Key responsibilities include, but are not limited to:
Provide day-to-day operational coverage for Private Distressed Credit portfolio managers. Including deal settlement, funding coordination, wire instruction updates, and cash movements.
Serve as an escalation point and provide oversight for outsourced service providers performing back-office functions such as settlements, asset setup, waterfall calculations, P&I processing, cash and position reconciliation, document custody storage, etc.)
Review and interpret credit agreements to understand and operationalize key terms, including accrual mechanics, indices, payment schedules, and maturities.
Respond to detailed loan‑level questions (e.g., principal balances, accrual calculations, payment timing) from internal stakeholders and client‑facing teams.
Educate service providers and internal partners on deal mechanics and structuring.
Support loan amendments and other non-standard lifecycle events through accurate operational execution.
Support complex loan amendments, restructurings, share conversions, and other non-standard lifecycle events.
Participate in monthly activity reviews with select clients, as required.
Work closely with the Alternatives Finance team on cash management requirements related on fund development and deal facilitation issues.
Enhance controls and oversight for non‑standard alternative transactions across PIMCO.
Liaise with vendors, custodians, and banking institutions to support service enhancements and new product solutions
Partner closely with technology teams and project managers to enhance, integrate, and optimize core systems, ensuring alignment between business requirements and system capabilities.
Develop and maintain comprehensive process documentation, workflow mapping, and control inventories across products and systems.
You align with PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, guiding our commitment to delivering the best for our clients and each other.
Requirements
Minimum of a bachelor's degree required.
Minimum eight(8) years of relevant operational experience across private and direct originated debt and/or equity.
Hands-on exposure reviewing credit agreements, knowledge of key terms for servicing loans, how loans accrue, communications with service providers to ensure deal facilitation, etc.
E xperien
Benefits
Flexible scheduleEquity / stock options
Additional Information
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 Manager, Alternative Operations , to support the firm's Complex Restructures and Distressed Credit platform. This role sits at the center of private credit and alternative investment operations, with a strong focus on loan‑based private financings, preferred equity, and bespoke structures.
This role partners Manager will partner closely with Portfolio Managers, Account Managers, Alternatives Finance, and external service providers to ensure accurate settlement, lifecycle management, and reporting of private and originated loan investments. A key component of the role is being the firm's point of contact for end-to-end restructure processing, requiring precision, strong credit agreement knowledge, and the ability to clearly explain mechanics. The successful candidate will bring strong alternative operations knowledge and hands-on experience with credit documentation, loan accruals, and ongoing deal maintenance.
Additionally, the Manager will facilitate cross-functional communication, lead process improvement initiatives, assist with complex financial transactions, and enhance operational controls. They will also engage with vendors for service upgrades and participate in various special projects to support the firm's strategic initiatives.
Location
New York, NY or Austin, TX
Pimco · NY