Position Description:
The Assistant/Junior Trust Portfolio Manager is responsible for assisting with the day-to-day management of client accounts, helping with investment research & analysis, and supporting marketing activities to increase the number of accounts administered. A Junior Portfolio Manager would be expected to meet with clients and manage a portfolio of client accounts, while an Assistant Portfolio Manager would grow into that role. Position Responsibilities:
Assistant Portfolio Manager expected to do the following and grow into Junior Portfolio Manager duties.
Create reports on investment-related performance and activity and review reports for accuracy
Monitor asset allocation relative to policy and goals
Conduct ongoing research regarding securities and market & economic trends
Manage fixed income maturities and reinvestment
Work with Operations department to complete projects
Maintain records and files of all portfolio activity
Monitor and implement investment models
Place and monitor trades for completion
Maintain relationships with third-party vendors
Other tasks as needed Junior Portfolio Manager expected to be able to complete Assistant Portfolio Manager duties plus the following:
Communicate with clients about their accounts, market conditions and economic and market trends
Establish client investment objectives, including risk tolerance, asset allocation, and cash requirements
Explain and differentiate between various investment opportunities
Coordinate investments with administrators and their clients
Responsible for investment review portion of annual account review process
Other tasks as needed Please note this description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Knowledge, Skills, and Abilities: Skills & Abilities -
Strong written, verbal, interpersonal and analytical skills, including ability to interact effectively with customers, employees and management are essential
Outstanding interpersonal and organizational skills
The ability to plan and execute multiple projects and initiatives balancing department and organizational demands and resources is a must; work must be completed with quality and accuracy
Work in a team environment while promoting a positive attitude toward teamwork
Accept and respond to changes in the work environment
Willingness to pursue advanced certifications such as CFA, CFP, CAIA, ChFC, or AIF Experience: -
College, course work, or work experience that has provided a basic understanding of equities, bond, ETF, and/or Mutual Fund investments. Education: -
Bachelors Degree in Business or related field preferred
Goal of obtaining CFA Charter or CFP. Competencies: -
Ability to handle a wide variety of tasks: client-related, investments, and operational
Communicates clearly and effectively
Demonstrates ability to translate financial language into laymans terms for explanatory purposes
Maintains professional and confident demeanor
Demonstrates ability to make informed and logical decisions
Exhibits ability to remain calm and think analytically during stressful situations
Possesses detailed knowledge of economic theory and financial terminology
Possesses detailed knowledge of best investment practices
Possesses strong analytical and problem-solving skills
Is capable of applying economic theory and research to daily management activity Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk and listen to members and other employees. Physical activities include a combination of constant sitting, constant hand motion and occasional standing/walking. These activities are not necessarily performed to the same degree and combination every day.
Applicants must pass a drug screen and background checks
Internal applicants must be meeting the minimum requirements of their current job and submit a cover letter and resume via the employee portal
Travel and Environment:Travel:
Travel is primarily local during the business day, although some local evening and weekend travel may be expected.
Work Environment:
The majority of working hours will be spent in an office setting monitoring portfolios and meeting with clients.
Some local travel for client meetings may be necessary.
Workweeks often exceed the standard 40 hours.
Work environment may be high stress in periods of economic downturn or market instability.