Manager, Fee Strategy

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 a commercially minded professional with an understanding of investment strategies and contractual fee terms to join its Fee Strategy team, focused on the review and analysis of client fee provisions.

This role partners closely with Account Management, Product Strategy, Legal, Client Billing, Fund Administration, Operations, and senior business stakeholders to ensure the integrity, consistency, and defensibility of fee-related analyses supporting client negotiations, regulatory requirements, and Board reporting. Key areas of responsibility include Most Favored Nation (MFN) reviews, 15c Board fee exhibit analyses, sub-advisory fee comparability analyses, and business reporting initiatives.

The successful candidate will combine analytical rigor, attention to detail, and sound commercial judgment to evaluate complex datasets, develop actionable insights, and drive sound governance outcomes. This individual will also contribute to the evolution of PIMCO's fee strategy framework through process enhancements, reporting improvements, and the application of technology and AI-enabled solutions.

We welcome applicants from a range of backgrounds, including investment management, legal/paralegal, contract management, compliance, consulting and product, who bring strong contract interpretation and analytical skills.

This position will be based in Newport Beach, CA.

Key Responsibilities

• Lead the annual Most Favored Nation (MFN) review process, including fee comparisons, exception analysis, documentation, and coordination with Legal on interpretation and required actions.
• Review and interpret investment management agreements, fee schedules, and supporting documents to identify relevant fee provisions and associated obligations.
• Prepare and validate 15c fee analyses, Board exhibits, and supporting materials for Board, Legal and regulatory review.
• Maintain and enhance Won/Lost/Pending reporting and related business analytics.
• Deliver accurate management reporting and analysis to stakeholders across the business.
• Build strong working relationships across the organization to drive alignment and effective decision-making.
• Support the ongoing development of PIMCO's pricing and fee governance framework.
• Drive continuous improvement in reporting, efficiency, transparency and controls, including through automation, data analytics and AI-enabled solutions.

Position Requirements

Essential

• Bachelor's degree in Finance, Economics, Business, Law or a related field.
• 5-7 years of experience in asset management, investments, legal/contract management, consulting, product strategy, pricing, fund administration or a related analytical function.
• Understanding of investment management strategies and products, with exposure beyond operational or back-office processing to strategic-level considerations.
• Working knowledge of investment management fee structures (e.g., management/fixed fees and performance fees) and how they are calculated.
• Experience reviewing and interpreting legal or contractual documents.
• Strong Excel skills, including lookups, pivots, reconciliations and analysis of large datasets.
• Proven ability to work independently, prioritize effectively and know when to check in or escalate.
• Excellent written and verbal communication skills, with the ability to summarize complex analysis clearly for senior stakeholders.

Preferred

• Experience reviewing contractual fee provisions (e.g., most-favored-nation clauses) or similar fee-comparison analysis.
• Exposure to audit, regulatory or governance processes.
• Paralegal certification, legal qualification, CFA or MBA.
• Familiarity with mutual funds, '40 Act vehicles or separate accounts.
• Interest in using AI tools and automation to improve efficiency and analysis.

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: $ 112,000.00 - $ 128,000.00

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.