Associate Portfolio Manager

$75,180 - $139,620/Yr

Northwestern Mutual - Milwaukee, WI

Full-time - Mid Level

Milwaukee, WI

1,001-5,000 employees

Insurance Carriers and Related Activities

About the position

The Associate Portfolio Manager at Northwestern Mutual plays a crucial role in supporting the management of Private Client Services (PCS) accounts, demonstrating a strong understanding of the investment philosophy and processes. This position involves managing a distinct book of business valued between $300 million to $1 billion, while also assisting PCS Portfolio Managers in their operational and portfolio management tasks. The role requires effective communication with Wealth Management Advisors (WMAs) and high-net-worth clients, focusing on building long-term relationships and delivering exceptional service.

Responsibilities

• Execute operational and global portfolio management requirements through various platforms.
• Examine the PCS book of business to identify trading opportunities and implement process improvements.
• Support Portfolio Specialists in operational tasks and responsibilities.
• Update portfolio management cash and asset allocation drift models daily.
• Create and analyze investment proposals for prospective PCS clients based on advisor information.
• Conduct case consultations with advisors and participate in prospective client calls.
• Provide guidance on discretionary investment capabilities and approved strategies.
• Lead portfolio review calls with WMAs and clients to strengthen relationships.
• Monitor client investment policy allocation and execute trades according to objectives.
• Prepare client portfolio review materials and perform compliance reviews on accounts.
• Participate in process improvement initiatives and act as a liaison with various departments.

Requirements

• Bachelor's degree in Finance or related field preferred.
• 3-5 years of experience in the investment/fiduciary management industry.
• Strong understanding of investments, financial markets, and asset allocation.
• Ability to establish and maintain client relationships with quality service.
• Excellent written and verbal communication skills.
• Demonstrated analytical and quantitative skills.
• Technical expertise in applications like Envestnet, NetX 360, Bloomberg, and Excel.
• Effective problem-solving skills to identify and resolve critical issues.

Nice-to-haves

• Progress towards CFA, CFP, CAIA, or MBA is desirable.

Benefits

• Flexible schedule
• Comprehensive benefits
• Concierge service
• Employee resource groups