Portfolio Management Specialist
3 weeks ago
About the Role
We are seeking a highly skilled Portfolio Administration professional to join our team at Penobscot Financial Advisors. As a Portfolio Administration Specialist, you will be responsible for managing the implementation of investment models in client portfolios, maintaining our portfolio management system, and overseeing reporting.
Key Responsibilities
- Manage the Portfolio Accounting System (Black Diamond) to ensure proper investment and billing setup and accuracy of reporting.
- Maintain client portfolios in alignment with client risk tolerance, firm research recommendations, and agreed-upon models.
- Trade and rebalance client accounts.
- Support the Portfolio Manager in preparing performance reports.
- Maintain professional competencies and adherence to the firm's ethical and cultural values.
Requirements
- Bachelor's degree in a relevant field.
- Familiarity with portfolio accounting software applications.
- Basic knowledge of portfolio construction and investment research.
- Understanding of financial markets and the financial services industry.
- Knowledge of compliance regulations.
Experience
- 2+ years of experience in financial services, preferably with a wealth management firm.
Skills
- Proficiency in portfolio accounting systems, database management, and Excel.
- Strong quantitative and qualitative analytical skills.
- Ability to work effectively as part of a team.
Benefits
- Annual Salary of $52,000-$78,000, based on experience.
- Quarterly Team-Based Compensation.
- 401(k) with company matching.
- Profit-sharing 401(k) plan.
- Company-sponsored medical, dental, and vision insurance.
- Health Savings Account (HSA) and Flexible Spending Accounts (FSA).
- Employer-paid short-term, long-term disability insurance, and life insurance with AD&D.
- Hybrid work.
- Unlimited PTO.
- 11 paid holidays.
- 4-week paid sabbatical every 5 years of service.
- 12-week paid parental leave (after 12 months of employment).
- Charitable giving matching program.
- Financial planning reimbursement.
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