Portfolio Management Associate

Pzena Investment Management, LLC is a registered investment adviser and broker-dealer managing approximately $80 billion in global equity assets. We provide equity investment management services for institutional investors, leading corporate, public and individual clients on a world-wide basis by way of separate accounts, sub-advised mutual funds, and other commingled vehicles since our firm founding in 1995.

Our team of over 160 employees is mostly based in our headquarters in Manhattan and we have additional offices in London, Dublin and Melbourne. We are a growing company, in the size of our team, our locations, and our assets under management. We seek partners, not just employees, at every level in the firm and are looking for an exceptional new team member to grow with us. At Pzena, we invest in your career and have a strong track record of internal mobility.

We are seeking a highly qualified Portfolio Management Associate to join our Operations team. You will work with the Portfolio Accounting, Trading, Trade Settlement, Application Development, Business Systems Analyst, and the Investment teams to implement our investment decisions operationally. Success in this role means you will demonstrate responsiveness, accountability, and exceptional attention to detail. You will communicate effectively with, and be a trusted operational resource to, our Investment team. You will be an engaged team member and have interest in learning and executing our value investing strategy.

Key Responsibilities

• Be a reliable resource to our Investment team as you interact directly with them to understand and implement their investment decisions
• Create foreign and domestic equity trade instructions for all portfolios in a timely and thoughtful manner as you adhere to the firm and client directed guidelines, to ensure trade compliance for both pre-trade and post-trade evaluations
• Provide excellent client service through high quality client reporting and communication
• Ensure quality control through detail-oriented security setup and valuation review for all securities
• Respond to operational inquiries internally and externally to achieve our standards of excellent service
• Act as an engaged member of the Operations team to contribute to it fulfill its business goals

Portfolio Implementation – 70% per month

• Implement the investment strategy set out by the firm for various our products
• Participate in meetings with the Investment team to review changes to investment strategies
• Create equity trades in response to portfolio reviews, cash flows, tax trading, and adherence to compliance rules
• Submit trades for model manager accounts, retail UMA and SMA platforms
• Research reasons for dispersion and prepare materials for reviews with the Portfolio Management team

Compliance – 20% per month

• Monitor daily pre-trade compliance using electronically coded alerts or manual review
• Read, review, and maintain client portfolio guidelines as part of the account setup and ongoing administration of accounts
• Code compliance rules on client accounts
• Review sanctions list, social and environmental restriction lists, and client restriction lists and/or client restrictions

Client Correspondence & Reporting – 10% per month

• Create high client satisfaction by responding with accuracy and urgency to all client inquiries
• Write and update RFP responses together with the Marketing team
• Meet all scheduled and unscheduled reporting requirements

Duties, responsibilities, and activities may change at any time.

Requirements

Basic Qualifications

• Bachelor’s Degree
• 2-4 years of experience in this or a related role
• Proficiency with Microsoft Office suite

Salary Range: $80,000 - $95,000 USD Annually

The actual base salary may vary depending on factors, including, but not limited to location, work experience, education, training, skill level, and market conditions. At Pzena Investment Management, base salary is just one component of the total compensation, which may include, year-end discretionary bonus and employee benefits.

At this time, Pzena Investment Management will not sponsor an applicant for employment authorization for this position.