Portfolio Administrator/Trader

Are you looking for an opportunity to build a career in portfolio management by trading and rebalancing portfolios and working closely with an experienced Portfolio Manager?

Coldstream Wealth Management is adding a Portfolio Administrator to our growing wealth management team (Team Paracle) on Mercer Island. We have a hybrid work environment, so you can work remotely 3 days per week.

Coldstream is an employee-owned, independently-operated wealth management firm that’s been earning the trust of affluent families and businesses for 26 years. We offer a comprehensive, holistic approach to planning and focus on providing unparalleled advice and exceptional service. We welcome new colleagues who believe in our same approach, value open communication, and believe in trusting, life-long relationships. Founded in 1996, the firm has offices in Mercer Island, Bellevue, Seattle, Portland, Boise, and Kenai, Alaska. For more on Coldstream, please visit www.coldstream.com.

Responsibilities will include:

• Generating and executing daily trade orders and model-based portfolio rebalancing
  
• Cash management across client portfolios for living expenses, quarterly fees, etc.
• Partnering with Portfolio Manager (PM) to execute tax loss harvesting
• Answering team members’ questions related to a fund’s custodian specific attributes (minimums, fees, restrictions, etc.)
• Troubleshooting rebalancer (Tamarac) related questions (trading restrictions, unexpected rebalancer results)
• Performing ongoing, systematic audits of the portfolio rebalancer to ensure portfolios are within the clients’ portfolio targets
• Developing and maintaining tools and rebalancer settings to increase trading efficiencies to minimize errors
• Maintaining yield document for cash alternatives (Money Market Funds, CD’s, T-bills, etc.)
  
• Assisting PM in auditing client accounts for qualification and onboarding to centralized trading
• Executing model portfolio audits and clean-up projects
• Utilizing CRM in communicating and executing requests

We are looking for a candidate who has:

• 1 to 3 years of relevant work experience
• A Bachelor’s degree in finance or a related field
• Proficiency with Microsoft Office applications, including Outlook, Word, Excel, and PowerPoint
• Strong organizational skills, detail orientation, and the ability to adapt as priorities change
• The ability to communicate effectively with a wide range of people in a professional manner, using proper grammar, tact, courtesy, and good judgment
• Series 7 and 63 licenses are strongly preferred
• Experience with Tamarac, especially as it relates to trading/rebalancing, is strongly preferred
• Experience with CRM software is a plus

We provide a collaborative, supportive culture where you can learn and develop – and we offer a full package to meet your needs:

• Competitive base salary, annual bonus opportunity, and equity opportunity
• Fully-paid premiums for medical/dental/vision, short-term and long-term disability, and life insurance
• 401(k) with 100% company match up to 4% of your annual pay
• Free parking or ORCA pass
• Ongoing career development, including 100% training/certification/licensing/dues reimbursement
• Generous PTO and 10 paid holidays, plus an extra paid day off each year to do volunteer work (with Coldstream or on your own)
• Annual wellness reimbursement