Portfolio Administrator Salary
Portfolio Administrators in the United States can expect wages of $54K annually on average. Overall incomes of Portfolio Administrators generally bottom out at around $39K and peak near $80K; the final number can, in exceptional cases, include upwards of $11K each for bonuses and profit sharing proceeds. Career duration is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and the greater part earn dental coverage. Male Portfolio Administrators are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 57 percent of the field. Most Portfolio Administrators report high levels of job satisfaction. The figures in this overview were provided by individuals who took 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.
Portfolio Administrator Job Listings
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Pay by Experience Level for Portfolio Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Portfolio Administrators, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $49K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $60K. Portfolio Administrators with one to two decades of relevant experience report an average salary of approximately $65K. People who have worked for more than 20 years report a median income of $71K, which is barely higher than the median for folks with 10 to 20 years of experience.