Portfolio Manager, Commercial Real Estate Financing

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

PIMCO is seeking an experienced commercial real estate financing professional to join its Private Strategies Portfolio Management team in New York.

The individual will be responsible for sourcing, structuring, negotiating and managing financing solutions across PIMCO's commercial real estate investment strategies, with a particular focus on obtaining leverage against commercial real estate debt and equity portfolios and investment vehicles.

The role will work closely with portfolio managers across PIMCO's private strategies and serve as a key interface with banks and other financing counterparties. The individual will evaluate financing alternatives, negotiate financing terms and documentation, execute new facilities, and actively manage existing financing arrangements.

The role would  also involve the opportunity to deploy capital in commercial real estate financings in private investment grade mandates.

This is a financing and capital markets role rather than a traditional real estate acquisition or investment role. Deep knowledge of commercial real estate financing and lending markets is therefore critical.

Responsibilities

- Source, evaluate, structure and execute financing solutions across PIMCO's commercial real estate debt and equity portfolios and investment vehicles.
- Develop and maintain relationships with banks and other financing counterparties to identify appropriate sources of leverage including warehouse, loan on loan, and senior mezz.
- Lead the negotiation of warehouse facilities and other secured financing arrangements, including economic terms, collateral requirements, covenants and related legal documentation.
- Evaluate financing alternatives across individual investments, portfolios and fund or vehicle-level structures, balancing cost of capital, advance rates, structural protections, flexibility and liquidity.
- Partner closely with PIMCO's commercial real estate portfolio managers to understand investment pipelines, portfolio composition and expected financing requirements.
- Manage existing financing facilities, including collateral eligibility, borrowing capacity, covenants, margin requirements and other ongoing obligations.
- Assess financing implications associated with new CRE investments and portfolio construction and provide recommendations to portfolio managers and senior stakeholders.
- Monitor developments across CRE financing and capital markets and identify opportunities to improve or optimize financing structures.
- Prepare analysis and recommendations for senior investment professionals regarding leverage, financing capacity and financing strategy.
- Coordinate with Legal, Risk, Operations and other internal stakeholders in the execution and ongoing management of financing transactions.
- Over time, and depending on experience, support financing requirements across PIMCO's European commercial real estate debt activities.

Qualifications

- 7+ years of relevant experience in commercial real estate financing, capital markets, structured lending or a closely related area. Seniority can flex depending on the depth and relevance of the candidate's experience.
- Deep knowledge of commercial real estate debt financing is essential.
- Experience with CRE warehouse facilities or comparable portfolio financing structures.
- Strong understanding of secured lending structures, collateral analysis, advance rates, covenants and financing documentation.
- Demonstrated experience negotiating with banks, borrowers, asset managers, legal counsel and other transaction counterparties.
- Strong quantitative and analytical skills with the ability to evaluate financing economics and portfolio-level leverage.
- Understanding of commercial real estate credit underwriting and the risks associated with underlying CRE collateral.
- Excellent written and verbal communication skills, with the ability to work effectively with senior portfolio managers and external counterparties.
- Bachelor's degree required; advanced degree and/or CFA designation beneficial but not 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: $ 205,000.00 - $ 305,000.00

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.