Portfolio Manager

Mainstar Trust - Wauwatosa, WI

Full-time

Remote - Wauwatosa, WI

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Portfolio Manager (PM) at Midwest Institutional Trust (MITS) is a pivotal role responsible for delivering comprehensive investment management services to a diverse range of clients, including defined benefit pension plans, Taft-Hartley plans, healthcare organizations, corporate operating funds, endowments, foundations, and specialized trusts. The PM will work closely with clients to understand their unique investment needs and provide tailored advice on regulatory issues and investment design. This position requires a strong focus on building and maintaining client relationships, ensuring that clients are satisfied and their investment objectives are met. In this role, the PM will conduct periodic investment review meetings with clients, providing updates on market conditions, asset allocation, performance metrics, and ensuring compliance with investment policy guidelines. The PM will also be responsible for driving proactive client engagement, preparing for meetings, and establishing clear next steps to enhance client satisfaction and retention. Additionally, the PM will play a key role in generating new business revenue and participating in Requests for Proposals (RFPs) as necessary. The PM will manage client portfolios by re-balancing investments to align with established strategies, executing mutual fund trades, and coordinating cash flows with third-party managers. This includes documenting all re-balancing activities to comply with business line standards and policies. The PM will also collaborate with internal partners on trade orders and oversee client life cycle events, ensuring a smooth onboarding process and ongoing support throughout the client relationship. Promoting strong risk management and governance is essential, and the PM will be involved in committee activities and adhere to established policies and procedures. Compliance with personal training and reporting requirements is also a critical aspect of this role, along with managing expense accounts in line with company policies and budgetary constraints. Overall, the Portfolio Manager will be a key player in driving investment success for clients while maintaining a focus on risk management and compliance.

Responsibilities

• Build and maintain strong relationships with clients by understanding their specific needs and providing advice on regulatory issues and investment design.
• Retain and grow existing client relationships.
• Conduct periodic client investment review meetings including market and economic updates, asset allocation reviews, performance updates, attribution analysis, and confirmation that investments are operating within client investment policy guidelines.
• Drive proactive meetings with clients, focusing on pre-meeting preparation, planning and execution, as well as establishing next steps with clients.
• Generate new business revenue objectives and participate in RFPs as needed.
• Re-balance client portfolios to maintain alignment with investment strategies, placing mutual fund trades as needed, coordinating cash flows with third-party managers and other members of the service team.
• Document re-balancing activities in each client folder in support of business line compliance standards and policies.
• Work with designated internal partners relating to trade orders for individual stocks, bonds, and exchange traded funds.
• Provide oversight for client life cycle events, including onboarding and working closely with the transitions team.
• Promote strong risk management and governance across the organization through committee membership/involvement and following established policies and procedures.
• Complete personal compliance requirements and training on a timely basis.
• Manage expense account in compliance with company policies and budgetary restrictions.
• Complete annual investment reviews, peer reviews, and other compliance systems reporting on a timely basis.
• Perform other duties as assigned.

Requirements

• 5-10 years of industry experience, primarily working in investments, client relationships or consulting.
• Excellent communication and presentation skills, with the ability to collaborate and influence positively.
• CIMA or CFA designation preferred, or a desire to obtain one.
• MBA preferred.
• Comprehensive understanding of equity and fixed income markets and the tools institutional clients need to meet their investment objectives.
• Ability to understand and represent complex investment products and solutions, must be able to lead investment discussions and strategy both internally and externally.

Nice-to-haves

• Comprehensive understanding of markets and the tools institutional clients need to meet their investment objectives.
• Client minded, focused on execution client investment objectives, able to manage client expectations and to leverage organization resources to meet client objectives.
• Self-starter with personal responsibility and accountability.
• Results-oriented with an ability to execute and complete complex deliverables in a timely manner.
• Proven team player and inclusive leader.
• Risk focused, ability to balance company goals and client goals while mitigating risk appropriately.