CRE Debt Asset Manager

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.

Commercial Real Estate ("CRE") Debt Overview

PIMCO invests in real estate debt opportunities through the flagship PIMCO Commercial Real Estate Debt Funds ("PCRED I" and PCRED II ), closed-end funds focused on traditional bridge lending throughout the U.

S. In addition to the PCRED funds, the CRE debt team also invests in real estate debt opportunities through several other existing credit strategies with capital flexibility up and down the CRE debt risk spectrum.

The firm's U.S. real estate debt team sources, underwrites, and invests along the entire debt capital stack including senior mortgages, mezzanine financing, CMBS, and preferred equity.

The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure.

Asset Management Vice President works closely with senior team members both on the asset management and portfolio management teams to oversee and pro-actively manage a portfolio of CRE debt investments.

Location : New York, NY

Job Description

PIMCO is seeking a Commercial Real Estate ("CRE") Vice President to join the US PIMCO Commercial Real Estate team who will be primarily focused on asset management of CRE debt assets within PCRED and other PIMCO investment vehicles.

While the Asset Management Vice President will primarily work closely with the senior asset managers, he / she may be called upon to also work with other members on the CRE team to assist in underwriting and executing real estate credit transactions for PCRED and other PIMCO investment vehicles.

Key Responsibilities

• Assist in the ongoing and pro-active asset management of a portfolio of debt investments up and down the capital stack to maximize value and minimize risk
• Build and enhance asset management reporting, portfolio analytical activities, and stress testing
• Actively monitor key performance indicators, property and financial performance, market conditions, servicing and administration of project draws / fundings.
• Proactively identify any potential credit / market risks as well as proposed solutions associated with the investment
• Approve and oversee borrower execution of asset level business plans
• Ability to interpret ad negotiate loan document terms
• Proactively work with external partners including borrowers, attorneys, servicers, financing partners and third-party consultants
• Provide detailed investment performance information to internal and external parties
• Perform property site inspections (travel where required)
• As needed, structure, underwrite and seek approval for loan modifications
• Manage collateral valuation / re-underwriting process
• Coordinate setup of loans internally and work closely with third party servicing team
• Assist in capital markets activities with existing and new leverage providers

Qualifications

• 5+ years of relevant real estate credit experience in underwriting, originating, asset management, or servicing fields.
• Exceptional analytical skills, financial modeling skills, proficiency in Argus, and strong writing abilities.
• Prior experience working with / negotiating / reviewing loan documents preferred.
• Outstanding academic credentials and demonstrated leadership capabilities.
• Familiarity with the legal structure, rights and motivations for co-lending and junior / senior (inter-creditor) structures
• Strong work ethic and integrity; candidate should be a team player who is proactive and self-motivated.
• Well-refined communications skills ability to analyze complex situations and articulate ideas and strategies clearly, both verbally and in writing.
• Ability to work effectively on multiple projects simultaneously.

Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing 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 : $ 205,000.00 - $ 240,000.00