ASSISTANT PORTFOLIO MANAGER JOB DESCRIPTION

Fixed income markets don't forgive slow decisions. When balance sheet exposures drift outside policy limits or compliance breaches go unresolved, the cost appears in both capital and credibility, and it falls on the portfolio team to catch it first. Assistant Portfolio Managers occupy the analytical and operational layer of that team, working inside frameworks like the Financial Management Policy and ALCO governance structures that govern what a firm can hold and why. They are not generalists: this seat demands fluency in credit analysis, duration management, and ESG integration across high-yield and investment-grade mandates.

As the Assistant Portfolio Manager, you support the execution of investment strategy across fixed income and credit portfolios by monitoring positions, managing compliance adherence, and preparing the analysis that drives portfolio decisions. You work directly within a trading desk or investment team, contributing to daily rebalancing, client reporting, and cross-functional coordination with Compliance, Sales, and Research.

Career Impact: Sustained exposure to ALCO governance, FMP constraints, and credit research meetings accelerates the practical knowledge that distinguishes CFA charterholders who can manage a book from those who can only analyze one.

Business Impact: Compliance breaches that go unresolved or benchmarks that drift unchecked translate directly into regulatory exposure and client attrition, the monitoring and rebalancing work this role owns prevents both.

Growth Opportunity: The transition from Assistant Portfolio Manager to full Portfolio Manager typically requires demonstrated ownership of duration management and client communication, both of which this role builds in a structured, supervised environment.

• Monitor portfolio positions, cash balances, and duration against benchmarks and client investment guidelines to identify deviations requiring rebalancing.
• Execute purchases and sales across fixed income holdings, coordinating with the trading desk on program trades and settlement confirmation.
• Analyze discretionary investment opportunities across credit and fixed income instruments in accordance with applicable policy constraints and risk tolerance parameters.
• Review and resolve compliance breaches, escalating unresolved issues to senior portfolio managers and the Compliance function.
• Prepare investment analyses, written commentaries, and performance reports for use in client meetings, prospect presentations, and internal review forums.
• Coordinate corporate actions on behalf of managed funds, ensuring timely processing and accurate reflection in portfolio records.
• Support ESG monitoring and integration by tracking sustainability-linked exposures and contributing to responsible investment reporting.
• Partner with Treasury Strategy or Credit Research teams to refine balance sheet or credit market views and improve the transparency of reporting dashboards.

• Bachelor's degree in Finance, Economics, Accounting, Statistics, or equivalent work experience.
• 2 or more years of experience in investment management or financial services portfolio support, with demonstrated involvement in fixed income or credit analysis.
• Working knowledge of fixed income instruments including bonds, derivatives, and asset/liability considerations.
• Familiarity with market risk metrics such as duration, convexity, and spread sensitivity as applied to portfolio monitoring.
• Strong analytical and quantitative skills, including the ability to build and maintain complex financial models and spreadsheets.
• Effective written and verbal communication skills for preparing client-facing reports, presentations, and internal commentary.
• Ability to manage competing priorities with attention to detail, given that errors carry direct monetary and reputational consequences.
• Demonstrated commitment to independent work and cross-functional collaboration within a structured trading or investment desk environment.

• CFA designation or active candidacy, reflecting commitment to a career in investment management.
• Exposure to ESG investment principles and experience integrating sustainability factors into portfolio monitoring or reporting.
• Familiarity with high-yield or investment-grade credit markets and issuer-level research processes.
• Proficiency with coding tools such as Python, R, or VBA for data analysis and workflow automation.

• Compliance breach rate, measured as the number of unresolved guideline violations per reporting period.
• Portfolio deviation frequency, tracking how often position weights or duration drift outside target bands before correction.
• Trade settlement accuracy rate, reflecting the percentage of executed orders settled without error or delay.
• Report turnaround time in days, measuring responsiveness to client commentaries and ad hoc investment summaries.
• ESG monitoring coverage ratio, tracking the proportion of managed positions reviewed against sustainability criteria each quarter.
• Typical tools: fixed income analytics platforms (commonly Bloomberg Terminal or Aladdin); spreadsheet and scripting environments (commonly Excel, Python)

• Base Salary Range: $70,000 to $100,000 annually, depending on experience and market
• Bonus: Annual performance bonus, typically 10% to 20% of base salary
• Equity: Not standard at this level; carried interest possible at select asset managers
• Health Benefits: Medical, dental, and vision coverage; employer contribution toward premiums
• PTO: 15 to 20 days annually, plus standard federal holidays
• Common Perks: CFA exam fee reimbursement, tuition assistance, commuter benefits, professional development budget

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Successful completion of a background check, which may include review of employment history and financial records consistent with securities industry standards, is a condition of employment. All qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other characteristic protected under applicable federal, state, or local law. Reasonable accommodations are available to individuals with disabilities throughout the application and employment process. Candidates must be authorized to work in the United States.

The Assistant Portfolio Manager shapes balance sheet strategy by analyzing discretionary investment purchases across fixed income securities and derivative instruments in close collaboration with the Trading Desk, the Office of Finance, and dealers. Reporting to Treasury Management, this role owns the execution of assigned portfolio transactions and directly supports the transparency and governance of the organization's overall balance sheet strategy.

Key Responsibilities

• Analyze and make recommendations on discretionary investment purchases across all balance sheet portfolios in accordance with policy, regulatory limitations, and balance sheet management strategies.
• Monitor the composition and market risk profile of the balance sheet and the effects of specific portfolios and transactions.
• Execute the intended strategy through various types of transactions within policy, regulatory limitations, and balance sheet management strategies.
• Collaborate with the treasury strategy team regarding the use of specific models and hedging tools in support of each balance sheet portfolio.
• Increase the transparency of the balance sheet strategy by improving reporting materials and related dashboards.
• Recommend and implement changes to the balance sheet strategy by making presentations to relevant governance bodies and department management, then execute the agreed-upon strategy.
• Participate in departmental strategy discussions with ideas and insight, making recommendations within the constraints of applicable policy and risk tolerance.

Required Qualifications

• Bachelor's degree with a concentration in accounting, economics, finance, or statistics.
• Chartered Financial Analyst certification or Master's degree preferred.
• Three years of experience in progressively responsible positions in portfolio management or investment research within the financial services industry.
• Extensive knowledge of the financial industry and capital markets, particularly fixed income securities and derivative instruments, investment practices, asset/liability management, and credit analysis.
• Familiarity with market risk metrics.
• Knowledge of the investment industry, the legislative and regulatory environment, and portfolio management strategies.
• Exposure to generally accepted accounting principles relating to investments, debt instruments, financial hedges, and off-balance sheet financial instruments.
• Strong analytical skills and proficiency in the use of valuation software packages.
• Effective interpersonal communication skills, verbal and written, to identify and resolve complex issues.
• Ability to act as an advisor on professional and technical issues with a view toward reaching strategic decisions.
• Ability to make decisions and formulate an immediate plan of action to address potential issues and opportunities.

Embedded within the property management team, the Assistant Portfolio Manager delivers end-to-end support across the full resident lifecycle, from leasing and application through move-out, while managing escalations and ensuring compliance with applicable policies and procedures. Working closely with leasing specialists, residents, and applicants, this role builds collaborative relationships that uphold Standards of Service and safeguard the organization's reputation across all managed homes.

Core Functions

• Manage all first-touch resident escalations, striving for one-touch resolution.
• Assist with concession requests and the habitability and legal claim process when needed.
• Assist with reputation management by helping prepare social media, Google, BBB, and survey responses, and reaching out to residents for resolution.
• Support applicants and leasing specialists in completing the application process, and communicate with relevant parties to coordinate appropriate move-in dates.
• Confirm all lease documents, signatures, and deposit funds are completed and submitted in compliance with applicable policies and procedures.
• Send all necessary addendums and covenants, conditions, and restrictions after lease execution.
• Confirm that incoming residents are ready for move-in by ensuring all utilities, move-in funds, schedules, and renter's insurance documentation are in order.
• Follow up with residents after move-in to confirm satisfaction, and audit all move-in files for accuracy.
• Manage renter's insurance compliance.
• Monitor relevant websites to ensure accurate pricing, amenities, and photos are present on all available homes, and update pricing in all systems when needed.
• Conduct comparable home assessments as necessary to determine whether price reductions are needed, and ensure all rent-ready homes have self-show and smart home features installed with at least one open house scheduled weekly until leased.
• Manage the move-out process and resident transfers, including assisting with notices to vacate, educating residents on move-out expectations, and ensuring compliance with deposit accounting requirements.
• Address violations with residents as they occur until resolution, and manage HOA requirements and resident amenity assistance when needed.
• Prepare notices of non-compliance and assist with the process for handling non-authorized occupants.

Qualifications & Experience

• High school diploma or GED required.
• Minimum of two years of prior residential or multi-family property management experience.
• Prior property management experience required.
• Basic accounting and math skills.
• Knowledge of Yardi preferred.
• Excellent written and verbal communication skills.
• Demonstrated attention to detail.
• Basic financial acumen.
• Ability to initiate and maintain collaborative working relationships.

Reporting to senior portfolio managers, the Assistant Portfolio Manager delivers timely and accurate execution of investment decisions across client portfolios, with a focus on identifying and monitoring credit investment opportunities to produce actionable recommendations. Partnering with investment and client communications teams, this role contributes to the implementation of ESG principles and to the generation of financial analyses and commentaries that support investment meetings.

Primary Duties

• Work alongside senior portfolio managers to ensure the timely and accurate execution of investment decisions across client portfolios.
• Monitor portfolio positions, cash balances, and investment guidelines.
• Identify and monitor credit investment opportunities to produce investment recommendations.
• Develop and maintain monitoring tools for the credit market.
• Contribute to the implementation of ESG principles as detailed in the applicable responsible investment policy.
• Prepare financial analyses, commentaries, and charts for use in investment meetings and client communications.

Skills & Qualifications

• Degree in finance, economics, or accounting, or a scientific discipline such as mathematics, statistics, physics, or engineering, or previous experience in data analysis.
• Zero to three years of experience in the financial sector.
• Commitment to a career in fixed income investment with a focus on credit.
• Commitment to enroll in and complete the CFA program.
• Ability to build and maintain complex spreadsheets, with basic knowledge of Python.

Sitting at the intersection of scientific assessment and research funding operations, the Assistant Portfolio Manager leads contributions to peer review processes that evaluate grant applications addressing major bioscience challenges, working alongside grant applicants, external experts, and internal colleagues. Operating across funding application, assessment, and award workflows, this role directly supports the organization's ability to advance scientific discovery by enabling well-governed, continuously improving funding programs.

Duties

• Work on peer review assessment and award processes for funding activities.
• Source and engage with external peer review experts.
• Provide advice and guidance to grant applicants and internal colleagues.
• Contribute to the delivery of peer review meetings.
• Contribute to the ongoing continuous improvement of funding application, assessment, and award processes.

Requirements

• Established interest in biology or life sciences.
• Understanding of the bioscience research and innovation sphere and the impact of scientific discoveries.
• Ability to interpret scientific information.
• Awareness of how the organization works with partners, and readiness to develop a deeper understanding of the science supported.
• Ability to communicate information in a range of ways with external and internal stakeholders.
• Strong organizational skills.
• Ability to work effectively and collaboratively as a team member and to establish effective working relationships with colleagues and collaborators.
• Understanding of peer review and the operational delivery of research and innovation funding programs.