- Location
- Hong Kong
- Type
- Full-time
- Department
- Education
- Seniority
- Entry
- Experience
- 5+ years
- Education
- Master
- Source
- Workday
Description
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.
Associate/Vice President, Asia Credit Research Analyst
Location: Hong Kong
Business Unit: Credit Research
Reporting To: Senior Vice President, Credit Research (Hong Kong)
Position Overview
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. Credit Analysts at PIMCO specialize in a range of industries and evaluate opportunities across the capital structure, including investment grade, high yield, bank debt, and convertible securities.
We are seeking a highly motivated credit investment professional to join our Credit Research team in Hong Kong as an Associate or Vice President, depending on experience and qualifications.
The successful candidate will conduct fundamental credit research on corporate issuers, generate differentiated investment recommendations, and partner closely with portfolio managers across Asia and globally to identify compelling risk-adjusted investment opportunities. While the role will initially focus on Asian corporate credits, the successful candidate will be part of PIMCO's integrated global research platform and will have the opportunity to broaden coverage responsibilities over time based on investment team needs, market opportunities, and individual development.
This role reports to a Senior Vice President, Credit Research, based in Hong Kong, and offers significant exposure to investment decision-making, regular interaction with senior investment professionals globally, and the opportunity to develop into a global sector specialist within one of the industry's premier credit research organizations.
Key Responsibilities
- Conduct fundamental bottom-up credit research on corporate issuers across a range of industries and sectors, with an initial focus on Asia-Pacific markets.
- Analyze corporate business models, competitive positioning, capital structures, financial performance, liquidity profiles, and credit fundamentals.
- Develop and maintain detailed financial models, earnings forecasts, valuation frameworks, and relative value analyses.
- Generate independent investment recommendations and differentiated relative value ideas for regional and global portfolio managers.
- Monitor portfolio holdings and identify emerging risks, changing market dynamics, and new investment opportunities across covered sectors.
- Proactively communicate investment views and recommendations to portfolio managers, investment committees, and research colleagues globally.
- Produce high-quality written research including company evaluations, earnings reviews, quarterly updates, industry studies, thematic research, and relative value analyses.
- Assess macroeconomic, geopolitical, regulatory, and industry developments and their impact on corporate credit markets.
- Conduct meetings with company management teams, industry participants, rating agencies, sell-side analysts, and other market stakeholders.
- Present investment views, sector outlooks, market developments, and thematic research to internal and external audiences, including clients where appropriate.
- Collaborate closely with credit analysts and portfolio management teams across Asia, Europe, Latin America, and North America, contributing to PIMCO's global investment process.
Qualifications
- Minimum 5 years or more relevant experience in corporate credit research, investing, or related disciplines.
- Fluency in Mandarin and English, proficiency across speaking, reading, writing to ensure regional coverage. Spanish and Japanese language skill is a plus.
- Proven experience independently covering sectors and developing actionable investment recommendations and financial models
- Demonstrated ability to influence investment decisions through differentiated research and conviction-driven investment views.
- Ability to evaluate both bottom-up company fundamentals and top-down macroeconomic and industry trends and make informed judgments regarding credit risk and valuation.
- Strong understanding of Asian corporate credit markets and institutional investment processes.
Preferred Qualifications
- Experience covering Asian corporate credits across various industrial sectors and countries highly desirable. Experience in private credit market is a plus.
- Experience in debt restructuring advisory or distressed credit investment is a plus.
- Ability to independently formulate and advocate investment recommendations rather than relying on consensus views.
- High degree of intellectual curiosity, commercial judgment, and attention to detail.
- Passion for credit investing and a desire to build a long-term career in investment research.
- Strong academic credentials and record of achievement; MBA preferred.
- CFA and/or CMA designation is a plus.
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.