Portfolio Adminstrator

Parcion Private Wealth is looking for a dynamic team member to help our firm
Execute its promise to help clients reach their goals and aspirations. We are
Seeking an experienced Portfolio Administrator to join our firm, working directly
With the Director of Investment Management. Our ideal candidate is a highly
Motivated team player who exemplifies our firm's Core Values of Integrity,
Dedication, Teamwork, Impact, and Opportunity. This is your chance to play a
Critical role in the future success of a fast-growing Registered Investment Advisor
(RIA) and boutique virtual multi-family office.
At Parcion, we partner with business owners and their families to unlock the true
Potential of their wealth. We show them how to care for the people they love for
Generations. We help them get clear and think bigger about what's next. Keeping
More of what they've built for themselves, their family, and the causes they care
About.
Client portfolio management:
Activity includes reviewing daily cash positions, out-of-tolerance client
Accounts, and new cash flow activity (inbound or outbound).
Trading will be a requirement to learn under the direction of other investment
Management staff.
Administers client information related to investment trading and reporting
Software.
Identify and monitor tax-loss harvesting opportunities.
Create block allocation files for structured note purchases.
Research portfolios for unassigned holdings and work with
Lnvestments + Advisory to determine what to do with the positions (set as
Equivalent/exclude/sell}.
Monitor margin accounts
Set up new accounts and assets in portfolio software.
Reviewing Daily Cash Positions:
Reconciliation of money movements, asset transfers, and private investment
Transactions
Cash Deployment
Trade excess cash in client accounts into higher-yielding securities
Create trade upload files for semi-liquid securities (interval funds}
Research portfolios for unassigned holdings and work with
Lnvestments/FA/SFA to determine what to do with the positions (set
As equivalent/exclude/sell).
Data Auditing &
Automation:
Monitor the Investment Team inbox and audit manual data inputs into
Orion.
Develop relationships with and communicate with partners outside of
Parcion to automate data retrieval.
Audit &
confirm measurement in Orion to what is disclosed in private
Investment documents.
Research:
Attend and support private investment due diligence meetings.
Complete research documentation to support and communicate private
Investments.
Fulfill the requirement of ad hoc client research service requests
Reporting
Work to learn and understand Orion data management.
Learn and develop new reporting tools for investment management and
Advisory team needs.
Automate report generation.
Other Admin:
Organizing Investment folder
Writing SOPs
Manage admin for private investment portals
Entering cap calls into the reporting software and platforms
Generating batch reports
Distributing reports to clients via eMoney portal and Secure email/Citrix
Communications &
support:
Advisory Department - support the creation of client/prospect
Presentations, deliver performance insights for client meetings, and support
Management of capital market slides.
Client Service Department - communicating and executing client cash
Needs for personal distributions or investment reasons, such as capital calls.
Identifying processes to streamline.
Operations Department - coordinate and communicate regarding billing,
Systems, and compliance.
Requirements
Bachelor's degree is required;
preference is given to degrees concentrating in
Business, economics, and finance.
Minimum 2-3 years' experience in investment management/financial services,
Strong interest in investment management, securities operations, and
Portfolio management, accounting
Must have proven attention to detail and strong, highly developed analytical
Skills.
Viable candidates will exhibit comfort and user ability with multiple industry
Software packages - Bloomberg, Orion, FactSet, Morningstar, Tamarac, etc.
Intermediate level user of MS Office suite (solid proficiency in Excel), required,
With preference given to advanced level understanding.
Ideal candidates can make sound decisions, communicate, collaborate,
Prioritize, self-manage, proactively solve problems, and be highly organized.
Excellent soft skills and work within team structure - ability to work in a
Team environment and acknowledge and respect others.
High degree of attention to detail.
Self-starter and proactive problem-solver with a growth mindset for
Continual improvement, resulting in greater effectiveness and efficiency in
Areas including:
Professional development/ Skill acquisition
Process enhancements
Communications - Internal &
External
Maximize existing resources via technology, structure, workflow,
Processes, etc.
Benefits
Full-time position / exempt status
Competitive salary and incentive bonus structure
Full benefits package including generous paid time off, health, dental, vision, life, disability, and 401(k)
Benefits:
Fully paid premiums for medical/dental/vision, short-term and long-term disability, and life insurance
401(k):
100% company match up to 3% of your annual pay
Paid Time Off:
Starting at 21 days per year, with PTO accrual program.
Career + Professional Development:
training/certification/licensing/dues reimbursement, internal development planning, executive coaching and ongoing development programs.
Parking available
Wellness reimbursement
Regular team off-sites, events, including an annual team retreat
Salary Range $65,000-$85,000
In terms of salary expectations, we assess each candidate individually based on their experience
And qualifications and offer competitive compensation that reflects the value they bring to the
Team. Base salary typically is within the range posted, plus an annual bonus and a generous
Benefits package, but it can be higher for candidates with additional experience and/or
Designations.