Senior Portfolio Manager - Nottingham Advisors (On-Site)

Job Description

Job Description

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.

Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.

To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

Responsibilities

General Responsibilities:

To manage assigned account portfolios in accordance with stated objectives, Trust Policy and State/Federal fiduciary regulations. This includes;

• Work with the division’s more significant and/or complex account relationships
• Work with account administrators and clients to develop investment policy statements (IPS)
• Select and monitor both individual investments and overall client portfolios
• Maintain appropriate records and documentation to support investment decisions
• Participate in divisional committees
• Build relationships with other WMG personnel to identify and develop additional business opportunities
• Establish and develop relationships with division clients and their other professional advisors
• Establish and develop relationships with COI’s to generate new business
• Respond to inquiries or requests for information
• Provide personal trust and employee benefit services to division clients
• Achieve customer service goals as established in the Bank’s annual operating plan
• Supervise assigned personnel
• Provide guidance and training/support to division peers and subordinates

Essential Duties:

• Stay current with debt and equity markets as well as economic developments that may affect investment decisions.
• Manage assigned divisional accounts including but not limited to the following:
• Analyzing requirements of assigned accounts by reviewing account agreements and/or legal instruments, determining cash requirements, and anticipating tax consequences;
• Preparing complete account analysis and documentation.
• Monitoring the cash and investments of each account with consideration of objectives, the needs of beneficiaries, and cash requirements for taxes and distributions
• Monitoring and researching/analyzing substantial price changes in division-held investments to establish an appropriate course of action
• Monitoring the quality of client investments, makings changes when appropriate
• Reviewing the investment of new and existing accounts
• Establishing, monitoring and updating account investment objectives and IPS
• Performing account investment reviews in accordance with regulatory and fiduciary requirements.
• Executing trades.
• Actively pursue and maintain professional relationships with other professionals within the financial and business communities to maximize business development opportunities.
• Communicate and respond to investment-related inquiries from division personnel, clients, attorneys, accountants, and other appropriate parties.
• Develop additional business with both new and existing clients
• Maintain an active awareness of changes in legal and regulatory requirements which may affect accounts.
• Provide quality service to customers, whether internal or external.
• Comply with established operating policies and procedures in order to maintain adequate controls and to support the Bank’s adherence to outside regulatory requirements.
• Communicate with management and Bank/Trust personnel to help integrate goals and activities.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner.

Qualifications

Education/ Training:

• B.S. or B.A. degree with a major in Business, Economics, Finance or Accounting preferred.
• Advanced level of technical knowledge, as evidenced by the completion of Chartered Financial Analyst, Certified Financial Planner, Certified Financial Advisor, or related accreditation in order to obtain and analyze financial information in order to forecast business, industry and economic trends as a basis for making investment decisions.
• Specialized personal trust and employee benefit education and training.
• All applicants must be 18 years of age or older.

Skills:

• Strong reading, writing, grammar, computer, and mathematics skills; strong interpersonal relations and communicative skills; a thorough knowledge of investments, trust services, and employee benefit services; valid drivers license.

Experience:

• Minimum of seven (7) years’ experience as a Trust Investment Officer or related field normally required, with at least five (5) years’ experience in investment field.