Portfolio Adminstrator

Job Description

Job Description

Parcion Private Wealth is looking for a dynamic team member to help our firm

execute its promise to help clients reach their goals and aspirations. We are

seeking an experienced Portfolio Administrator to join our firm, working directly

with the Director of Investment Management. Our ideal candidate is a highly

motivated team player who exemplifies our firm's Core Values of Integrity,

Dedication, Teamwork, Impact, and Opportunity. This is your chance to play a

critical 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 true

potential of their wealth. We show them how to care for the people they love for

generations. We help them get clear and think bigger about what's next. Keeping

more of what they've built for themselves, their family, and the causes they care

about.

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 .

• Monitor margin accounts
• Set up new accounts and assets in portfolio software.

Reviewing Daily Cash Positions :

Reconciliation of money movements, asset transfers, and private investment

transactions

• Cash Deployment
• 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
• Writing SOPs
• Manage admin for private investment portals
• Entering cap calls into the reporting software and platforms
• Generating batch reports
• 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 support

management 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 in

areas including :

• Professional development / Skill acquisition
• Process enhancements
• 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-$85,000

In terms of salary expectations, we assess each candidate individually based on their experience

and qualifications and offer competitive compensation that reflects the value they bring to the

team. Base salary typically is within the range posted, plus an annual bonus and a generous

benefits package, but it can be higher for candidates with additional experience and / or

designations.