Description
Parcion Private Wealth is looking for a dynamic team member to help our firmexecute its promise to help clients reach their goals and aspirations. We areseeking an experienced Portfolio Administrator to join our firm, working directlywith the Director of Investment Management. Our ideal candidate is a highlymotivated team player who exemplifies our firm's Core Values of Integrity,Dedication, Teamwork, Impact, and Opportunity. This is your chance to play acritical 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 truepotential of their wealth.
We show them how to care for the people they love forgenerations. We help them get clear and think bigger about what's next. Keepingmore of what they've built for themselves, their family, and the causes they careabout.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}.
- Set up new accounts and assets in portfolio software.
Reviewing Daily Cash Positions:
- Reconciliation of money movements, asset transfers, and private investment
transactions
- 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
- Manage admin for private investment portals
- Entering cap calls into the reporting software and platforms
- 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 supportmanagement 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 inareas including:
- Professional development/ Skill acquisition
- 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-$85,000In terms of salary expectations, we assess each candidate individually based on their experienceand qualifications and offer competitive compensation that reflects the value they bring to theteam. Base salary typically is within the range posted, plus an annual bonus and a generousbenefits package, but it can be higher for candidates with additional experience and/ordesignations.
