Portfolio Manager

Description

Position Title: Portfolio Manager

Department: Wealth Management/Trust

Position Reports to: Director of Trust or Director of Portfolio Management

Position Supervises: No Direct Reports

Position Summary:

The Portfolio Manager is responsible for supporting the Director of Portfolio Management and assisting in the sales process for prospective investment management and 401K clients. Follows fiduciary and prudent investor guidelines to assist in creating, monitoring and maintaining the trust investment management platform. Demonstrates and implements our Trusted Advisor strategy to all internal and external customers. Supports the company’s mission by maintaining a high-level of customer service through retaining and expanding existing business and developing new customer relationships.

Duties and Responsibilities:

• Support the Director of Portfolio Management in the creation and management of client investment portfolios in line with approved policies and investment guidelines

• Faithfully execute our fiduciary duties, administering portfolios in good faith in accordance with the terms and purposes of the investment policy statement, while balancing the interests of the clients or beneficiaries and adhering to department polices, strategy and Prudent Investor Guidelines

• Maintain current understanding of regulations as they relate to fiduciary issues and investments

• Maintain knowledge of key financial, investment and risk management concepts. Research topics including the economy, financial markets, investment management, annuities, social security issues, tax issues, insurance issues, long-term care benefits and other relevant matters

• Assist with investment recommendations based on research

• Monitor and analyze portfolios for tax gain/loss and asset allocation and assist in rebalancing

• Keep minutes and prepare materials for TIC; provide reports to Trust Administration and Investment Review Committee and Trustee Committee as needed

• Assist in new business development in trust and investment related areas by partnering with trust officers and wealth advisors as necessary

• Actively participate in the administration of the Bank’s 401K plan by reviewing investment options, acting as a liaison to the plan provider and responding to employee inquiries

• Prepare documents for fiduciary reviews, conduct participant education, and provide support for enrollment/re-enrollment for retirement plan accounts

• Create, design, customize and present proposals and investment strategies to help clients reach personal financial goals

• Place trades to raise cash for distribution or other portfolio rebalancing measures

• Respond to advice-related client calls and place outgoing client courtesy calls. Solve client issues with research and phone calls. Fulfill client service requests

• Represent the Bank by becoming active in the community. Actively participate in service organizations, community activities, etc. to promote a positive bank image and to generate leads for new business development

• Develop and maintain relationships with bank personnel to expand understanding of trust and investment management services and to stimulate referrals. Promote the services of the Bank through internal referrals

• Participate in departmental meetings and duties

• Maintain timely and accurate records and files in good order including maintaining strong compliance documentation

• Comply with internal security policies and procedures and maintain customer confidentiality

• Adhere to all regulations, policies, and record keeping requirements. Complete all required training related to bank regulations and policies

• Complete other duties as assigned

Position available to work from open office space, in our Bank footprint.

Education, Certification, License and Experience:

• Undergraduate degree in business, economics or equivalent work experience with background in the financial services industry is required

• Experience in investment portfolio management (1+years) with significant knowledge of trust and investment laws

• Securities licensed (preferred but not required)

Skills and Knowledge:

• Proven sales skills with experience in related services

• Effectively communicate and work well with team and customers in all types of environments.

• Possesses strong analytical skills; systematic approach to tasks

• Able to see big picture and prioritize; deadline and detail sensitive

• Excellent computer skills; ability to learn in-house programs and tools

• Skilled in basic statistics and quantitative products portfolio theory

Work Environment:

This job operates in a professional office environment. Work is normally performed in a typical interior work environment which does not subject the employee to any hazardous or unpleasant elements.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to speak or hear, stand or sit for long periods of time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds, occasionally lift and/or move up to 25 pounds and complete tasks requiring manual dexterity. Ability to drive a vehicle for travel is required for the position.

Premier Financial Corp is an Affirmative Action and Equal Opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any other legally protected status.

The above statements are intended to describe the essential functions of the job and the qualifications of the person assigned to it. They are not intended as an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description does not constitute a contract of employment. Employment is “at will” and may be terminated at any time.