NorthCoast Asset Management is a data-driven investment firm specializing in dynamic, risk-managed equity and income strategies for high-net-worth investors and financial advisors. With more than two decades of applied research and market experience, the firm combines macroeconomic analysis, quantitative modeling, and disciplined risk controls to actively navigate evolving market environments. The firm is headquartered in Greenwich, Connecticut and operates as a part of the Focus Financial network.
Position Summary
NorthCoast Asset Management is seeking a Portfolio Manager to support the portfolio management team. The team actively manages quantitative stock-selection and asset allocation strategies in global markets. This is an excellent opportunity to join a growing global team and work directly with the portfolio managers. You will be a member of the investment making decision process and contribute to this systematic investment business.
This position requires a presence in the Stamford office five days a week.
Primary Responsibilities
- 30% Portfolio rebalancing:
- Rebalance of quantitative active equity and options overlay investment process
- Generate fundamental insights to be implemented in a quantitatively oriented approach to stock selection, options overlay, portfolio construction, and risk management
- Conduct one-off financial statement analysis on specific holdings or situations that may impact on our models and portfolios and present recommendations to CIO
- Conduct specific portfolio analysis: benchmark relative positioning, what-if analysis, portfolio risk along different dimensions, make recommendations
- 20% Daily portfolio tasks:
- Develop strong understanding of all aspects of the daily portfolio management process (accounts out of bounds, corporate actions override, cash maintenance, account onboarding...)
- Maintain infrastructure and information systems to ensure process integrity, verify signal accuracy
- Design templates and monitoring systems to analyze portfolios, streamline investment process and PM actions, new client on-boarding and coherence with market views
- 20% Process improvements
- Monitor model performance, analyze and address signal-related concerns as well
- Identifying and implementing opportunities for improvement in our investment process
- Working with quantitative research analysts to translate investment insights into a systematic, data-driven investment process
- Identify any needs for system enhancement requirements
- 30% Interface with other departments:
- Communicate positioning of portfolio
- Run portfolio attributions and prepare associated commentaries
- Review monthly performance numbers of portfolios and respective indices, assist with newsletter
- Answer client-related request on portfolio positioning and holdings
- Be the contact point to internal and external constituents, including product, sales, client service, technology, and operations
Qualifications
- Excellent analytical and problem-solving skills coupled with a strong attention to detail
- Strong communication and presentation skills, some client facing activities expected
- Experience managing and trading stocks and options portfolios
- Understanding practical methods for quantitative investing including knowledge of asset allocation, systematic strategies, signal combination, risk management, trading cost modeling and portfolio construction is desirable
- Desire to work on an integrated quantitative + fundamental investment team. Strong understanding of quantitative and fundamental investing, with an appreciation for both disciplines
- Advanced Excel modeling skills: pivot tables, VBA
- Programming experience or ability to ramp up in Python, SQL, Bloomberg
- 3+ years of professional investing experience, ideally in a buy side portfolio management group with exposure to both systematic strategies and concentrated portfolios
- Progress towards CFA, FRM will be viewed positively, Series 65
The Lead Portfolio Manager is an exempt position. The annualized base pay range for this role is expected to be between $110,000 - $120,000/year. Actual base pay could vary based on factors including but not limited to experience, subject matter expertise, geographic location where work will be performed, and the applicant's skill set. The base pay is just one component of the total compensation package for employees. Other rewards may include an annual cash bonus and a comprehensive benefits package.
#LI-KP1
For Indiana Applicants: It is unlawful for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For Maryland Applicants: I UNDERSTAND THAT UNDER MARYLAND LAW, AN EMPLOYER MAY NOT REQUIRE OR DEMAND, AS A CONDITION OF EMPLOYMENT, PROSPECTIVE EMPLOYMENT OR CONTINUED EMPLOYMENT, THAT ANY INDIVIDUAL SUBMIT TO OR TAKE A POLYGRAP OR SIMILAR TEST. AN EMPLOYER WHO VIOLATES THIS LAW IS GUILTY OF A MISDEMEANOR AND SUBJECT TO A FINE NOT EXCEEDING $100.
For California Applicants: Information on your California privacy rights can be found here
For Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this shall be subject to criminal penalties and civil liability.
For Montana Applicants: If hired, the employment relationship is governed by the Wrongful Discharge from Employment Act. Mont. Code Ann. Section 39-2-901.
For Rhode Island Applicants: Focus is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law. If you willfully provide false information about your ability to perform the essential functions of the job, with or without reasonable accommodations, you may be barred from filing a claim under the provisions of the Workers’ Compensation Act of the State of Rhode Island if the false information is directly related to the personal injury that is the basis for the new claim for compensation. The Company complies fully with the Americans with Disabilities Act.
Skills Required
- Excellent analytical and problem-solving skills coupled with a strong attention to detail
- Strong communication and presentation skills, some client facing activities expected
- Experience managing and trading stocks and options portfolios
- Understanding practical methods for quantitative investing
- Desire to work on an integrated quantitative + fundamental investment team
- Advanced Excel modeling skills: pivot tables, VBA
- Programming experience or ability to ramp up in Python, SQL, Bloomberg
- 3+ years of professional investing experience
- Progress towards CFA, FRM
- Series 65
What We Do
Providing long-term investment solutions for individuals, financial advisors and institutions. Helping clients reach their investment goals by maintaining, refining and enhancing a competitive edge through continuous and comprehensive research. A division of Kovitz Investment Group Partners, LLC. Important disclosures here https://northcoastam.com/terms
