What are the responsibilities and job description for the Portfolio Management Specialist (RIA Wealth Management Firm) position at JFS WEALTH ADVISORS LLC?
Job Purpose: Provide operational support to the trading team, as well as to the Investment Committee and Chief Investment Officer. The primary responsibility of the position is the rebalancing of client accounts within the firm’s portfolio management system, Tamarac Advisor Rebalancing®, as well as other tasks performed in support of the firm’s investment services and asset management teams.
Essential Job Results:
MAINTAINS TAMARAC ADVISOR REBALANCING®. Maintains client accounts within Tamarac Advisor Rebalancing®, including model assignments, restrictions, cash reserves, etc. Prepares and inputs trade orders into Tamarac according to portfolio guidelines. Achieves and maintains proficiency with entire Tamarac software suite. Implements model changes in Tamarac as directed by the Investment Committee. Reviews security settings and restrictions in Tamarac on a regular basis. Monitors saved searches in Tamarac on a daily basis.
None
Competency: To perform the job successfully, an individual should demonstrate the following competencies:
Position Requirements:
While performing the duties of this job, the employee is frequently required to sit. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include ability to adjust focus.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually quiet.
Other Job Requirements:
The employee must maintain complete confidentiality regarding client names, financial information and all other matters. The position requires occasional overtime. Occasionally works at client locations which require the use of the incumbent’s own vehicle.
Essential Job Results:
MAINTAINS TAMARAC ADVISOR REBALANCING®. Maintains client accounts within Tamarac Advisor Rebalancing®, including model assignments, restrictions, cash reserves, etc. Prepares and inputs trade orders into Tamarac according to portfolio guidelines. Achieves and maintains proficiency with entire Tamarac software suite
- EXECUTES AND RECONCILES TRADES AT MULTIPLE CUSTODIANS. Accurately and timely processes daily trade ledgers. Reviews trades and identifies any that need further review, and subsequently interacts with advisors and client service teams around those or any other questions.
- ASSISTS AND SUPPORTS INVESTMENT COMMITTEE. Assists and supports the Investment Committee and Chief Investment Officer as needed. Researches and gathers data, prepares presentations, and generates reports.
- CONTRIBUTES TO TEAM EFFORT. Interacts with immediate colleagues, Investment Committee, and asset management and financial planning groups to promote smooth workflow, identify and resolve problems, advance the firm’s image and accomplish results which support the mission of JFS Wealth Advisors.
- Complete related duties, as assigned. Occasional projects for other investment-related teams such as asset management or Family Wealth & Legacy Planning.
- Possess a working knowledge of JFS’ compliance and operational policies and procedures and abide by them while fulfilling this position’s various responsibilities.
None
Competency: To perform the job successfully, an individual should demonstrate the following competencies:
- Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations.Technical Skills
- Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
- Client Service - – Dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect. Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
- Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Contributes to building a positive team spirit; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
- Priority Setting – Spends his/her time and the time of others on what’s important; quickly zeros in on the critical few and puts the trivial many aside; can quickly sense what will help or hinder accomplishing a goal; eliminates roadblocks; creates focus.
- Ethics - Treats people with respect; Keeps commitments; inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
- Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
- Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
- Dependability – Is accountable and takes responsibility for own actions; Commits to doing what it takes, when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
Position Requirements:
- Bachelor’s degree (B.A.) from four-year college or university in business, finance, or a related field, or equivalent amount of education.
- 3 – 5 years of relevant work experience with financial services firm. Recent college graduates may be considered if degree and college experience set is aligned with job requirement.
- Working knowledge of asset allocation and portfolio construction.
- Prior experience with rebalancing software and trading platforms a plus.
- Demonstrated computer proficiency with basic applications, including Microsoft Office, and proven ability to learn other software and technology. Prior experience with investment related software a plus.
- Ability to work comfortably and effectively against daily deadlines. Ability to prioritize tasks.
- Strong oral/written communication skills.
- Notable attention to detail, self-initiated follow-through, and outstanding time management and organizational skills.
- Strong analytical skills, including the ability to identify tax and investment-related issues in portfolios.
- Dedication to working in a team-based environment.
- Prior experience with Tamarac Advisor Rebalancing®, Tamarac Advisor View®, and Practifi CRM ®.
- Experience with custodian platforms of Schwab and Fidelity.
- Industry designations or licenses.
While performing the duties of this job, the employee is frequently required to sit. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include ability to adjust focus.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually quiet.
Other Job Requirements:
The employee must maintain complete confidentiality regarding client names, financial information and all other matters. The position requires occasional overtime. Occasionally works at client locations which require the use of the incumbent’s own vehicle.
We thank you for your interest in JFS Wealth Advisors, LLC.
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