Portfolio Services Associate

Envestnet; Berwyn (PA); Hybrid; USD 49,000 - 61,000; Full time

Benefits offered by this job

Medical insurance

Paid time off

401k match

Job summary

Envestnet, Berwyn, PA, is seeking a Portfolio Services professional to provide back-office support for Registered Investment Advisors. You’ll ensure data accuracy in Portfolio Center and deliver monthly and quarterly reports, while assisting with onboarding, data verification and portfolio alignment.

You’ll monitor queues, resolve data issues, support trade processing, and contribute to process improvements within a collaborative team. The role emphasizes detail, accuracy, and SLA adherence.

Qualifications

• Knowledge of financial markets, equities, fixed income, mutual funds, and ETFs.
• Proficient in Word, Excel, and PowerPoint.

Responsibilities

• Provide back-office support and customer service for Registered Investment Advisors.
• Ensure data and accounting accuracy in Portfolio Center and prepare monthly/quarterly reports.
• Perform account setup, maintenance, data entry and model implementation.
• Monitor work queues and portfolios for exceptions and data issues.
• Assist with onboarding, data verification and portfolio alignment.
• Support trade processing, rebalancing, cash movement and model updates.

Skills

Financial markets knowledge

Microsoft Word

Microsoft Excel

PowerPoint

Portfolio Center

Education

Bachelor’s degree or equivalent work experience

Tools

Portfolio Center

Job description

Description

Job Location

The primary work location for this role is the Berwyn, PA office with a hybrid work model.

About Envestnet

Envestnet is an adaptiveWealthTechcompany that isredefining the future of wealth management byhelpingadvisors meet the moment with its comprehensive technology, actionable insights, and industry leading support.Backed byover25 years of experience and approximately$7.0 trillionin platform assets, Envestnet is trusted by over one third of financial advisors across leading banks, wealth managers, brokerages, and RIAs.

For a deeper look at how Envestnet is shaping the future of financial advice, visitwww.envestnet.com.

The Team You’ll Join

You’ll join the Portfolio Administration Services team within Trade Services, supporting the day-to-day monitoring and administration of client accounts on Envestnet’s trading and account management platform. This team works in a collaborative, fast-paced environment to execute and review trading activities, support process and technology improvements, and help deliver a best-in-class experience for investment advisors.

How You’ll Contribute

Provides back-office support and customer service for a book of business Registered Investment Advisors. Serves as the primary point of contact responsible for ensuring data and accounting accuracy in portfolio management software (Portfolio Center), providing monthly and quarterly deliverables (management fee calculations and client report packages), and responding to client requests and questions regarding their data.

• Gains familiarity with Portfolio Services concepts, processes, tools and operational procedures.
• With guidance, performs a variety of Portfolio Services duties, including:
• Supporting routine operational activities such as account setup and maintenance, data entry and model implementation,
• Monitoring assigned work queues and portfolios for exceptions, drift and data issues,
• Resolving or escalating issues, exceptions, errors and unresolved routine issues,
• Assisting with onboarding and conversion activities, including data verification, documentation review and portfolio alignment
• Supporting account reconciliation and issue follow-up activities.
• Maintains accurate and organized records of completed work and processing activities.
• Supports trade processing, rebalancing activities, cash movement and model updates in accordance with established procedures and portfolio guidelines.
• With guidance, executes trade instructions, reviews recommended transactions in accordance with established managed account guidelines and consolidates transactions across accounts for execution and allocation, as appropriate.
• Performs quality control reviews to ensure transaction, data and portfolio accuracy.
• Assists with reconciliation activities and researching routine account breaks with guidance.
• Responds to internal and external inquiries about portfolio activity, account status and operational processes.
• Assists with testing system enhancements, model updates and process changes.
• Participates in discussions with business and technical analysts to define and test process and technology improvements that enhance the effectiveness and efficiency of the investment process.
• Completes all tasks within established SLA and quality standards.
• Adheres to regulatory requirements and company and client policies, standards and procedures.

What You’ll Need to Bring

• Candidates should demonstrate the relevant experience, skills, and capabilities needed to successfully perform in the role. Relevant experience may be gained through current responsibilities, prior roles, project work, leadership opportunities, or other comparable experiences.
• An individual who can work in a high stress environment while focusing on the greater good.
• Strong attention to detail with an adaptable approach in order to achieve multiple objectives.
• Maintain an analytical approach by creating ideas to improve required process’ into a manageable procedure.
• Ability to communicate effectively with internal/external parties.
• Knowledge of financial markets, equities, fixed income, mutual funds, and ETFS.
• Proficient in Microsoft Word, Excel, and PowerPoint

Nice-to-Haves

• Bachelor’s degree or equivalent work experience preferred.
• Knowledge of Envestnet’s account management processes, procedures, and systems.

Why You’ll Enjoy Working at Envestnet

Help shape the future of WealthTech. At Envestnet you’ll gain hands-on experience and collaborate with some of the industry’s brightest minds to deliver meaningful, innovative solutions that make a real difference.

We value flexibility in how and where work gets done, and we recognize strong performance with meaningful rewards—because your contributions should drive both business success and your own personal growth. If you’re looking for a place where your work has impact, your development is supported, and your contributions are truly valued, Envestnet is where you can build your future.

The opportunity is now!

Sponsorship

This position is not open to candidates requiring visa sponsorship

Our Investment in You

This role offers a base salary range of 48,500 - $60,600. The range listed represents a good-faith estimate of base salary compensation for this position and does not include incentive compensation, equity or benefits. Individual pay will determined based on factors including, but not limited to, relevant experience, skills, education, certifications, and geographic location, in accordance with applicable pay transparency laws. This role is eligible for an additional incentive component as part of the total rewards package. We provide a comprehensive suite of benefits - subject to Envestnet’s plan eligibility rules - that support your overall well-being including, medical insurance, paid time off (PTO), 401k company match, paid parental leave, education reimbursement, disability coverage and mental health & wellness support. Our investment in you means supporting you professionally, financially, and personally at every stage of your journey with us. Please visit our benefits page on our career site to learn more.

Our Commitment to Inclusion & Belonging

Envestnet is an Equal Opportunity Employer and is committed to creating an inclusive environment for all employees and applicants. We welcome and value individuals of all backgrounds and do not discriminate based on race, color, religion, creed, sex (including pregnancy or related medical conditions), gender identity or expression, sexual orientation, national origin, ancestry, age, disability, genetic information, military or veteran status, citizenship status, or any other status protected by applicable law. We encourage individuals from all backgrounds to apply.

We strive to provide an inclusive application and interview process. If you are a candidate with a disability and require reasonable accommodation, please contact us at [email protected]. Please include your full name, the title of the role you are applying for, and the accommodation necessary to assist you with the recruiting process.