Portfolio Administration & Client Service Associate – Spectrum Asset Management

Principal Financial Group • Stamford, CT

2d • Hybrid

About The Position

We’re looking for a Portfolio Administration and Client Service Associate to join our Spectrum Asset Management team. In this role, you’ll be part of a team focused on interacting daily with all areas of the firm as well as external clients! Spectrum is a registered institutional advisor, with a subsidiary broker-dealer. With over $18 billion in assets under management, Spectrum manages portfolios of preferred and capital securities for an international universe of corporate, pension fund; insurance and endowment clients; open-end and closed-end mutual funds domiciled in the United States, Ireland and Japan, and separately managed account programs for high net worth individual investors sponsored by a variety of broker-dealers. Spectrum is directly owned by Principal Global Investors (doing business as Principal Asset Management) and is indirectly owned by Principal Financial Group.

Requirements

• Bachelor’s degree, or equivalent, preferably in finance, accounting, economics, business management, mathematics, or computer science
• Two years’ minimum work experience in institutional asset management, operations, client support, or finance
• Basic knowledge of fixed income
• Strong Excel skills, including PivotTables, advanced formulas (e.g., INDEX/MATCH or XLOOKUP), and analysis of large datasets for reporting and reconciliation

Nice To Haves

• Competent skills with Python and SQL
• Experience with AI assisted code writing tools
• Knowledge of preferred and capital securities
• FINRA SIE, Series 7 and Series 63 preferred or ability to obtain within 180 days
• Experience with Bloomberg Terminal; including AIM, CMGR, PORT, and SQL database queries
• Excellent communication, writing, and organizational skills

Responsibilities

• Monitor and maintain client account performance and attribution reporting, internal composites, benchmarks and indices
• Analyze and maintain market constituents, and other strategic data for the firm
• Communicate and disseminate information to sales and marketing teams regarding portfolio, credit and market performance
• Design and implement systems to make client service data related activities more efficient
• Design, test, monitor, and internally report upon portfolio guideline compliance rules
• Coordinate and consolidate responses to requests for proposals
• Interface with portfolio managers and credit analysts, clients and affiliated compliance personnel regarding portfolio compliance and coordination

Benefits

• Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.
• Bonus program for non-sales positions.
• Sales incentives and potential bonus plan for sales positions.
• Comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level