What are the responsibilities and job description for the Portfolio Rebalancing Associate (AI Focus) position at Foster & Motley, Inc.?
About Us:
Foster & Motley is a steadily growing, independent, employee-owned, fee-only firm that provides clients with investment management and comprehensive financial planning. We currently manage over $2.5 Billion in client assets and have 50 dedicated employees. The firm's culture promotes collaboration, professional growth, and a commitment to providing exceptional client service.
Position Summary:
The Portfolio Rebalancing Associate will support the Investment Management team with managing client portfolios of individual stocks and bonds, including account monitoring, rebalancing portfolios, and cash management. This position combines traditional portfolio management support with the use of artificial intelligence and automation tools to enhance accuracy, efficiency, and scalability within the rebalancing process.
Essential Functions:
- Assist in the development and execution of investment strategies across asset classes.
- Conduct in-depth financial analysis, valuation modeling, and market research.
- Monitor portfolio performance and prepare regular reports for clients and internal stakeholders.
- Review portfolios and identify accounts that require rebalancing.
- Execute trades to bring portfolios back in line with target allocations.
- Support due diligence on potential investments, including industry analysis and risk assessment.
- Stay current on macroeconomic trends, regulatory changes, and market developments.
- Maintain and update investment databases, tools, and performance tracking systems.
- Utilize artificial intelligence to streamline and automate the portfolio rebalancing process, as well as other ad hoc Investment Management processes.
- Provide analytical and operational support to the Fixed Income Portfolio Manager.
Minimum Education and Experience Required:
- Bachelor’s degree in Business Administration, Finance, Accounting, or related field
- Willingness to pursue Series 65 exam and CFA® designation
- Experience in investment management, equity research, or financial analysis preferred
- Experience with portfolio rebalancing tools or systems (e.g. Tamarac) is preferred
- Proficiency in financial modeling, and Bloomberg or similar platforms is preferred
- Excellent analytical, quantitative, and problem-solving skills
- Effective communication and presentation skills
- Proficient in Microsoft Office programs (Outlook, Excel, PowerPoint, etc.)
- High attention to detail and ability to manage multiple tasks under tight deadlines
- Adhere to ethical and confidentiality standards
What This Role Offers:
- Competitive salary commensurate with experience
- Annual bonus
- Safe Harbor 401(k) plan with discretionary profit sharing
- Medical, Short-Term/Long-Term Disability and Group Life insurance
- Paid time off and paid parental leave
- Opportunities for professional growth and continuing education
- Up to 16 hours per week of remote work flexibility, starting after 90-days of employment