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How to hire a senior portfolio manager

Senior portfolio manager hiring summary. Here are some key points about hiring senior portfolio managers in the United States:

  • There are currently 13,804 senior portfolio managers in the US, as well as 45,223 job openings.
  • Senior portfolio managers are in the highest demand in Charlotte, NC, with 16 current job openings.
  • The median cost to hire a senior portfolio manager is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • Human Resources use 15% of their expenses on recruitment on average.
  • On average, it takes around 12 weeks for a new senior portfolio manager to become settled and show total productivity levels at work.

How to hire a senior portfolio manager, step by step

To hire a senior portfolio manager, you need to identify the specific skills and experience you want in a candidate, allocate a budget for the position, and advertise the job opening to attract potential candidates. To hire a senior portfolio manager, you should follow these steps:

Here's a step-by-step senior portfolio manager hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a senior portfolio manager job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new senior portfolio manager
  • Step 8: Go through the hiring process checklist

What does a senior portfolio manager do?

A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.

Learn more about the specifics of what a senior portfolio manager does
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  1. Identify your hiring needs

    The senior portfolio manager hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    Hiring the perfect senior portfolio manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

    The following list breaks down different types of senior portfolio managers and their corresponding salaries.

    Type of Senior Portfolio ManagerDescriptionHourly rate
    Senior Portfolio ManagerFinancial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.$32-95
    Cash ManagerA cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks... Show more$31-62
    Credit And Collection ManagerA credit and collection manager is responsible for evaluating credit services and supervising the credit and collection team in reaching out to clients with outstanding debts and credit applications. Credit and collection managers oversee the cash flow systems and identify opportunities to minimize excessive loss and resolve credit disputes... Show more$22-52
  2. Create an ideal candidate profile

    Common skills:
    • Portfolio Management
    • Risk Management
    • Project Management
    • Real Estate
    • Business Development
    • Client Relationships
    • Client Facing
    • Financial Statements
    • SR
    • Oversight
    • Financial Performance
    • Private Equity
    • Cash Management
    • Strong Analytical
    Check all skills
    Responsibilities:
    • Manage internal pricing system for exchange trade securities and over-the-counter instruments by verifying all instruments have valid daily closing exchange price.
    • Improve portfolio s performance by enhancing research quality, analyzing equities, and selecting stocks that outperform relevant benchmarks.
    • Provide oversight and execute multiple complex transactions under very difficult market conditions.
    • Review and monitor construction and provide oversight from inception of a portfolio to operations and disposition.
    • Prepare comprehensive financial/market analysis to evaluate and support investment opportunities for new investments in the different multi-asset portfolios.
    • Collaborate with cross sector portfolio managers on overall public fix income allocation decisions and deep dives into pertinent global macro issues.
    More senior portfolio manager duties
  3. Make a budget

    Including a salary range in the senior portfolio manager job description is a good way to get more applicants. A senior portfolio manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

    For example, the average salary for a senior portfolio manager in Georgia may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level senior portfolio manager. Additionally, a senior portfolio manager with lots of experience in the field may command a higher salary as a result.

    Average senior portfolio manager salary

    $115,805yearly

    $55.68 hourly rate

    Entry-level senior portfolio manager salary
    $67,000 yearly salary
    Updated December 24, 2025

    Average senior portfolio manager salary by state

    RankStateAvg. salaryHourly rate
    1New York$143,509$69
    2Massachusetts$136,645$66
    3California$136,295$66
    4Delaware$123,492$59
    5Illinois$117,786$57
    6Pennsylvania$117,026$56
    7Missouri$116,615$56
    8Virginia$113,972$55
    9Wisconsin$110,078$53
    10Ohio$109,054$52
    11Arizona$105,685$51
    12Texas$105,433$51
    13District of Columbia$105,118$51
    14Maryland$104,743$50
    15Washington$104,423$50
    16Minnesota$102,982$50
    17Florida$101,093$49
    18North Carolina$99,190$48
    19Arkansas$93,356$45
    20Alabama$92,722$45

    Average senior portfolio manager salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1Legal & General Investment Management America$195,674$94.07
    2Silicon Valley Bank$189,393$91.05
    3Vontobel$189,073$90.90
    4PayPal$179,174$86.142
    5Jhpiego$171,623$82.51
    6LendingClub$171,485$82.4413
    7CFA Institute$167,105$80.34
    8Nike$166,828$80.211
    9Neuberger Berman$165,546$79.59
    10VF$162,263$78.01
    11UBS$161,917$77.847
    12Northern Trust$161,518$77.657
    13Biogen$160,765$77.292
    14Ceridian$159,010$76.45
    15Barclays$158,144$76.03
    16Citi$156,978$75.4724
    17Capital Advisors Group$156,282$75.14
    18S&T Ban$155,301$74.662
    19U.S. Pharmacopeia$152,862$73.49
    20Northwest Bank$150,075$72.1517
  4. Writing a senior portfolio manager job description

    A senior portfolio manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior portfolio manager job description:

    Senior portfolio manager job description example

    Overview

    Primary responsibility is to monitor the portfolio quality of assigned Segment 2 and 3 businesses' credit relationships including gathering, analyzing and underwriting all business and personal financial data collected for the purpose of issuing, extending, amending, reviewing, monitoring and testing a commercial credit facility for the most complex and high valued loans and maintaining direct contact with clients in the management of these relationships. Expected to liaise between all parties to ensure timely and efficient analysis that meets the expectations of the Borrowers, Relationship Managers, Credit Officers, Borrowers' Financial Advisors, and Attorneys. Assists team in achieving sales results and portfolio growth. Identifies sales opportunities within the portfolio and escalate to the RM. Additionally, the position is responsible for expanding their relationships by cross-selling the Banks products and services when appropriate.

    Responsibilities
    • Accountable together with the Relationship Managers for managing complex credit relationships through underwriting, policy knowledge, credit structuring, and risk assessment in complex credit request packages. Ensure packages are complete, accurate and thoroughly documented. Coordinate meetings to discuss new loan requests, renewals, current and adequate financial statement collection, risk rating assessments, past dues, pipeline and call preparation
    • Engage in ongoing direct dialogue with clients focusing on the credit relationship
    • Provide credit management support to the CME for the entire loan portfolio. Maintain oversight to key portfolio activities to include Watchlist reporting, AQR process completion, and loan review interaction. Monitor covenant testing, financial collection and annual line reaffirmation/term loan review process with associated accounts.
    • Complete industry specific underwriting including analysis and industry sub-sector trends
    • Assist in an effective closing process including working with outside counsel, clients and advisors throughout onboarding. Drive accurate ordering appropriate documents. Act as liaison with internal departments. Ensure loans are booked as approved
    • Facilitate timely receipt of current and adequate financial statements. Analyze financial statements and document client performance, conduct annual credit review meetings with clients along with identified risk and risk factors
    • Conduct loan portfolio concentration and trend analysis. Generate industry and market analysis reports for production and credit staff. Monitor and assess the loan portfolio for performance trends. Manage data integrity of all data inputs and outputs. Review and update loan systems information to ensure accuracy
    • Assists team in achieving sales results and portfolio growth. Partners with RMs to increase overall sales performance by identifying sales opportunities within the portfolio.
    Qualifications Education

    Bachelor Degree or the equivalent experience. Specialty: Finance, Economics, or Business Administration. (Required)

    Experience

    10 or more years Commercial Credit. (Required)

    10 or more years Banking. (Required)

    This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management. Sponsorship Statement As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future. EEO Statement Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. We can recommend jobs specifically for you! Click here to get started.
  5. Post your job

    There are various strategies that you can use to find the right senior portfolio manager for your business:

    • Consider promoting from within or recruiting from your existing workforce.
    • Ask for referrals from friends, family members, and current employees.
    • Attend job fairs at local colleges to find candidates who meet your education requirements.
    • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.
    Post your job online:
    • Post your senior portfolio manager job on Zippia to find and recruit senior portfolio manager candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Recruiting senior portfolio managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

    Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

    The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

  7. Send a job offer and onboard your new senior portfolio manager

    Once you've found the senior portfolio manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

    It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

    Once that's done, you can draft an onboarding schedule for the new senior portfolio manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire a senior portfolio manager?

Hiring a senior portfolio manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting senior portfolio managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of senior portfolio manager recruiting as well the ongoing costs of maintaining the new employee.

Senior portfolio managers earn a median yearly salary is $115,805 a year in the US. However, if you're looking to find senior portfolio managers for hire on a contract or per-project basis, hourly rates typically range between $32 and $95.

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