Trading & Portfolio Specialist

Petersen-Hastings; Kennewick (WA); On-site; USD 70,000 - 90,000; Full time

Job summary

Petersen Hastings Wealth Advisors is seeking an Investment Operations Specialist to join our close-knit wealth management team. The role involves executing securities transactions, maintaining asset allocation targets, preparing financial reports, and supporting portfolio strategies for new and existing clients.

Ideal candidates have 2–5 years in investment operations, a bachelor’s degree in a related field, and a Series 65 license preferred.

Qualifications

• Bachelor’s degree in business administration, economics, or related field preferred.
• Minimum of 2-5 years of related experience in an investment operations role in the financial services industry.
• Series 65 license preferred.
• Proficient in mathematical concepts and calculations.
• Excellent research and problem-solving abilities.

Responsibilities

• Trading: Implement asset allocation plan, portfolio rebalancing, buy/sell/exchange securities as needed, cash investments, tax loss harvesting.
• Execute money movement: distributions, contributions.
• Understand investment options, strategies, and vehicles.
• Perform database maintenance/updates in Trading System, escape and resolve issues as needed.
• Perform account maintenance: product set up, model set up/updates, cost basis.
• Review and execute proxy voting.
• Understand and apply custodian fee schedules.
• Investigate reconciliation and settlement issues.
• Communicate with custodians regarding trade related interfaces and best execution.
• Assist in creating internal reports/processes for monitoring data points.

Skills

Trading

Portfolio operations

Analytics

Office 365

Research

Education

Bachelor’s degree in business administration, economics, or related field

Tools

Trading System

Excel

Job description

It’s a great time to join our close knit and growing, fiduciary wealth management firm. Get all the advantages of working with a large company in a small business environment. Not only do we take pride in what we do, we have fun changing lives every day!

As recognized by InvestmentNews and the Tri-Cities Journal of Business as a “Best Place to Work for Financial Advisors,” Petersen Hastings Wealth Advisors is a high-energy, collaborative team, with a mentoring culture that focuses on excellence, integrity, and servicing our clients to the best of our ability. If you have a desire to grow in the financial services industry, enjoy being incentivized for exceptional work, and thrive on exceeding the financial needs and goals of our clients.

Overview

The Investment Operations Specialist is part of an internal group of professionals with broad financial backgrounds focusing on wealth management and financial consulting. The Investment Operations Specialist is responsible for working with the Petersen Hastings team to perform a wide range of investment related services for new and existing clients. These duties include execute security transactions (equity and fixed income), review and maintain client account asset allocation targets, prepare financial reports, and provide general support and research of portfolio and investment strategies.

Essential Duties and Responsibilities

• Trading: Implement asset allocation plan, portfolio rebalancing, buy/sell/exchange securities as needed, cash investments, tax loss harvesting.
• Execute money movement: distributions, contributions.
• Understand investment options, strategies, and vehicles.
• Perform database maintenance/updates in Trading System, escape and resolve issues as needed.
• Perform account maintenance: product set up, model set up/updates, cost basis.
• Review and execute proxy voting.
• Understand and able to communicate and apply custodian fee schedules.
• Thoroughly investigate and follow up on reconciliation and settlement issues.
• Communicate with custodians regarding trade related interfaces, best execution, etc.
• Assist in the creation of internal reports/processes for monitoring data points.

Prerequisites

Education and Experience

• Bachelor’s degree in business administration, economics, or related field preferred.
• Minimum of 2-5 years of related experience in an investment operations role in the financial services industry.
• Series 65 license preferred.

Skills and Knowledge

• Proficient in mathematical concepts and calculations.
• Excellent research and problem-solving abilities.
• Detail-oriented with a high degree of accuracy.
• Spirit to serve; detailed, flexible, reliable, genuine concern for client satisfaction.
• Comprehensive understanding of investment products, securities operations, and the servicing requirements of specific entities.
• Proficiency in Office 365.
• Demonstrated sensitivity to and ability to identify critical information; the ability to quickly research and collect pertinent information, to integrate essential information, and use that information to define and test options and alternatives.
• Demonstrated ability to develop recommendations and justification for the most productive course of action - requiring insightful and creative skill in reasoning and logic, and in quantitative analysis.
• Excellent knowledge of and demonstrated experience in trading and interest in investment research.

Personal and Interpersonal

• Committed to strong values and upholding the highest ethical behavior.
• Adhere to strict standard for confidentiality and discretion of all client information.
• Ability to project a professional image of her/himself and Petersen Hastings to clients, prospects, and other third parties.
• Work well under pressure and willing to contribute to the wider strategic picture.
• Capable of developing partnerships with internal departments and external organizations with clarity, flexibility, and sensitivity.
• Collaborative, able to work with and through others.

About Petersen Hastings Wealth Advisors

With current offices located in Kennewick and Walla Walla, WA, Petersen Hastings provides financially established individuals with clear and personalized visions of their unique financial futures. The result is a more meaningful wealth management experience because of the connections between the firm, advisor, and client.

We do this by utilizing our proprietary client discovery process to dig deeper into each individual situation, always acting only in the best interests of our clients, and by building a team of great advisors through a culture of shared success. For more information about Petersen Hastings, please visit us at: www.PetersenHastings.com.

If you find that you have the above characteristics, we invite you to discuss being a part of our team.

Petersen Hastings is an equal opportunity employer.