Managed Accounts Job Description

Managed Accounts Job Description

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Managed accounts provides sound financial management and facilitate the addition of products and services to existing clients that aligns with their goals and needs.

Managed Accounts Duties & Responsibilities

To write an effective managed accounts job description, begin by listing detailed duties, responsibilities and expectations. We have included managed accounts job description templates that you can modify and use.

Sample responsibilities for this position include:

Work directly with financial advisors and staff as they ask questions and in the implementation of Managed Accounts projects, policies and procedures
Financial Services Customers
Monitor & analyse financial consequences of processing methods & work with clients to minimize their costs and increase their revenue
All client requests (new accounts, withdrawals, contributions, tax harvesting, terminations, etc…) are processed and traded accurately and within SLA’s
Portfolio Management directed trades are implemented and executed timely and correctly
Accounts are managed in compliance with firm and client directed guidelines
Risk is appropriately controlled
Work closely with sales and sales management to educate the sales force on Managed Account policies, provide transition materials for prospective clients, and handle escalated client service issues
Liaise with various internal partners including legal, compliance, marketing, sales, sales management, client service and product development
Conduct regular error reviews and utilize data to construct preventative measures on a go forward basis

Managed Accounts Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Managed Accounts

List any licenses or certifications required by the position: CFA, CFP, CIMA

Education for Managed Accounts

Typically a job would require a certain level of education.

Employers hiring for the managed accounts job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Finance, Education, Associates, Economics, MBA, Accounting, Public Health, Management, Health

Skills for Managed Accounts

Desired skills for managed accounts include:

Financial markets
Fidelity products and industry alternatives
Securities
Active and passive equities
Cash
Competitors and their products and services
Custody and securities products and services to work with other internal partners and recommend new services
Financial
Investment industry
Products to clients where possible

Desired experience for managed accounts includes:

Collaborate with the Business Management team to establish appropriate metrics and scorecards to gauge volumes and ensure accounts are coded properly to ensure accurate MIS reporting
Ensure that various periodic MIS and trading reports are produced for senior management in a timely and accurate manner
Continually review orders for best execution and enhance trade cost analysis data
Prior credit experience, with knowledge of commercial and small business credit and/or operations an asset
Strong credit judgment and problem solving abilities
Knowledge of Merchant Services is preferred and familiarity of Visa Canada regulations would be an asset

Managed Accounts Examples

1

Managed Accounts Job Description

Job Description Example
Our growing company is looking to fill the role of managed accounts. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for managed accounts
  • Update, maintain and improve existing analytical tools, models and processes used to select investment managers and evaluate client portfolios
  • Responsible for oversight of discretionary program reviews and self-monitoring, including the development and maintenance of the investment advisory policies and procedures and all related desk procedures
  • Perform regular reviews of composite data on advisor and client facing tools
  • Contribute to the delivery of new products and services through funded enhancements that increase ease of use, competitiveness in the marketplace and/or improve profitability
  • Commitment to partner with Business Development Executive(s) to maximize territory sales coverage and increase assets
  • Promoting positive team morale, and a high integrity environment
  • Provide various reporting through the use of internal/external data
  • Maintain strong working relationships with product partners and other company stakeholders
  • Partner with subject matter experts across the firm and outside of the firm to continually improve the quality of advice being given to clients
  • Provide support and participate in advisor/client presentations and field facing events
Qualifications for managed accounts
  • Hard working, Quick Learner & eager to learn new technologies & understand business
  • Ability to work as part of small team or individually with changing requirements and adapt to changes in business and technology landscape
  • Minimum 3-5 year operations experience including trading, ideally in a wrap account trading environment
  • Strong analytical and problem-solving skills using data to identify trends
  • NASD Series 66 or combination of Series 63/65 (to be completed within 180 days of hire)
  • 3 years of experience in sales or 3 years of experience in operations or 3 years of experience in client service roles
2

Managed Accounts Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of managed accounts. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for managed accounts
  • Compile and analyze diverse asset and metric reports on the state of the Managed Account industry
  • Collect, input, audit, analyze and report MAG data on a monthly, quarterly, and annual basis
  • Assist senior management in assessing headcount needs using key performance indicators and capacity level metrics
  • Liaise with technology teams to build more effective and efficient reports and dashboards for MAG
  • Work closely with senior management to produce high level quarterly overviews of the business
  • Support day-to-day product issues that operations and the distribution channels encounter, evaluates and proposes controls and process improvements for a more efficient client and associate experience
  • Periodically conduct competitive analysis using databases and other tools to prepare gap analysis comparing our solutions to competitors
  • Assist in developing operational processes and procedures for products
  • Partner with Marketing on all forms of marketing and communications to external clients and internal employees including, but not limited to, website content, client reporting, Learning Alerts, Job Aids
  • Act as subject matter expert on managed account related projects
Qualifications for managed accounts
  • 1 year experience working with Envestnet or other third party managed account platform
  • 3 years’ experience with multi-disciplinary sales experience desirable with a focus in the Managed Accounts sales arena
  • CFP, CIMA or CFA certification
  • State-approved Life & Health Insurance Licenses
  • Proven track record in leading cross organization initiatives and working/influencing all levels of the organization to drive results
  • Ability to influence change across multiple areas
3

Managed Accounts Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of managed accounts. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for managed accounts
  • Translate investment knowledge into client results
  • Actively manage relationships with external partners and advisors
  • Contribute to strategic projects related to business goals
  • Perform customers visits per team goals to support sales, evaluate sales model performance and strengthen customer perspective
  • Direct management of field specialty sales specialists
  • US Sales and Service Management
  • Global Software Development
  • Manage a direct portfolio of clients made up of EU and US head quartered accounts
  • Oversee client communications that impact the book of business and ensure communication protocol is adhered to
  • Direct the relationship for the managed accounts through a combination of face-to-face, phone and written communication channels
Qualifications for managed accounts
  • Must demonstrate strong understanding of managed account products and brokerage operations
  • Strong understanding of third party products and brokerage operations
  • Solid presentation skills for use in one-on-one in frequent large group settings
  • Experience with Vestmark, Fiserv APL, and SMA sponsor systems a plus
  • Experience with investment performance and/or end client reporting preferred
  • Experience with analytical software used to evaluate investments (Excel, Access, FactSet, Morningstar Direct, Bloomberg)
4

Managed Accounts Job Description

Job Description Example
Our company is looking for a managed accounts. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for managed accounts
  • Work as part of cross-functional project teams, collaborating with Commerce Solutions sales teams in other regions win and on-board clients with multi-jurisdictional needs and stakeholders
  • Manage communications with line of business partners to ensure a unified account management strategy with the client base
  • Create and maintain a development plan for each account outlining key dates, opportunities and threats that will be presented internally to the key CSo and banking stakeholders for input and approval
  • Participate in cross organizational initiatives representing the Managed Accounts/Advisory team
  • Lead across the organization to implement new/improved Wealth Management products and resolve complex advisor/client issues
  • May lead internal and external vendor/partner relationships including negotiation of agreements, management of service level agreements, ongoing issue resolution
  • Complete day-to-day service operations processing tasks, such as auditing, processing transactions, and ensuring the team's processes are effective and efficient
  • Participate in business-driven projects and initiatives both within the team and with third party investment managers
  • Take a lead role in proactively reaching out to advisors, upstream and downstream business partners, or relationship partners to educate them on systems and other processes
  • Business lead on medium to large size projects
Qualifications for managed accounts
  • Experience managing professional relationship with third party institutions
  • MBA and/or other advanced degree
  • Prior manager research experience, with a focus on fixed income and/or alternative investments
  • Experience in supervising managed and/or pension accounts is preferred
  • You understand how complex information is best presented in a digital environment
  • You understand adult learning theory and how curriculum is best designed and how training is best presented
5

Managed Accounts Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of managed accounts. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for managed accounts
  • Coordinating, analyzing, and validating all aspects of Managed Health Care Regional Account Rebates
  • Must be able to understand and interpret customer agreements for payment accuracy
  • Understand software application systems for accurate and efficient rebate processing
  • Continuous review of rebates paid to ensure compliance with OEC and government pricing calculation requirements
  • Provide actual to plan reconciliations for assigned accounts on required schedules for Plan/Update/S&OP/LRP
  • Continuous interactions with third party rebate processor, IMS
  • Provide analytical support to the broader Investment Research Group through calculating and maintaining model portfolio performance and addressing ad hoc requests
  • Collaborate with all roles in the scrum team to define test scope at unit, integration and E2E (functional and non-functional)
  • Apply a risk-based test approach to agreed scope and ensure that you constantly refine and review acceptance criteria for testability
  • Work with team to define the test automation approach for the team, you will be the gatekeeper to all things quality
Qualifications for managed accounts
  • People rave about your project management skills!
  • You are able to work collaboratively amongst a wide range of business teams
  • You bring strong interpersonal and communications skills
  • Excellent organizational and advanced problem solving skills
  • Ability to multi task maintain high level of quality
  • Ability to work in an environment in which processes and procedures are actively evolving

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