Portfolio Manager
Vestmark, Inc.•Wakefield, MA
•Hybrid
About The Position
Vestmark Advisory Solutions seeks a Portfolio Manager to join their direct indexing investment management team. This role is crucial for developing direct indexing solutions and managing personalized portfolios daily, including portfolio management, rebalancing, ESG customizations, and tax optimization. The position operates in a fast-paced, dynamic environment focused on growth and supporting the expansion of new products and asset classes. This position can be based out of Wakefield, MA or Remote.
Requirements
- Bachelor’s degree in a relevant field required
- 5-7+ years of hands-on investment management experience
- Experience managing equity portfolios maximizing tax efficiency while tracking an index
- Experience in tax loss harvesting and generate tax alpha
- Strong understanding of direct indexing, customizations, ESG and sustainability investing, and tax optimization
- Strong operational experience running, analyzing, and improving processes and systems
- Working knowledge and experience using equity risk models and portfolio optimizers
- Excellent communication and collaboration skills, team-player
- Strong quantitative and analytical skills
- Contribute to the growth and development of our core values: We Before Me, Positive Energy, Knowledge Explorer, and Own It
Nice To Haves
- Graduate degree and CFA designation strongly preferred
- Experience managing direct index portfolios strongly preferred
Responsibilities
- Be a key contributor in the development and implementation of direct indexing solutions
- Provide day-to-day portfolio management of direct index portfolios including portfolio construction, rebalance, monitor index changes and corporate actions, manage client activities and trade review
- Provide tax transitioning and tax loss harvesting to maximize tax efficiency
- Provide portfolio analysis, reporting and monitoring of direct index strategies and ad-hoc analysis
- Work closely with trading, client service, operations to improve portfolio management efficiency, maximize investment outcome and ensure client success
- Collaborate with internal stakeholders to improve investment processes, and enhance investment management tools and systems
Benefits
- Equity-based grants for all new hires
- Company-paid medical premiums of 90%
- Competitive time-off program
- Other variable compensation, if eligible
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
