Fixed Income Assistant Portfolio Manager

May 14, 2026

Fixed Income Assistant Portfolio Manager

Investment Manager – Fixed Income

Investment Management

Full Time / Exempt

St. Paul, Minn.

- Hybrid Environment (3 days in-office work required)

This position has an integral role on the Fixed Income team, managing portfolios and integrating research and market knowledge to select the best relative value opportunities for clients and managing client accounts. This position is also responsible for delivering analytical and operational support to meet client and governance objectives.

• Build and manage appropriate fixed income portfolios for clients across a wide variety of accounts using taxable and tax‑exempt securities.
• Develop and deploy processes for overseeing management of fixed income portfolios in partnership with Head of Fixed Income.
• Partner as an external advocate for Mairs & Power in fixed income.
• Assist Lead Portfolio Manager on the MN Municipal Bond ETF, becoming fluent in all aspects of ETF operations and management.
• Backup Head of Fixed Income on a periodic basis.

• Perform detailed credit research on both corporate and municipal bonds in conjunction with analyst/Head of Fixed Income.
• Identify and propose relative value opportunities for investment.
• Analyze and monitor corporate and municipal bond holdings to ensure optimal credit quality and yield, contributing to consistent performance.

• Present to clients, both internal and external, to articulate Mairs & Power fixed income approach.
• Prepare reports using tools like Bloomberg, Clearwater, and Excel.
• Initiate changes to processes and across department integrations to better the fixed income process.

• Manage fixed income trade execution and account‑level allocations across client accounts (taxable and tax‑exempt), assisting with broker‑dealer relationships.
• Coordinate and maintain trading platform integration with Mairs & Power systems.

• Bachelor’s degree in finance, economics, or related field; advanced degree (MBA) is strongly preferred.
• Minimum of 7 years’ industry experience in fixed income.
• Deep knowledge of fixed income capital markets and the shifts in market structure.
• Desire, flexibility, and curiosity to experiment with new tools (AI derived or other) to continuously improve your investment process and that of the firm.
• Ability to initiate and carry out opaque projects in an unstructured, evolving environment.
• Must be able to make decisions independently in the face of ambiguity.
• Ability to work collaboratively in a small group.
• Demonstrated commitment to ethical standards and inclusive team culture.
• Expert proficiency in Bloomberg and Microsoft Excel.

The applicable salary for this full‑time role is $175,000 - $225,000 per year. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills and knowledge, business needs, market demand, and other factors.

• Medical and dental
• Health savings account
• Flexible spending account
• 401(k)
• Profit sharing
• Life and accidental death and dismemberment insurance
• Disability insurance
• 20 days of vacation each year (pro‑rated first year of employment)
• Sick and Safe Time
• 10 paid company holidays
• Paid parental leave
• Other employee benefits (eligibility subject to applicable plan/policy documents)

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.