Trust Portfolio Manager

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Full Time Professional Eugene Admin, Eugene, OR, US

5 days ago Requisition

Salary Range: $64,290.74 To $93,495.28 Annually

The Trust Portfolio Manager supports trust and fiduciary accounts by coordinating portfolio-related service needs and cash management activities in partnership with the firm’s external Registered Investment Advisor (RIA). This role does not provide discretionary investment management or create investment models; instead, the Trust Portfolio Manager serves as the primary trust department resource for portfolio implementation questions, cash and liquidity planning for distributions, and client education on investment-related topics consistent with governing documents, client objectives, and applicable fiduciary standards.

• Education:
  
  Bachelor’s degree in finance, accounting, economics, business, or a related field, or equivalent combination of education and experience.
• Experience:
  
  5+ years of experience in trust administration, wealth management operations, portfolio administration, trading support, or related financial services
• Certifications:
  
  CFP is preferred

• Coordinate cash needs for recurring and non-recurring distributions, taxes, fees, and other account obligations; recommend liquidity strategies to Trust Officers and coordinate timely funding.
• Initiate and monitor requests to the external RIA for cash raises (e.g., model-appropriate sales) and confirm settlement timing to meet distribution deadlines.
• Execute trades only as authorized (or coordinate trade execution with the external RIA/custodian, as applicable); review trades for accuracy, settlement, and alignment with account restrictions and documentation.
• Evaluate and coordinate in-kind transfers, security exchanges, and asset swaps within accounts (including cost basis considerations and restrictions) and partner with the Trust Officer, RIA, broker/custodian, and Operations to implement.
• Identify tax-loss harvesting opportunities and coordinate analysis and execution with the external RIA consistent with account objectives, restrictions, and documentation.
• Track CD and bond maturities, calls, and principal/interest cashflows; coordinate reinvestment or liquidity decisions with Trust Officers and the external RIA.
• Serve as the Trust department point of contact for corporate actions and proxy voting; coordinate elections, responses, and documentation in accordance with policy, deadlines, and account authority.
• Act as the primary Trust department resource for trade errors; investigate root cause, coordinate corrections with the RIA/broker/custodian and Operations, document outcomes, and elevate per policy.
• Act as the primary point of contact for the broker and custodian on portfolio/trading operations items, issue resolution, and service requests.
• Be available as a client resource to explain portfolio structure, model objectives, risk/return tradeoffs, fixed income/cashflow concepts, and market impacts using materials approved by the RIA and/or Trust department; elevate investment advice questions to the RIA as appropriate.
• Review account circumstances (governing documents, distribution requirements, tax considerations, concentration constraints, restricted assets) and communicate relevant constraints and account events to the RIA.
• Support account onboarding, investment objective/risk profiling workflows, model selection documentation, and change requests; ensure accurate and complete information is provided to the RIA for trading/rebalancing.
• Monitor and track account investment migrations (e.g., transitions to new custodian, model changes, legacy asset liquidation plans); communicate status, exceptions, and timing to stakeholders.
• Help identify and resolve portfolio-related exceptions (cash deficits, overdrafts, restricted securities, settlement issues, corporate actions, unusual activity) in coordination with Trust Operations and the RIA.
• Coordinate delivery and explanation of investment reports and performance information (as provided by the RIA/custodian) and assist Trust Officers in preparing for client reviews.
• Provide responsive service to internal partners and clients; track open items and follow through to completion.
• Maintain clear notes and records of requests, client communications, approvals, elections, and actions taken in accordance with department standards.
• Follow documentation and approval requirements for model selection/changes, tax-loss harvesting requests, asset swaps, corporate action elections, proxy voting, and distribution funding requests.
• Support audits/exams by providing requested documentation and explaining processes as needed.
• Be knowledgeable of bank compliance rules and adhere to Bank, Federal and State banking policies, procedures and regulations relating to this position.
• Other duties assist with the business or…