledge of accounting and tax principlesKnowledge of federal securities law is desirableCPA or LLM highly desirableAbility to embrace and adapt to an ever-changing regulatory and technological environmentDemonstrated ability to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of audiencesStrong business analysis and project management skills are requiredPIMCO 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 - $ 260,000.00
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.
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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.
Role Summary
We are seeking a Senior Vice President to join our Tax team. The primary responsibilities of the team include providing oversight of tax compliance and consulting across our fund complex. In this visible role, you will 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 act as a key tax advisor for our U.S. regulated funds' business which is comprised of more than 200 different fund products across a range of open-end, closed-end, ETF, and variable annuity funds. You will provide market coverage and add value by generating tax alpha from pre-trade through the post-trade cycle and exploring additional opportunities to generate tax alpha.
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:You are a strategic thinker, understanding how your role and projects contribute to business objectivesYour organizational and project management skills are exceptional, allowing you to handle multiple initiatives and tasks simultaneouslySelf-motivation is a driving force for you, consistently delivering on assigned responsibilities with a focus on excellence, attention to detail, and effective interpersonal and communication skillsYou thrive in fast-paced environments, embracing shifting priorities and enjoying the challenge of working with ambiguityCollaboration is at the core of your work style, building positive relationships and partnering effectivelyYour track record demonstrates credibility and trustworthiness through consistent behavior, high ethical standards, confidentiality, respect for others, integrity, and sound judgmentIntellectual curiosity pushes you, with a dedication to professional development and staying informed about emerging trendsYou possess high emotional intelligence, adaptability, and resilienceNavigating unstructured processes and managing multiple demanding responsibilities is a proven strength of yoursYou actively contribute to fostering a positive work environment and cultivating a strong organizational cultureYou align with PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, which guide our commitment to delivering the best for our clients and each otherResponsibilities
The key responsibilities include, but are not limited to providing tax expertise in the following areas:Product design and developmentFund qualification issuesTax aspects of fund documents (prospectus, SAI, shareholder reports)Shareholder matters (QDI, FTC, DRD, flow-through to foreign investors)Financial instruments and transactions as it relates 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, andDistressed 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 providerManage all tax matters related to financial statement auditsConsult with other PIMCO departments on technical tax matters related to product development, product implementation, product distribution, regulatory compliance and ongoing operationsParticipate in researching relevant tax regulations, rulings, and procedures and applying interpretations to a variety of financial transactions, trading strategies and fund structuringProvide support (as needed) on international tax issuesQualifications
Minimum of a Bachelor's Degree requiredMinimum of 10 years of experience within a Big 4 accounting firm or equivalent industry experience focused on mutual fund tax and mutual fund tax operationsStrong working knowledge of U.S. mutual funds regulated under the 1940-Act, Subchapter M of the Internal Revenue code, and common RIC book-tax differencesBroad knowledge of accounting and tax principlesKnowledge of federal securities law is desirableCPA or LLM highly desirableAbility to embrace and adapt to an ever-changing regulatory and technological environmentDemonstrated ability to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of audiencesStrong business analysis and project management skills are requiredPIMCO 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 - $ 260,000.00
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.
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