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Mutual Fund Portfolio Manager Jobs (NOW HIRING)

UMB Financial

Mutual Fund Accountant

Milwaukee, WI · On-site

$51K - $75K/yr

... tasks for mutual fund and collective trust clients. The Registered Fund Accounting group is ... and/or portfolio managers/traders * Review and resolve trade detail exceptions to ensure ...

3M HEALTHCARE

Mutual Fund Accounting Analyst

Oaks, PA · On-site

Client billing and accounts receivable management * Mutual Fund distribution related payment process * Internal control compliance What you will do: * Assemble, review and verify Mutual Fund Fee ...

Career Launch AI

Fund Portfolio Strategist

Manhattan, NY · Hybrid

$100K - $150K/yr

Fund Portfolio Strategist Career Launch AI Talent Network Location: New York, NY (Hybrid ... Asset Management / Investment Management / Financial Services Experience Level: Analyst / Early ...

BRC Group Holdings, Inc.

Sr Portfolio Manager

NY · On-site +1

$125K - $175K/yr

Demonstrated expertise in mutual fund and ETF selection, due diligence, and portfolio construction * Experience with or exposure to alternative investment strategies within a model portfolio context

Flourish Ventures

Fund Portfolio Associate

Manhattan, NY · On-site

$76K - $104K/yr

Under the supervision of the Portfolio Manager and the overall guidance and direction of the Executive Coordinator of the MPTF Office, the Fund Portfolio Associate's responsibilities will include the ...

US Bank

Mutual Fund Relationship Manager 3

Milwaukee, WI · Hybrid

$68K - $93K/yr

... mutual fund investment company concepts. * Excellent oral/written communication skills, organizational & time management skills and problem-solving abilities. * Excellent PC skills and working ...

U.S. Bank

Mutual Fund Tax Accountant II

Milwaukee, WI · On-site

$66K - $78K/yr

The position also offers exposure to portfolio compliance testing, SEC and GAAP reporting ... Ability to manage multiple tasks/projects and deadlines simultaneously * Effective verbal and ...

US Bank

Mutual Fund Tax Accountant II

Milwaukee, WI · On-site

$66K - $78K/yr

The position also offers exposure to portfolio compliance testing, SEC and GAAP reporting ... Ability to manage multiple tasks/projects and deadlines simultaneously * Effective verbal and ...

US Bank

Mutual Fund Tax Accountant

Milwaukee, WI · Hybrid

$60K - $71K/yr

Help prepare and/or review financial statements for client shareholders and test/review portfolio ... Ability to manage multiple tasks/projects and deadlines simultaneously * Effective verbal and ...

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Mutual Fund Portfolio Manager information

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$60K

$89.8K

$161.5K

How much do mutual fund portfolio manager jobs pay per year?

As of Sep 11, 2026, the average yearly pay for mutual fund portfolio manager in the United States is $89,770.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,000.00 and $94,500.00 per year, depending on experience, location, and employer.

What does a mutual fund portfolio manager do?

A Mutual Fund Portfolio Manager is responsible for making investment decisions and managing the assets within a mutual fund. They analyze market trends, select securities such as stocks or bonds, and allocate the fund's resources to meet the investment objectives. These professionals also monitor the fund's performance, adjust strategies as needed, and ensure compliance with regulations. Their goal is to maximize returns for investors while managing risk.

What skills and qualifications are needed to thrive as a mutual fund portfolio manager?

To excel as a Mutual Fund Portfolio Manager, you need a strong background in finance, investment analysis, and portfolio management, usually supported by a relevant degree and certifications like the CFA. Proficiency with financial modeling software, Bloomberg Terminal, and risk management systems is essential for decision-making. Outstanding analytical thinking, communication, and leadership skills set top managers apart in this role. These competencies are critical for making informed investment choices, managing client assets effectively, and achieving superior fund performance.

What are common challenges faced by mutual fund portfolio managers in balancing risk and return for clients?

Mutual Fund Portfolio Managers often grapple with the challenge of achieving attractive returns while carefully managing risk to align with the fund’s stated objectives and client expectations. Market volatility, regulatory changes, and shifting economic conditions can require rapid adjustments to portfolio strategy. Additionally, managers must balance diversification and concentration to avoid overexposure to any single asset class or sector. Effective communication with analysts, compliance teams, and client representatives is essential to ensure the portfolio remains aligned with both regulatory standards and investor goals.

What is the difference between Mutual Fund Portfolio Manager vs Financial Analyst?

AspectMutual Fund Portfolio ManagerFinancial Analyst
CredentialsCFP, CFA, Series 7/63CFA, Series 7/63, Bachelor's degree
Work EnvironmentInvestment firms, asset management companiesBanks, investment firms, corporations
Primary FocusManaging mutual fund portfolios, investment decisionsAnalyzing financial data, providing investment recommendations
Employer & IndustryAsset management, mutual fundsFinancial services, corporate finance

While both roles involve finance and investments, a Mutual Fund Portfolio Manager primarily manages mutual fund portfolios and makes investment decisions, whereas a Financial Analyst focuses on analyzing data and providing insights to support investment choices. The roles often overlap in skills and certifications but differ in daily responsibilities and focus areas.

Are mutual fund portfolio managers paid well?

Mutual fund portfolio managers typically earn competitive salaries that include base pay, bonuses, and performance incentives. Compensation varies based on experience, fund size, and firm performance, with senior managers often earning six-figure to seven-figure incomes. Strong analytical skills and industry certifications like the CFA can enhance earning potential.

Do you need a CFA to be a mutual fund portfolio manager?

A CFA designation is not mandatory to become a mutual fund portfolio manager, but it is highly valued and can enhance credibility and career prospects. Many employers prefer or require candidates to have a CFA charter or equivalent experience in investment analysis, portfolio management, or finance. Relevant skills include strong analytical abilities, knowledge of financial markets, and experience with investment tools and strategies.

How much do mutual fund portfolio managers make?

Mutual fund portfolio managers typically earn a median annual salary ranging from $80,000 to $150,000, with experienced managers and those managing larger funds earning higher compensation, often supplemented by bonuses and performance-based incentives. Salaries can vary based on experience, fund size, and geographic location, and many managers hold certifications such as the CFA to enhance their earning potential.

What cities are hiring for Mutual Fund Portfolio Manager jobs?

Cities with the most Mutual Fund Portfolio Manager job openings:

What states have the most Mutual Fund Portfolio Manager jobs?

States with the most job openings for Mutual Fund Portfolio Manager jobs include:

What are popular job titles related to Mutual Fund Portfolio Manager jobs?

For Mutual Fund Portfolio Manager jobs, the most frequently searched job titles are:

Mutual Fund Portfolio Manager jobs near you

Mutual Fund Accountant

Milwaukee, WI • On-site

UMB Financial Corporation
Commercial Banking • 1 - 5K employees
Learn more about UMB Financial Corporationexternal

$51K - $75K/yr

Full-time

Re-posted 16 days ago

Key responsibilities

  • Oversee general ledger accounting functions for multiple funds

  • Prepare and review preliminary trial balance and NAV calculation for multiple funds

  • Reconcile cash settlements and position quantities to custodian and prime broker records, and investigate discrepancies

Job description

The UMB Registered Fund team manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients.
The Registered Fund Accounting group is responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds, as well as, performing the accounting, pricing, review and reconciliation functions for multiple funds such as U.S. and Foreign Equities, Bonds, Simple Derivatives, Advanced Derivatives, Bank Loans, Private Credit. The team is made up of Fund Accountant I's, II's, III's, Leads, and Managers, which handle more complex funds depending on the Fund Accountant level.
Due to growth, the Registered Fund Accounting group is hiring several new additional head count positions for Fund Accountants I, II, and III's.
Fund Accountant I: 43,000 - 62,800
Fund Accountant II: 49,510 - 72,330
Fund Accountant III: 56,890 - 83,080
How you will spend your time:
  • Oversee general ledger accounting functions for multiple funds
  • Prepare and review preliminary trial balance and NAV calculation for multiple funds
  • Monitor and analyze income and expense accruals to ensure GAAP compliance
  • Analyze corporate action application for GAAP compliance
  • Reconcile cash settlements to the custodian and prime broker records
  • Reconcile position quantity to the custodian and prime broker records
  • Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
  • Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader.
  • Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV
  • Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
  • Coordinate audit materials as well as responses to audit inquiries
  • Other duties as assigned.

We're excited to talk with you if:
  • You possess a Bachelor's Degree in one of the following Accounting, Finance, Investment Banking, Economics, International Business, or related field

* The hiring level and final pay will be based on the candidate's verified experience during the interview process
This position was posted on 08/18/2026. The application deadline for this position is 45 days from the posting date unless filled earlier.
Compensation Range:
$51,291 - $75,460
The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.
If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
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