What are the responsibilities and job description for the Private Credit Deal Closing Specialist position at Pacific Life?
Job Description:
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future - including your own.
We're actively seeking a talented Private Credit Deal Closing Specialist to join our Private Asset Investment team in Newport Beach, CA. The Private Asset team manages a rapidly growing portfolio of over $20 billion of AUM and operates within the Pacific Life Investment division that manages over $130B of AUM.
As a Deal Closing Specialist, you will be responsible for coordinating deals from trade approval through to funding, ensuring seamless execution and collaboration across all involved parties.
How you'll help move us forward:
Due Diligence: Coordinate due diligence processes, ensuring all required information is collected and reviewed.
Execution:
Documenting authorization memos, pricing confirms and trade tickets
Booking trade order in Bloomberg
Support swap indemnity letters
Capturing and storing final documents
Coordination: Serve as the primary point of contact between internal teams (legal, operations, treasury, compliance, risk management) and external stakeholders (banks, legal advisors).
Coordinating communications between internal and external stakeholders.
Communicating trade commitments to legal and operations
Coordinating portfolio allocations, signatures on legal documents, including swap indemnity and execution letters, wire authorization, and deal set-up in the surveillance system.
Maintain clear and consistent communication with all parties involved in the deal, providing regular updates on progress and addressing any issues that arise.
Compliance: Ensure all deals comply with internal policies and regulatory requirements (e.g. OFAC).
Reporting: Generate and present reports on deal status, highlighting any potential risks or delays.
The experience you bring:
Bachelor's degree in finance, economics, business administration, accounting, or a related field
Minimum 5 years of experience in finance, investment operations, or a related field
Strong organizational, multitasking and project coordination skills
Proficiency in financial software (e.g. Bloomberg, Tamale) and Microsoft Office Suite
Experience with fixed income investments
Proven experience in managing multiple stakeholders and multiple tasks simultaneously
High attention to detail and accuracy
What makes you stand out:
Experience with private credit transactions
Familiarity with legal documentation and compliance requirements
Excellent communication and interpersonal skills
Ability to work under pressure and meet tight deadlines
You can be who you are.
People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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Base Pay Range:
The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$98,100.00 - $119,900.00Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Salary : $98,100 - $119,900
