Portfolio Management Specialist

3 weeks ago


Reston, Virginia, United States Penobscot Financial Advisors Full time

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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