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Portfolio Manager Jobs in Springfield, MA (NOW HIRING)

MassMutual

Client Portfolio Analyst

Springfield, MA · On-site

$82K - $107K/yr

You'll interface frequently with our broader Wealth Management organization and help us implement best practices of portfolio management. The Team Our team is a dynamic, energetic, and problem ...

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All JobsPortfolio JobsPortfolio Manager JobsPortfolio Manager Jobs in Springfield, MA

Portfolio Manager information

See Springfield, MA salary details

$36.9K

$100.1K

$186.8K

How much do portfolio manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for portfolio manager in Springfield, MA is $100,107.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,300.00 and $129,500.00 per year, depending on experience, location, and employer.

What is the difference between Portfolio Manager vs Financial Analyst?

AspectPortfolio ManagerFinancial Analyst
Required CredentialsTypically CFA, CFP, or similar certificationsOften CFA, CPA, or relevant finance degrees
Work EnvironmentInvestment firms, asset management companies, banksCorporations, investment banks, consulting firms
Employer & Industry UsageFocus on managing investment portfolios for clients or firmsFocus on analyzing financial data to support investment decisions

While both roles require strong financial knowledge and certifications like CFA, Portfolio Managers primarily oversee investment portfolios and make strategic decisions, whereas Financial Analysts focus on analyzing data to inform those decisions. The roles often work closely but differ in scope and responsibilities.

Do you need a CFA to be a portfolio manager?

A CFA designation is not mandatory to become a portfolio manager, but it is highly valued and often preferred by employers for demonstrating expertise in investment analysis and portfolio management. Many portfolio managers also hold advanced degrees or relevant certifications, and strong experience in finance and investment strategies is essential.

What are some common challenges Portfolio Managers face when balancing multiple client portfolios?

Portfolio Managers often juggle multiple client accounts simultaneously, each with distinct investment goals, risk tolerances, and time horizons. One of the main challenges is maintaining clear communication with clients to understand their evolving objectives while ensuring that portfolio allocations remain aligned with market conditions and compliance standards. Additionally, Portfolio Managers must stay updated on market trends, manage performance reporting, and coordinate with analysts, traders, and compliance teams. Effective time management, strong analytical skills, and adaptability are essential to handle these complexities successfully.

What does a Portfolio Manager do?

A Portfolio Manager is responsible for making investment decisions and managing a collection of assets or securities on behalf of clients, such as individuals or institutions. They analyze market trends, assess risk, and develop strategies to achieve specific financial goals. Portfolio Managers regularly review and adjust investment holdings to maximize returns and minimize risks according to the client's objectives and constraints.

What are the key skills and qualifications needed to thrive as a Portfolio Manager, and why are they important?

To thrive as a Portfolio Manager, you need strong analytical abilities, financial modeling expertise, and a solid educational background in finance or economics, often complemented by a CFA or MBA. Familiarity with portfolio management software, Bloomberg Terminal, and risk assessment tools is crucial for effective asset allocation and performance tracking. Excellent communication, decision-making, and relationship-building skills help you interact with clients and stakeholders. These competencies are vital for making informed investment decisions, managing risk, and building client trust in a competitive financial environment.

What Does a Portfolio Manager Do?

A portfolio manager manages funds and investment strategies on behalf of a client. They may research and develop strategies for individuals or institutional investors, such as pension funds, or governmental entities, such as states municipalities. Although a portfolio manager has some sales duties, their primary responsibilities are as a financial research analyst, as they determine the amount of risk to which a client is willing to be exposed. This position is commonly found at investment banks or similar financial institutions. Qualifications to become a portfolio manager include a bachelor’s degree in statistics, economics, finance, or a related field as well as any relevant professional licenses.

What does a portfolio manager actually do?

A portfolio manager is responsible for overseeing investment portfolios, making decisions on asset allocation, and selecting securities to meet clients' financial goals. They analyze market trends, assess risk, and use financial tools and models to optimize investment performance, often holding relevant certifications like the CFA. Their work involves continuous monitoring and adjusting investments to achieve desired returns within acceptable risk levels.

How do you become a portfolio manager?

To become a portfolio manager, typically one needs a bachelor's degree in finance, economics, or a related field, along with relevant work experience in investment analysis or financial management. Many professionals pursue certifications such as the Chartered Financial Analyst (CFA) designation to enhance their credentials. Strong analytical skills, knowledge of financial markets, and proficiency with investment tools are also important for success in this role.

How much money does a portfolio manager make?

A portfolio manager's salary varies based on experience, location, and the size of the firm, but typically ranges from $70,000 to over $200,000 annually. Many also earn performance-based bonuses and may hold certifications like the CFA to enhance earning potential.
More about Portfolio Manager jobs
What are the most commonly searched types of Portfolio jobs in Springfield, MA? The most popular types of Portfolio jobs in Springfield, MA are:
What are popular job titles related to Portfolio Manager jobs in Springfield, MA? For Portfolio Manager jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Portfolio Manager jobs in Springfield, MA look for? The top searched job categories for Portfolio Manager jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Portfolio Manager jobs? Cities near Springfield, MA with the most Portfolio Manager job openings:
Portfolio Manager jobs near you
Infographic showing various Portfolio Manager job openings in Springfield, MA as of July 2026, with employment types broken down into 85% Full Time, 13% Part Time, 1% Temporary, and 1% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $100,107 per year, or $48.1 per hour.
VP Commercial Portfolio Manager

VP Commercial Portfolio Manager

New Valley Bank & Trust

Springfield, MA • On-site

$100K - $175K/yr

Full-time

Posted 13 days ago

Job description

JOB SUMMARY:
The Commercial Portfolio Manager supports the bank's lending activities by gathering and analyzing financial and business information related to loan requests. This role involves performing credit administration functions, managing customer relationships, conducting portfolio analysis, and collaborating with the Chief Lending Officer and lending team to ensure the sound management of the bank's commercial loan portfolio. The ideal candidate is highly analytical, detail-oriented, and customer-focused, with a deep understanding of commercial lending and credit practices.
KEY RESPONSIBILITIES:
Credit Administration Functions:
  • Collect and analyze financial statements, tax returns, and other business information to evaluate customer and prospect loan requests.
  • Assist in preparing loan presentations, underwriting analyses, and credit memos for approval.
  • Conduct periodic loan reviews to ensure compliance with loan terms and conditions.
  • Support loan closings by coordinating documentation, ensuring accuracy, and confirming compliance with policies.
  • Monitor loan covenants and follow up with borrowers for required reporting.

Customer Contact and Relationship Management:
  • Act as back up support for assigned lender as a point of contact for customers, addressing inquiries regarding loan accounts, modifications, and other banking needs.
  • Work closely with lenders to maintain strong client relationships and ensure excellent customer service.
  • Assist in gathering updated financial and operational information from borrowers as needed.

Portfolio Analysis and Management:
  • Conduct ongoing portfolio analysis to identify trends, concentrations, and risks.
  • Track and report on key portfolio metrics, including delinquencies, risk ratings, and renewal schedules.
  • Collaborate with the lending team to develop action plans for underperforming loans or high-risk accounts.

Compliance and Risk Management:
  • Ensure adherence to bank credit policies, regulatory requirements, and risk management standards.
  • Identify potential problem loans and recommend solutions to mitigate risk.
  • Maintain detailed and accurate records of credit files and loan servicing activity.

Collaboration and Support:
  • Partner with the Chief Lending Officer and lenders to achieve departmental and organizational goals.
  • Support business development efforts by providing analytical insights and recommendations.
  • Assist in special projects, audits, and other duties as assigned as the business need dictates.

QUALIFICATIONS:
Education and Experience:
  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • Minimum of 3-5 years of experience in commercial lending, credit analysis, or portfolio management.
  • Knowledge of financial statement analysis, credit underwriting, and risk management practices.

Skills and Competencies:
  • Strong analytical and problem-solving skills.
  • Excellent organizational skills with the ability to manage multiple tasks and deadlines.
  • Effective written and verbal communication skills.
  • High level of accuracy and attention to detail.
  • Proficiency in financial analysis tools, loan servicing software, and Microsoft Office Suite.
  • Strong interpersonal skills with the ability to build and maintain customer relationships.

Performance Metrics:
  • Accuracy and timeliness of financial analyses and credit reviews.
  • Portfolio performance, including delinquency and risk rating trends.
  • Customer satisfaction and responsiveness.
  • Support and collaboration with the Chief Lending Officer and lending team.

WORK ENVIRONMENT:
This role is primarily office-based, with occasional travel to meet with customers or attend industry events as needed.
EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER
New Valley Bank and Trust is committed to diversity and inclusion. We recruit and employ the best qualified individuals without regard to race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or other non-merit-based factors. Equal employment opportunity applies to all personnel actions.

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