Portfolio Associate

First Manhattan Co.; New York (NY); On-site; USD 85,000 - 105,000; Full time

Job summary

A financial services firm in New York is seeking a Portfolio Associate to join their growing team. The ideal candidate will have 1-2 years of experience and be required to obtain Series 7 and 63 licenses within three months of hire. Responsibilities include client interactions, preparing reports, and assisting in trading. Compensation is competitive, with a salary range of $85,000 - $105,000 and a discretionary year-end bonus.

Qualifications

• 1-2 years of relevant Portfolio Associate experience.
• Series 7 and 63 licenses within 3 months of hire.
• Strong client skills and attention to detail.

Responsibilities

• Conduct phone and in-person client interactions.
• Open new client accounts and prepare investment reports.
• Assist in trading and foster client relationships.

Skills

Client interaction skills

Problem-solving

Organizational skills

Detail-oriented

Software learning ability

Tools

MS Word

MS Excel

Job description

The Firm is seeking a Portfolio Associate to join a busy, growing book of business.

Qualifications:

The ideal candidate will have 1-2 years of relevant Portfolio Associate experience and will work collaboratively with the entire team under the team's Chief Operating Officer. Must have Series 7 and 63 licenses within 3 months of hire. Ideally the candidate is already licensed.

This role operates as part of a larger team of ten, including five Portfolio Managers, two CFP® professionals and three other Portfolio Associates. True intellectual curiosity, organizational skills and attention to detail is critical in this role, paired with a “roll up your sleeves” attitude. Must be able to work well in a team environment with shared responsibilities.

Responsibilities:

• Strong client skills required; frequent phone and in-person client interactions
• Candidate will share administrative functions with the other Portfolio Associates
• Functions include opening new client accounts, preparing investment reports, and assisting in trading
• Foster client relationships with prompt attention to service requests from existing clients (e.g., distribution requests, name changes, address changes, etc.)
• Prepare client reporting on an ongoing basis
• Preferred 1-2 years of experience as a Portfolio Associate in related asset or investment firm
• Strong problem solver. Able to identify and resolve problems in a timely manner with minimal direction.
• Able to raise problems quickly or admit errors and resolve quickly if needed
• Ability to prioritize and plan work activities, change plans as workload dictates, and multitask
• Proficient in MS Word and Excel - ability to learn new software systems required
• Strong organizational skills required and ability to work with teams broadly across the Firm
• Detail-oriented and operate across different departments internally
• Must be an independent thinker, able to take initiative, and have confidence
• The right candidate will be approachable to clients and internal constituents

Hours:

40 hours per week with overtime as needed

Job type:

Full-time

Required experience:

Portfolio Associate: Preferred 1-2 years

Required license or certification: Series 7 and 63 or within 3 months of hire.

Compensation:

Compensation will be competitive. The salary range is $85,000 - $105,000. There will be a discretionary year-end bonus offered as well.

First Manhattan is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.