Portfolio Administrator Salary
Portfolio Administrators in the United States pull down an average of $55K annually. Including potential for bonuses and profit sharing — peaking near $11K and $10K, respectively — total cash payment to Portfolio Administrators can bottom out near $39K or peak near $80K depending on individual performance. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to half. Men working as Portfolio Administrators who took the survey just slightly outnumber women at 59 percent. This report is based on answers to PayScale's salary questionnaire.
Job Description for Portfolio Administrator
Portfolio administrators are responsible for the accurate and timely implementation of client accounts. Some of their basic job duties include providing direct service to assigned clients, coordinating various reports and reviews, preparing financial statement request letters, and following up for information. Portfolio administrators also assist in the collection of delinquent accounts and tax payments as necessary. Most portfolio administrators work for banks or other financial institutions. They generally work in an office environment and report directly to managers.Read More...
Portfolio administrators must have excellent communication skills, working well with clients to answer questions, deliver necessary information, and process financial transactions. They may also plan and/or lead education events for clients, as well as educational materials such as informational emails.
This position often requires a bachelor’s degrees in economics, finance, management, accounting, or a related field. A post-baccalaureate degree (such as a master's of business administration, or MBA) may be preferred. Usually, a minimum of two years' experience is required, and employers may require relevant licensing. Knowledge of basic computer software is needed, as are good organizational, and analytical skills. Negotiation skills and knowledge of contact administration are necessary as well. A background check might also be required for employment.
Portfolio Administrator Tasks
- Read, interpret and manage portfolio documents.
- Manage compliance and regulatory adherence across the portfolio and for reporting.
- Process and reconcile daily, weekly and monthly balances.
- Review data, create reports and understand the current state of the portfolio.
- Set up, maintain and evaluate accounts.
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Pay by Experience Level for Portfolio Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Portfolio Administrators — those with more experience do not necessarily bring in higher earnings. Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $61K. People with 10 to 20 years of experience make an average of about $66K in this role. As Portfolio Administrators reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $72K.
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Key Stats for Portfolio Administrator
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