What are the responsibilities and job description for the Portfolio Manager position at Rockland Trust?
Job Description
Portfolio Manager
Rockland Trust Company’s fast growing Investment Management Group with approximately $9B in AUA has an exciting opportunity for the right motivated individual in our group. The position as a portfolio manager will be located on the north shore area and eventually assist in coverage throughout Massachusetts and lower New Hampshire. The position will work directly with a senior portfolio manager /senior vice president. As part of the integration process the position will implement trading on over $1.7 billion in assets to gain familiarity with the business.
About The Job
Investment Strategy and Portfolio Management
The portfolio manager is responsible for making investment decisions for portfolios belonging to municipal institutions. The ideal candidate will be deeply involved in the investment philosophy and processes, which includes actively participating in large cap core equity stock selection, domestic fixed income security selection, asset allocation, and diversifying manager analysis.
Client Engagement and Communication
This role requires strong client relationship management skills. The candidate should have experience meeting with clients and proactively maintaining regular contact to ensure positive and productive account relationships are built and sustained.
Responsibilities
Portfolio Manager
Rockland Trust Company’s fast growing Investment Management Group with approximately $9B in AUA has an exciting opportunity for the right motivated individual in our group. The position as a portfolio manager will be located on the north shore area and eventually assist in coverage throughout Massachusetts and lower New Hampshire. The position will work directly with a senior portfolio manager /senior vice president. As part of the integration process the position will implement trading on over $1.7 billion in assets to gain familiarity with the business.
About The Job
Investment Strategy and Portfolio Management
The portfolio manager is responsible for making investment decisions for portfolios belonging to municipal institutions. The ideal candidate will be deeply involved in the investment philosophy and processes, which includes actively participating in large cap core equity stock selection, domestic fixed income security selection, asset allocation, and diversifying manager analysis.
Client Engagement and Communication
This role requires strong client relationship management skills. The candidate should have experience meeting with clients and proactively maintaining regular contact to ensure positive and productive account relationships are built and sustained.
Responsibilities
- The main role of the position to begin will be trade implementation for client investment portfolios both municipal. Work with a senior portfolio manager to initiate trades across a $1.7 billion book of business.
- Build new portfolios to client objectives, invest additional cash into portfolios, raise funds as need and regularly rebalance portfolios to target asset allocations across asset classes.
- Work within an array of systems to invest client assets within various investment models consisting of individual equities, bonds and funds.
- Responsible for checking proper allocations, strategies, guidelines and unique portfolio restrictions.
- Monitor daily cash positions for client portfolios with overdrafts and un-invested cash balances and communicate with senior PM for appropriate actions.
- Assist in the preparation of reporting for client and prospect meetings, actuaries and audits.
- A member of the fixed income team and will assist on execution and routing of trades through electronic trading platforms as well as creating portfolio analytics.
- Also, a member of the Investment Team to provide in-depth investment analysis for prospective client portfolios.
- Produce ad-hoc analysis and reports regarding industry trends, composite investment performance comparisons, and portfolios statistics.
- A candidate must possess strong investment and communication skills
- Ability to establish and maintain effective working relationships
- 5 years related experience
- Bachelor’s degree with emphasis on finance/economics; advanced degree, MBA/CFA/CFP preferred
- Progress toward or eagerness to complete the Chartered Financial Analyst ® (CFA ® ) program
- Analytical, organizational, teaming and presentation skills
- Broad knowledge of finance, accounting, and economics
- Highly organized with exceptional attention to detail and follow-through
- Effective verbal and written communication skills
- Ability to identify and resolve discrepancies with minimal supervision
- Perform well a team environment
- System knowledge of Moxy and SEI Strategy Manager desirable
- Investment work-related systems (e.g. Bloomberg, FactSet, Morningstar, TradeWeb, MarketAxess) a plus
- Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!
- At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
