What does an asset manager do?
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Asset manager responsibilities
Here are examples of responsibilities from real asset manager resumes:
- Manage and improve the processes require to support server end of life and normal windows patching processes.
- Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
- Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
- Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
- Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
- Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
- Process analysis and improvement for ITSM work flow.
- Help identify and quantify macro drivers that best explain investment performance.
- Realize average $10k savings on SQL server non-production instances through standardize deployments.
- Perform reconciliation efforts of the configuration/ asset data from multiple sources for CMDB migration.
- Investigate and resolve exceptions and accuracy issues of the CMDB and other data sources.
- Design and create SQL reports and custom Altiris views base on departmental functions and requirements.
- Consult with non-technical users to identify, analyze, refine and document business requirements for ITAM.
- Coordinate computer and software configuration deployments of end user PC desktop hardware, software and peripherals.
- Contribute and implement the method of operation for the deed in lieu team's daily operational functions.
Asset manager skills and personality traits
We calculated that 20% of Asset Managers are proficient in Asset Management, Financial Statements, and Property Management. They’re also known for soft skills such as Detail oriented, Math skills, and Analytical skills.
We break down the percentage of Asset Managers that have these skills listed on their resume here:
- Asset Management, 20%
Designed and executed asset management procedures and processes to maintain control and to monitor the accountability, maintenance and contracts.
- Financial Statements, 7%
Process accomplished through underwriting by analyzing collateral asset, borrower financial statements, appraisals, market reports and other related materials.
- Property Management, 7%
Directed property management to preserve and restore properties, facilitated evictions, negotiated CFK transactions focusing on presenting and countering offers.
- Customer Service, 6%
Analyzed composition and production location to implement product consolidation to reduce cost, improve machine utilization and improve customer service.
- Oversight, 5%
Provided procurement oversight and designed computer hardware platforms for our client, based on contractual obligations and customer criteria per agency/division.
- Loan Portfolio, 5%
Led efforts to develop workout banks within organization to address problem loan portfolios acquired or developed.
Common skills that an asset manager uses to do their job include "asset management," "financial statements," and "property management." You can find details on the most important asset manager responsibilities below.
Detail oriented. The most essential soft skill for an asset manager to carry out their responsibilities is detail oriented. This skill is important for the role because "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." Additionally, an asset manager resume shows how their duties depend on detail oriented: "prepare detailed financial reports on all aspects of receivership operation and management including the disposition of individual assets. "
Math skills. Many asset manager duties rely on math skills. "financial managers need strong skills in certain branches of mathematics, including algebra," so an asset manager will need this skill often in their role. This resume example is just one of many ways asset manager responsibilities rely on math skills: "implemented quantitative tools for risk and performance management and developed structured products offering. "
Analytical skills. This is an important skill for asset managers to perform their duties. For an example of how asset manager responsibilities depend on this skill, consider that "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of an asset manager: "conduct reconciliation of data contained between inventory by exception asset management and dpas to ensure accuracy. ".
Communication skills. asset manager responsibilities often require "communication skills." The duties that rely on this skill are shown by the fact that "financial managers must be able to explain and justify complex financial transactions." This resume example shows what asset managers do with communication skills on a typical day: "formed and led multi-divisional teams in performing analysis and due diligence, eliminating redundant analysis and streamlining internal divisional communications. "
Organizational skills. Another crucial skill for an asset manager to carry out their responsibilities is "organizational skills." A big part of what asset managers relies on this skill, since "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." How this skill relates to asset manager duties can be seen in an example from an asset manager resume snippet: "direct organizational restructuring of pdv uk to define scope and provide resources for investor relations and business development functions. "
The three companies that hire the most asset managers are:
- Deloitte194 asset managers jobs
- Pwc105 asset managers jobs
- Ernst & Young82 asset managers jobs
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Compare different asset managers
Asset manager vs. Manager finance planning and analysis
A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
These skill sets are where the common ground ends though. The responsibilities of an asset manager are more likely to require skills like "asset management," "financial statements," "property management," and "oversight." On the other hand, a job as a manager finance planning and analysis requires skills like "hyperion," "process improvement," "visualization," and "financial operations." As you can see, what employees do in each career varies considerably.
Managers finance planning and analysis tend to make the most money working in the manufacturing industry, where they earn an average salary of $109,735. In contrast, asset managers make the biggest average salary, $92,074, in the finance industry.On average, managers finance planning and analysis reach higher levels of education than asset managers. Managers finance planning and analysis are 11.8% more likely to earn a Master's Degree and 0.4% less likely to graduate with a Doctoral Degree.Asset manager vs. Accountant and office manager
An accountant/office manager is responsible for monitoring the organization's accounting records and financial reports, analyzing statistical information, and managing payroll processes. Accountant/office managers must have excellent knowledge of accounting disciplines and principles to perform accounting duties and train accounting staff of the accounting operations, overseeing account receivables, conducting bank reconciliations, and responding to the staff's inquiries and concerns. An accountant/office manager must have excellent communication and leadership skills, helping the management develop practical accounting and financial approach, maintaining the stability of the organization's cash management.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that asset manager responsibilities requires skills like "asset management," "financial statements," "property management," and "oversight." But an accountant and office manager might use other skills in their typical duties, such as, "payroll tax returns," "general ledger accounts," "journal entries," and "purchase orders."
Accountant and office managers may earn a lower salary than asset managers, but accountant and office managers earn the most pay in the real estate industry with an average salary of $59,443. On the other hand, asset managers receive higher pay in the finance industry, where they earn an average salary of $92,074.In general, accountant and office managers achieve similar levels of education than asset managers. They're 4.8% less likely to obtain a Master's Degree while being 0.4% less likely to earn a Doctoral Degree.Asset manager vs. Administrative & finance manager
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, an asset manager is likely to be skilled in "asset management," "property management," "customer service," and "loan portfolio," while a typical administrative & finance manager is skilled in "payroll processing," "human resources," "administrative procedures," and "financial management."
Administrative & finance managers make a very good living in the insurance industry with an average annual salary of $92,645. On the other hand, asset managers are paid the highest salary in the finance industry, with average annual pay of $92,074.When it comes to education, administrative & finance managers tend to earn higher degree levels compared to asset managers. In fact, they're 8.2% more likely to earn a Master's Degree, and 0.1% more likely to graduate with a Doctoral Degree.Asset manager vs. Management accounts manager
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Even though a few skill sets overlap between asset managers and management accounts managers, there are some differences that are important to note. For one, an asset manager might have more use for skills like "asset management," "financial statements," "oversight," and "loan portfolio." Meanwhile, some responsibilities of management accounts managers require skills like "client facing," "strategic account management," "customer satisfaction," and "crm. "
Management accounts managers enjoy the best pay in the energy industry, with an average salary of $108,174. For comparison, asset managers earn the highest salary in the finance industry.In general, management accounts managers hold similar degree levels compared to asset managers. Management accounts managers are 0.4% less likely to earn their Master's Degree and 0.5% less likely to graduate with a Doctoral Degree.Types of asset manager
Updated January 8, 2025
