Associate Investment Administrator

REPORTS TO: Vice President & Wealth Advisor

FLSA Status: Exempt

JOB SUMMARY:

The Associate Investment Administrator monitors assets within client portfolios, ensuring that investments align with the client’s investment policy statement, risk tolerance, investment objectives, and personal needs.

TEAM MISSION & ORGANIZATIONAL VALUES:

Always be your best self and drive in the same direction. We will continue to serve our clients and the future generations. Our focus is on people – clients first, team always - and everything we do is intended to reinforce the core values of McNellis & Asato – C6 – Relationship is built from Collaboration, Communication, Commitment, Curiosity, Compassion, and Competence.

PERFORMANCE DIMENSIONS & KEY PERFORMANCE INDICATORS:

• Maintain quality investments in 20 allocation models.
• Maintain 100% accuracy of trading transactions and record keeping.
• Producing periodic reports, client meeting materials, and other financial documentation upon request.

ESSENTIAL FUNCTIONS:

• Prepare and execute investment recommendations, coordinating with financial advisors for final approval.
• Actively searches for new investment solutions while tracking the suitability of current positions.
• Provide quarterly recommendations to update model portfolio allocations.
• Schedules monthly meetings with partners and prospects of fund companies.
• Prepare investment recommendations and reports.
• Accurately places trades in accounts.
• Handle client requests and solicits trades to clients at the direction of financial advisors.
• Update and create allocation models.

NON-ESSENTIAL FUNCTIONS:

• Research new investment opportunities.
• Semi-proficient in serving as back-up for Client Service Associates, to include the monitoring of emails, voicemails, etc.
• Other duties as assigned.

QUALIFICATIONS:

Minimum Qualifications

• Bachelor’s Degree.
• Proficiency with Microsoft Office Suite and expert knowledge with Excel.
• Obtain FINRA SIE within 2 months.
• Obtain FINRA S7- within 6 months.
• Obtain FINRA S66 within 9 months.
• Obtain CERTIFIED FUND SPECIALITS™ within 12 months.

Preferred Qualifications

• 2 years of experience in similar role.
• Advanced Education (e.g., MBA), or other financial designations (e.g., CFA®).
• Already possess requirements that they must obtain.

ENVIRONMENT and COGNITIVE / PHYSICAL DEMANDS:

• Excellent verbal and written communication skills.
• Strong focus on meeting client needs by addressing issues and concerns efficiently.
• Analyze financial markets and economic trends.
• Monitor portfolios and financial changes meticulously.
• Work independently with little to no supervision.
• Move around the office or between different locations for meetings.
• Occasionally travel and work evenings to meet business requirements.
• Emotional and psychological wellness.
• C6 – Collaboration, Commitment, Communication, Compassion, Competence, Curiosity.

Job Type: Full-time

Pay: $50,000.00 - $70,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid parental leave
• Paid time off
• Parental leave
• Professional development assistance
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• Finance: 2 years (Preferred)

Language:

• any additional languages? (Preferred)

License/Certification:

• Series 7 (Preferred)
• Series 66 (Preferred)
• Securities Industry Essentials (Preferred)
• Advanced Finance Designation or Certification (e.g., CFA) (Preferred)

Ability to Commute:

• Minneapolis, MN 55437 (Required)

Ability to Relocate:

• Minneapolis, MN 55437: Relocate before starting work (Required)

Work Location: Hybrid remote in Minneapolis, MN 55437

Salary : $50,000 - $70,000