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Northwestern Mutual · 3 weeks ago

Associate Portfolio Manager

New York, NY

Full-time

Hybrid

Mid, Senior Level

$80K/yr - $100K/yr

5+ years exp

Northwestern Mutual is seeking a highly skilled and motivated Portfolio Manager to join their dynamic team in Midtown East Manhattan. The role involves managing diverse portfolios, conducting investment research, and providing tailored wealth management solutions to clients.

AdviceConsultingEmployee BenefitsFinanceFinancial ServicesInsuranceLife InsuranceWealth Management

H1B Sponsor Likely

Responsibilities

Monitor daily cash flows and execute trades (NetX360, Envestnet)

Build and maintain financial and retirement plans using proprietary tools

Conduct investment research on mutual funds, ETFs, equities, and bonds

Prepare pre-meeting reports: retirement cash flow models, recommendations, and follow-up notes

Perform risk, performance, and fee analyses via Morningstar

Manage and oversee investment portfolios, ensuring alignment with client objectives and risk tolerance

Conduct thorough credit analysis and financial analysis to assess investment opportunities

Develop and implement investment strategies that incorporate private equity, asset management, and cash management principles

Perform risk analysis to identify potential risks associated with investment decisions and implement appropriate risk management strategies

Utilize financial software and tools, including Bloomberg, for portfolio tracking and reporting

Collaborate with clients to understand their financial goals and provide tailored wealth management solutions

Stay informed about market trends, economic conditions, and regulatory changes affecting the financial services industry

Prepare detailed reports on portfolio performance and present findings to stakeholders

Engage in research to identify new investment opportunities that align with client interests

Maintain strong relationships with clients through effective communication and exceptional service

Serve as primary contact for client service needs; deliver concierge-level support

Manage and track Roth conversions, RMDs, tax loss harvesting

Schedule and prepare for quarterly client reviews; maintain accurate CRM records

Respond to client inquiries about portfolio performance and service documents

Maintain advisor calendars and ensure timely client appointments

Coordinate document preparation and processing, including annuities and asset transfers

Organize marketing materials and support general office management

Qualification

Series 7 licensePortfolio managementFinancial analysisInvestment strategiesRisk managementClient relationship managementMicrosoft Office SuiteInvestment CRM toolsAnalytical mindsetCommunication skills

Required

Series 7 license – Required

Minimum 5 year experience in securities or financial services

Familiarity with Microsoft Office Suite and investment CRM tools

Excellent verbal/written communication and interpersonal skills

Strong analytical mindset and attention to detail

Ability to work independently and as part of a collaborative team

Proven experience in portfolio management, investment banking, or asset management is essential

Demonstrated ability in sales and relationship management within the financial sector

Proficient in math skills necessary for financial analysis and investment decision-making

Excellent analytical skills combined with a strong financial acumen to make informed decisions

Preferred

Strong knowledge of financial services, including tax experience, technical accounting, wills, trusts, & estate law is highly desirable

Familiarity with underwriting processes and principles of financial planning is a plus

Benefits

Dental insurance

Health insurance

Vision insurance

Company

Northwestern Mutual

Glassdoor3.9

Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, and investments.

Founded in 1857

Milwaukee, Wisconsin, USA

5001-10000 employees

https://www.northwesternmutual.com

H1B Sponsorship

Northwestern Mutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2020 (1)