How to hire a vice president and portfolio manager

How to hire a vice president and portfolio manager, step by step

Here's a step-by-step vice president and 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 vice president and portfolio manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new vice president and portfolio manager
• Step 8: Go through the hiring process checklist

What does a vice president and portfolio manager do?

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1. Identify your hiring needs

   Before you post your vice president and portfolio manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a vice president and portfolio manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

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   Hiring the perfect vice president and 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.

   This list shows salaries for various types of vice president and portfolio managers.

   Type of Vice President And Portfolio Manager	Description	Hourly rate
   Vice President And Portfolio Manager	Financial 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.	$45-128
   Tax Manager	A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.	$33-62
   Branch Manager	Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service... Show more	$18-38

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Portfolio Management
   • Loan Portfolio
   • Asset Allocation
   • Financial Statements
   • Client Relationships
   • Real Estate
   • Covenant Compliance
   • Macro
   • Ongoing Management
   • Credit Risk
   • Asset Management
   • Due Diligence
   • Fixed Income

   Check all skills

   Responsibilities:

   • Trade and manage commodity portfolio focusing on energy futures and derivatives in natural gas, crude oil and electricity.
   • Serve as backup to the government trader, which include all hedging activity in treasury cash and futures markets.
   • Trade all non-agency mortgage and asset-backed product including home equity and manufacture housing securities.
   • Lead modeling of consumer losses supporting treasury initiative of integrating consumer portfolio in QRM modeling environment.
   • Deliver customized, tax-advantage investment solutions utilizing individual securities, mutual funds, third party managers and alternative assets.
   • Generate returns, enhance portfolio performance & reduce volatility through derivative overlie, hedging & asset / liability management.

   More vice president and portfolio manager duties

3. Make a budget

   Including a salary range in your vice president and portfolio manager job description is one of the best ways to attract top talent. A vice president and portfolio manager can vary based on:

   • Location. For example, vice president and portfolio managers' average salary in nebraska is 41% less than in alaska.
   • Seniority. Entry-level vice president and portfolio managers 65% less than senior-level vice president and portfolio managers.
   • Certifications. A vice president and portfolio manager with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a vice president and portfolio manager's salary.

   Average vice president and portfolio manager salary

   $159,476yearly

   $76.67 hourly rate

   ---

   Entry-level vice president and portfolio manager salary

   $94,000 yearly salary

   Updated December 16, 2025

   Average vice president and portfolio manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$179,737	$86
   2	Massachusetts	$176,005	$85
   3	Illinois	$175,687	$84
   4	Connecticut	$175,681	$84
   5	Ohio	$173,449	$83
   6	Delaware	$172,949	$83
   7	New York	$170,133	$82
   8	Missouri	$163,070	$78
   9	Wisconsin	$162,282	$78
   10	Minnesota	$155,870	$75
   11	New Jersey	$155,578	$75
   12	Kansas	$146,511	$70
   13	Texas	$143,083	$69
   14	Washington	$142,603	$69
   15	Georgia	$135,341	$65
   16	Iowa	$134,153	$65
   17	Utah	$133,308	$64
   18	Colorado	$117,563	$57

   Average vice president and portfolio manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Berkshire Ban	$221,031	$106.26	7
   2	PPM America	$209,839	$100.88	2
   3	Sumitomo Mitsui Financial Group	$207,450	$99.74	1
   4	Spencer Savings Bank	$204,710	$98.42	12
   5	Customers Bank	$197,769	$95.08	8
   6	Citi	$196,910	$94.67	183
   7	Tudor Funds	$193,826	$93.19
   8	PAAMCO Prisma	$193,039	$92.81
   9	Acadian Asset Management	$191,077	$91.86
   10	The Peoples Bank	$189,909	$91.30	14
   11	Pacific Investment Management Company LLC	$188,000	$90.38	14
   12	ExecuNet	$187,840	$90.31
   13	Neuberger Berman	$183,980	$88.45	2
   14	Whittier Trust	$183,911	$88.42	7
   15	Goldman Sachs	$183,509	$88.23	35
   16	Lazard	$181,005	$87.02
   17	WorldQuant	$180,925	$86.98	4
   18	Western Alliance Bank	$177,480	$85.33	50
   19	OneUnited Bank	$176,132	$84.68
   20	City National Bank	$170,612	$82.03	59

4. Writing a vice president and portfolio manager job description

   A vice president and 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. Below, you can find an example of a vice president and portfolio manager job description:

   Vice president and portfolio manager job description example

   Together we fight for everyone's opportunity for a better financial future.
   
   We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.
   
   Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.
   
   Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage - Apply Now
   
   This position provides an opportunity to become a key contributor to Voya Investment Management's Insurance Portfolio Management Team. This team is the focal point for the stewardship and management of investment mandates for Voya's growing insurance distribution channel. In this role, the candidate will play a complementary role in portfolio construction decision-making.
   
   The candidate should possess the professional and intellectual versatility to participate in and contribute to all aspects of the life cycle of the continued expansion of this critical growth area, including business development, portfolio management, idea generation and problem-solving, analytical support, client servicing and relationship management.
   
   This role comes with significant opportunity to grow rapidly in complexity and responsibility based on your unique skills and the growth trajectory of our client base and the associated assets under management.
   
   Key Responsibilities
   In a team setting, the Insurance Portfolio Manager works with prospective and existing insurance company clients to define and understand their holistic investment needs.Based on this deep and multi-faceted understanding, you will help design an investment solution that reflects each client's unique requirements.Contribute to the implementation of each customized investment solution by coordinating the investment activity and decision-making of all the Voya asset sector specialists across all public and private fixed income asset classes and alternatives.Direct and coordinate internal non-investment expertise, including risk, tax, capital, legal, and accounting, to ensure an appropriate appreciation for those disciplines is incorporated into the investment decision-making process.Participate in the ongoing servicing of insurance client needs including providing analytical and informational support to investment strategy process, monitor and report on investment positions, produce scheduled and ad hoc reports on portfolio position and performance, monitor and report financial market data, and monitor portfolios for adherence to investment policy guidelines.Play a role in supporting all client's informational requirements including responding to requests for information from clients, preparing informational materials for weekly and monthly client communications, taking active role in creating quarterly investment reviews.Work with investment operations staff to help resolve any client-related administrative and investment operations issues as needed.Given the dynamic nature of the investment environment and effect that environment can have on an insurance company's investment requirements, you will assist in developing and executing proactive, creative ongoing initiatives intended to identify and satisfy client's evolving needs.While performing the role outlined above, you are responsible for understanding and following all firm policies and procedures.
   
   Qualifications
   A minimum of 6 years of relevant experience managing investment portfolios for an insurance company; will consider related work experience in lieu of direct insurance-related experience.MBA with emphasis in finance and accounting; CFA designation desired.Strong teammate.Excellent verbal and written communication skills.Excellent problem solving skills and strong analytical capabilities.Strong customer orientation.Knowledge of the following strongly desired:Public and private fixed income instruments and portfolio management Insurance company regulations Risk-based capital for insurance companies Statutory and GAAP investment accounting for insurance companies Insurance company products Asset-liability management in an insurance company environment Total return attribution PC skills and ability to use/learn analytical software
   
   Be Well. Stay Well.
   Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That's why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.
   
   What We Offer
   Health, dental, vision and life insurance plans 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.Paid volunteer time - 40 hours per calendar year
   
   Learn more about Voya benefits (download PDF)
   
   Critical Skills
   At Voya, we have identified the following critical skills which are key to success in our culture:
   Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.Team Mentality: Partnering effectively to drive our culture and execute on our common goals. Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
   
   Learn more about Critical Skills
   
   Equal Employment Opportunity
   Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.
   
   Reasonable AccommodationsWe are committed to maintaining a diverse workforce. This commitment governs all decisions related to employment, including selection, development and compensation. It also includes an employee's request for reasonable accommodation. All employees will be treated in a manner free from discrimination or harassment. Voya is committed to providing equal employment opportunities for persons with disabilities, including reasonable accommodation when needed. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please see our resources for applicants with disabilities.Misuse of Voya's name in fraud schemes

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5. Post your job

   There are a few common ways to find vice president and portfolio managers for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your vice president and portfolio manager job on Zippia to find and recruit vice president and portfolio manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit vice president and portfolio managers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   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 vice president and portfolio manager

   Once you have selected a candidate for the vice president and portfolio manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new vice president and 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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