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PIMCO Prime Real Estate Vice President - Debt Originations & Structuring

PIMCO Ltd. - Pacific Investment Management Company
United States, California, Los Angeles
Nov 23, 2024

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.

PIMCO Prime Real Estate U.S. ("PPRE") is seeking an intelligent, motivated, and detail-oriented individual with a minimum of 7 years of real estate experience to join its debt origination team as a Vice President - Debt Originations & Structuring. The position, based in Century City, CA, will report to the West Team Lead.

PPRE is the U.S. subsidiary of Allianz Real Estate ("ARE"), the real estate investment and asset manager serving the global Allianz Group companies. PPRE has assets under management of approximately $90.0 billion and has approximately 485 employees around the globe with subsidiaries in Germany, France, Switzerland, Italy, the U.S. and the Asia/Pacific Region.

PPRE makes equity and debt investments in the top 50 metropolitan areas in the U.S. across multifamily, industrial, retail, and office property types and manages an existing portfolio of direct equity holdings, joint ventures, and fund investments. PPRE's current debt portfolio totals approximately $23.0 billion. Annual debt investments include approximately 40-50 commercial mortgage loans totaling $2.5 billion-$3 billion across both core and bridge platforms on behalf of both balance sheet and third-party investors.

What you do:

  • Review investment opportunities: source/underwrite potential core and bridge loan originations

  • Create and maintain relationships with target borrowers, brokers, and advisors, in target geographic coverage area

  • Developing deal structures to mitigate risk

  • Present initial deal summaries during bi-weekly investment group meetings

  • Create internal investment committee memos

  • Work with borrowers, brokers, internal resources, and attorneys to help close transactions

  • Travel to markets for business development, client meetings, and site inspections

  • Participating and/or lead ad hoc projects as necessary.

What you bring:

  • Bachelor's degree required (preferably in real estate, finance or related discipline).

  • A minimum of7 years' experience in originations, portfolio management, underwriting, and/or credit risk role at an institutional lender or advisor.

  • Experience in originating multi-family, industrial, office and retail property financings.

  • Proficiency in financial modeling and creating presentations utilizing Microsoft Office (Excel, Word, PowerPoint) and Argus.

  • Strong analytical skills, detail oriented, highly organized.

  • Strong (verbal and written) communication skills.

  • Team player with good interpersonal skills.

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: $ 155,000.00 - $ 215,000.00

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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