Job Purpose:
- The Trader is responsible for actively trading and rebalancing the model portfolios of ETFs and mutual funds.
Your Responsibilities:
- Monitor concentration percentages of each fund for trading and risk management
- Monitor cash flows in accounts and execute trades accordingly
- Answer advisors’ questions on all trading activity, market analysis and portfolio rebalancing
- Execute trades in accounts using various custodial platforms and Black Diamond
- Verify previous day’s trades
- Review daily transactions from annuity platforms and execute any necessary trades
- Invest new accounts and track dollar cost averaging schedule for partially invested accounts
- Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions
- Receive and process all account servicing forms for custodians (withdrawals, beneficiary updates, address changes)
- Essential Periodic Functions and Responsibilities
- Review the firm’s five strategic asset allocation for adjustments to the portfolios along with the investment policy committee
- Update portfolio summaries with allocation holdings whenever changes are made
- Coordinate model performance composites reporting through external vendor
- Create dispersion report for accounts with restrictions
- Provide updated model allocations to appropriate platforms and verify changes have been made
- Draw advisory fees on a quarterly basis across several platforms.
Skills and Qualifications:
- Excellent verbal and written communication skills as well as strong organizational skills
- A 4 year college degree
- Minimum of 2-5 years experience as a licensed financial professional (series 7)
- Must possess excellent computer skills and be proficient using Microsoft applications including Word, Excel, PowerPoint and Outlook
- Registered Investment Advisor license required for position (Series 65 or 66), can be attained once hired.
Source: for more information click here.
