Portfolio Administrator

Coldstream; Bellevue (WA); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive base pay plus annual bonus

Fully paid premiums for medical/dental/vision

100% company match on 401(k)

Paid Time Off starting at 20 days per year

Paid parental leave for new parents

Wellness reimbursement

Job summary

Coldstream in Bellevue is seeking a Portfolio Administrator to support wealth management teams. Key responsibilities include generating trade orders, providing research support, and managing new client setups. Candidates should have a Bachelor’s in a related field and strong skills in organization and Excel.

The position comes with competitive pay, benefits covering medical, dental, and vision, and various opportunities for career development including training and mentoring.

Qualifications

• 1-2 years of experience as an analyst with an RIA or asset manager.
• Willingness to obtain FINRA Series 65 within 12-18 months.
• Experience with CRM software is a plus.

Responsibilities

• Generate and execute daily trade orders.
• Support the portfolio management team with research.
• Facilitate new client setup in Tamarac.

Skills

Strong organizational skills

High proficiency with Excel

Strong communication skills

Detail orientation

Intellectual curiosity

Education

Bachelor’s degree in Economics, Finance, or related field

Tools

Salesforce CRM

Bloomberg

Morningstar

Tamarac

Job description

Overview

Are you looking for an opportunity to advance your career in wealth management and increase your investment knowledge? Coldstream Wealth Management is looking for a Portfolio Administrator to support two of our wealth management teams in Bellevue and Kirkland.

Responsibilities

• Generating and executing daily trade orders and model-based portfolio rebalancing
• Providing research and analysis to support the portfolio management team in their investment-related decisions
• Facilitating new client setup in (Tamarac)
• Supporting Wealth Managers and the portfolio management team on ad hoc projects
• Participating in ongoing monitoring and reporting regarding private investments
• Assisting in ongoing due diligence for public markets managers
• Create and maintain documentation regarding wealth manager investment practices
• Answering team members’ questions related to the rebalancer (Tamarac) and funds’ custodian-specific attributes (minimums, fees, restrictions, etc.)
• Monitoring cash and yield alternatives and communicating best thinking to team
• Executing model portfolio audits and projects
• Utilizing Salesforce CRM to communicate and execute requests

Experience And Skills

• A Bachelor’s degree in Economics, Finance, or a related field
• FINRA Series 65 or willingness to obtain it within the first 12-18 months (Coldstream to cover the cost)
• 1-2 years of experience as an analyst with an RIA, asset manager, or similar firm; knowledge of private investments is a plus
• High proficiency with Excel
• Strong organizational skills, detail orientation, and the ability to manage multiple priorities
• The ability to communicate effectively with a wide range of people in a professional manner, using proper grammar, tact, courtesy, and good judgment
• Experience with Bloomberg and/or Morningstar is preferred
• Experience with CRM software is a plus as is experience with Tamarac or a similar trading platform
• Intellectual curiosity and a passion for learning about investing and financial markets

Job Benefits

• Pay: Competitive base pay plus annual bonus
• Benefits: Fully paid premiums for medical/dental/vision, short-term and long-term disability, and life insurance
• 401(k): 100% company match up to 4% of your annual pay
• Stock: Opportunity to purchase equity and become an owner of the firm
• Paid Time Off: Starting at 20 days per year (increases with tenure) - plus 10 holidays and an extra paid day off each year to do volunteer work
• Career development: 100% training/certification/licensing/dues reimbursement plus a formal mentoring program
• Parking: heavily subsidized parking (you pay $36 per month) or transit pass
• Wellness reimbursement
• Paid Parental leave: 12 weeks paid for all new parents
• Paid sabbaticals every 10 years and anniversary bonuses every 5 years

About Coldstream

Coldstream is an employee-owned, independently operated wealth management firm that’s been earning the trust of affluent families and businesses since 1996. We offer a comprehensive, holistic approach to planning and focus on providing unparalleled advice and exceptional service. We welcome new colleagues who believe in our same approach, value open communication, and believe in trusting, life-long relationships. The firm has offices in Bellevue, Mercer Island, Seattle, Kirkland, Portland, Bend, Boise, and Kenai, Alaska. For more on Coldstream, please visit www.coldstream.com.

Diversity and Inclusion

Coldstream is committed to inclusion and diversity. To us, diversity means employing team members of different races, genders, ages, physical abilities, national origins, religions, sexual orientations, ethnicities, political ideologies, educational and military backgrounds, and more. We welcome, support, and respect all team members, and we value the wide variety of experiences, opinions, and talents that they bring to the company. As we grow, we continue to cultivate an environment in which all team members’ perspectives and contributions are treated with respect, and every individual feels confident that they belong and are empowered to be their best.