Vice President – Financial Products Tax Manager (Regulated Funds)

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 Overview

We are seeking a Vice President to join our Tax team.  The primary responsibilities of our team include overseeing tax compliance and providing internal consulting across our fund complex.  In this role, the Tax Manager will leverage their subject matter expertise in tax strategy to advise and collaborate closely with Portfolio Managers, Account Managers, Transfer Agents, Legal, Compliance, Product Managers, and others on technical tax matters.  Reporting to the Head of Fund Administration, the candidate will serve as a key tax advisor for our U.S. regulated funds business, which comprises more than 200 different fund products, including open-end, closed-end, ETF, and variable annuity funds.  The candidate will provide market coverage and add value consulting with Portfolio Managers and Product Strategists throughout product design and the pre-trade through the post-trade cycles to explore additional opportunities for tax optimization. 

Location

New York, NY, Austin, TX, or Newport Beach, CA. 

About You

If the following qualities resonate with you, we encourage you to apply for this exciting opportunity.  At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact:

• Exceptional Organizational Skills and Resourcefulness: You excel in managing multiple projects with outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully. You are self-motivated, committed to excellence, and demonstrate strong attention to detail, along with excellent interpersonal and communication skills.

• Adaptability and Collaboration: You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity. Collaboration is key to your approach, as you build positive relationships and work effectively across diverse teams. Your emotional intelligence, adaptability, and resilience equip you to manage unstructured processes and demanding responsibilities successfully.

• Integrity and Continuous Learning: Your actions reflect high ethical standards and integrity, earning you credibility and trust. As an intellectually curious individual, you are dedicated to professional development and staying abreast of industry trends.

Responsibilities

The key responsibilities include, but are not limited to, providing tax expertise in the following areas: 

• Advise on tax implication during the design and development of new fund products.

• Address and resolve fund qualification matters to ensure compliance with regulatory requirements. 

• Review and provide input on tax-related content in fund documents, including prospectus, Statements of Additional Information, , and shareholder reports .

• Manage tax considerations related to shareholders, including Qualified Dividend Income, Foreign Tax Credits, Dividend Received Deductions, and flow-through taxation for foreign investors.

• Analyze tax implications of various financial instruments and transactions related to fund investments, including fixed income and equity securities, derivatives (including foreign currency derivatives), structured finance products (e.g., asset-backed and mortgage-backed securities, grantor trusts, REMICs, CMOs, CDOs, CLOs, and other credit derivatives), Real Estate Investment Trusts (REITs), Passive Foreign Investment Companies (PFICs), and distressed debt instruments.

• Provide tax guidance on alternative investments, including commodities, CPI-linked instruments, and real estate loans. 

• Oversee key tax processes, including fund distributions, fiscal year-end tax provisions, and calendar year excise tax calculations prepared by third-party service provider.

• Ensure adherence to U.S. tax regulations for mutual funds, including the 1940 Act and Subchapter M of the Internal Revenue Code.

• Oversee all tax matters related to financial statement audits, ensuring compliance and accuracy.

• Collaborate with PIMCO departments on technical tax matters related to product development, implementation, distribution, regulatory compliance, and ongoing operation

• Participate in researching relevant tax regulations, rulings, and procedures and applying interpretations to various financial transactions, trading strategies and fund structuring.

• Provide support on international tax issues as a needed.

• Utilize your strong working knowledge of common RIC book-tax differences to inform tax strategies and compliance efforts.

• Analyze complex financial instruments and related structures to identify tax implications and opportunities for optimization.

• Draft and review tax and legal documents with high technical proficiency, ensuring accuracy and compliance with regulatory requirements.

• Work closely with analysts, product teams, and portfolio managers to proactively integrate tax considerations into investment strategies.

• Stay current on potential legislation and new tax regulations through active involvement with industry organizations, assessing their impact on financial products and funds.

• Provide expertise in analyzing corporate actions for taxability determination, ensuring accurate reporting and compliance.

Qualifications

• Minimum of a Bachelor's Degree required,

• Minimum of 10 years of experience within a Big 4 accounting firm or equivalent industry experience focused on mutual fund tax and operations.

• Strong working knowledge of U.S. mutual funds regulated under the 1940-Act, Subchapter M of the Internal Revenue Code, and common RIC book-tax differences.

• In-depth understanding of complex financial instruments and related structures.

• High technical proficiency in drafting/reviewing tax/legal related documents.

• Ability to work closely with analysts, product teams and portfolio managers to integrate tax considerations proactively into investment strategies in a fast-paced environment.

• Active involvement with industry organizations to stay updated on potential legislation, new tax regulations, and their impact to financial products and funds.

• Expertise in analyzing corporate actions for taxability determination. 

• Broad understanding of accounting and tax principles.

• Knowledge of federal securities law is desirable.

• CPA or LLM is highly desirable.

• Ability to embrace and adapt to a constantly changing regulatory and technological environment.

• Proven ability to communicate complex tax issues clearly and concisely to diverse audiences.

• Strong business analysis and project management 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: $ 150,000.00 - $ 225,000.00

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.