Investment Services Associate

Job Description

Job Description

Salary : 60,000 - 75,000

The Investment Services Associate is a key member of the Portfolio Management and Investments Operations teams supporting areas including trade processes, data management, client reporting, portfolio management functions and oversight of Investment Policy violations. This position requires strong analytical skills, attention to detail, a positive professional attitude, and ability to work in a team environment.

Core Responsibilities

• Re-balancing client portfolios using ENV2 Envestnets trading platform.
• Reviewing trade settlements and daily reconciliation of ENV2 Trades.
• Trading incoming accounts based on buy, sell, hold (BSH) analysis.
• Executing ad-hoc trades based on client needs.
• Conducting tax loss harvesting, brokerage, and 529 trades.
• Maintaining model portfolios and account cash balances.
• Updating Statements of Investment Selection (SIS's), share class upgrades, and fund swaps.
• Tracking automated clearing house (ACHs) and systematic reinvestments (SRS).
• Keeping appropriate notes of trade activity and handling other assigned administrative duties.
• Interfacing with research departments, investment operations, and financial advisors.
• Assisting the research department and investment operations when the market is closed.
• Executing strategic asset allocation and / or investment changes.
• Staying up to date on accounting and financial.
• Providing administrative coordination with trading, operations, client service.
• Overseeing Investment Policy Violations and keeping portfolios within allowable variance.
• Processing trade corrections for both brokerage and advisory, if necessary.

Qualifications

Preferred