Job Description
Associate Portfolio Manager
Reports to: Sr. Manager
Status: Exempt, Full Time
Moneta is an independent Registered Investment Advisor (RIA) wholly focused on going further for our clients. We are one firm with many solutions, and we provide a full spectrum of financial advisory services. Still, our true purpose is centered on building relationships and providing exceptional service to our clients around the globe. For that reason, we’ve built an entrepreneurial business model organized around our clients. Our Partner-led teams are empowered to serve only in the best interest of their clients. Plus, our independence means that we are never beholden to stakeholders or parent companies. We also have the unique ability to trace our history back nearly 150 years, demonstrating our ability to evolve to meet the needs of those we serve.
Job Summary
Moneta seeks an Associate Portfolio Manager to join our Enterprise Services Team. Working closely with the entire Investments team, this Associate Portfolio Manager is responsible for the day-to-day management and maintenance of accounts in our turnkey asset management platform, Eclipse. With your hands in every piece of Eclipse, this Associate Portfolio Manager will be balancing accounts, trading day-to-day, managing appropriate cash balances, and assuring our model portfolios stay in balance with their goals and objectives.
Essential Responsibilities
- Develop a strong understanding of the firm’s investment strategy and the models we support under Centralized Portfolio Management (CPM)
- Monitor a dedicated number of portfolios for cash needs, rebalancing, and non-model positions
- Process tax loss harvest opportunities within dedicated portfolios
- Run regular audits to monitor portfolios for high cash balances as well as to identify portfolio improvement opportunities
- Effectively communicate with Partners and Advisors to explain trades, reports, and analytics
- Implementing portfolios with appropriate asset allocation based on predetermined models
- Processing withdrawal requests and change requests from our proprietary workflow system
- Responsible for reporting needs on managed accounts enrolled in CPM
- Provide guidance and support to advisors on existing portfolios under management
Qualifications
- Bachelor’s degree required, preferably in Business, Economics, Finance, or related field
- 3+ years of related experience, including working with Bloomberg, Morningstar, Schwab/TDAmeritrade, or Fidelity platforms
- Experience working with a trading system like Orion/Eclipse, Envestnet Tamarac, iRebal strongly preferred
- Advanced proficiency in Microsoft Excel
Additional Information
Moneta is committed to providing the best possible care for our employees; part of this care includes offering comprehensive benefits that enhance the wellbeing of employees and their families:
- Paid holidays
- Paid time off (PTO)
- Employer cost-shared medical and dental insurance
- Employer paid short-term disability, long-term disability, AD&D insurance, and basic life insurance
- 401k Match – 50% of employee contributions up to 6% of compensation
- Discretionary annual profit-sharing bonus
- Paid parental leave
- Professional development reimbursement
- Paid volunteer time off (VTO)
- Employee referral incentive bonus program
- Onsite wellness programs & rewards
- Employee engagement activities
Moneta is a fiduciary fee-only Registered Investment Advisory firm and is unable to hold securities licenses with the exception of Series 65. We also do not allow outside business activities, insurance commissions and/or trails.