Cash Desk Associate/Senior Associate Cash Desk Associate/Senior Associate …

in Newport Beach, CA, United States
Permanent, Full time
Last application, 28 Mar 20
in Newport Beach, CA, United States
Permanent, Full time
Last application, 28 Mar 20
Cash Desk Associate/Senior Associate
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:


The Cash Desk is responsible for managing cash in client accounts. The team works closely with the Portfolio Management Group to determine cash needs and either invests excess cash or raises cash to facilitate purchases. The Cash Desk has direct interaction with Portfolio Managers, Account Managers, Clients, State Street IMS, and Custodian Banks.

The role will be based in Newport Beach, CA. Required hours for the role are 3:30 AM PT - 1:30 PM PT.


Key responsibilities include, but are not limited to:

  • Monitor the cash management process with its multiple adjustments and iterations throughout the day
  • Work with the Short Term traders to ensure accurate investment of excess cash and execution of the necessary funding actions for cash shortfalls and liquidity raising
  • Review ways to enhance current reports and tools through increased automation
  • Generate and analyze daily management and audit reports for Cash Flow Reporting and Cash Forecasting
  • Work with Clients, Account Managers, and Portfolio Management Group in regards to client directed cash contributions and withdrawals
  • Recognize areas of potential risks within the current processes and procedures and make necessary changes to mitigate those risks
  • Work with custodians and accounting group in reconciling cash balances and resolving discrepancies
  • Provide accurate and timely responses to the multiple ad hoc queries we receive daily from diverse internal and external stakeholders

Position Requirements:

  • Bachelor's Degree required, preferably within a major in Business, Finance, or Economics
  • Minimum 2 years of professional experience within Financial Services, Asset Management, Operations or Accounting
  • Intermediate Microsoft Excel skills (e.g., v-Lookup, formulas, writing/running macros, VBA)
  • Strong accuracy and attention to detail
  • Prior cash management experience desirable
  • Understanding of trade flow and trade processing

  • Excellent communication (verbal and written), facilitation, and interpersonal skills, including the ability to face off across all levels of an organization
  • Quick learner and adaptable to learn new processes, concepts, and skills
  • High emotional intelligence, flexible, and resilient
  • Highly motivated self-starter with the ability to work collaboratively and independently
  • Demonstrated competence in thinking strategically, analytically, conceptually, and innovatively, including the ability to synthesize and analyze data
  • Experience working with global teams in different time zones
  • Ability to multi-task, work in a demanding, fast paced environment and handle multiple, competing priorities and projects with high quality output
  • A hands-on practitioner with the ability to shift between operational and strategic mindsets
  • Demonstrated ability to navigate unstructured processes and simultaneously manage responsibilities of multiple-concurrent work streams and competing demands


PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being 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