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Portfolio Manager
Pimco
Newport Beach, CA, United States
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Position Description
The function is that of a PM on the commodities desk who will conduct fundamental analysis in energy, with focus power and fuels used as power inputs in the US and/or Europe along with developing trade ideas and strategies, specifically:
• Work with EVP and team to build out the platform of power/gas/coal research, e.g. develop and maintain models to spark and heat spreads based upon weather and supply stack, forecast demand, etc.. Primary focus on the major liquid markets, but open to more illiquid trading opportunities as well.
• Provide updates to broader audience on expectations for fundamentals as well as what is priced into markets.
• Develop trade ideas based off fundamental and structural analysis. Be able to communicate ideas to generalist audience with supporting details, strong emphasis on an analytical framework.
• Implement trade ideas as well as provide trade support to other energy market trading activity.
• Assist vetting other trades and overall portfolio construction of commodity hedge fund.
Position Requirements
REQUIRED SKILL SET
• A clear analytical process for analyzing energy markets and generating trade ideas. Creativity in problem solving and strong attention to detail important.
• Strong quantitative skills and knowledge of statistics, mathematics, computer science, economics a big plus.
• Prior experience in risk sizing, trade execution and portfolio management is helpful although not essential. We will help candidate develop these skills and become PM if originating from analyst background.
• Programming skills, preferably either in Matlab or Python, are helpful but not essential.
• Good communication and ability to effectively communicate research results and ideas.
• Someone looking to work in a collaborative environment as part of broader team.
OTHER CONSIDERATIONS
Ideal candidate is someone with 2-5 years of experience, likely VP type level. Prior experience with risk taking, either in a hedge fund/merchant/bank/asset management firm is a plus, but would put importance below quantitative skills. First and foremost, we need a strong analyst with good market knowledge and technical skills, we can teach them to trade. Location needs to be in Newport Beach.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.