Job Details

Senior Portfolio Manager

Thoreson Steffes Trust Company

Fargo, ND

Full-Time

ABOUT THORESON STEFFES TRUST COMPANY

Thoreson Steffes Trust Company is an independently owned, state-chartered trust firm headquartered in Fargo, North Dakota. Founded on the belief that exceptional wealth and fiduciary services begin with a trusted conversation, the firm serves a select group of individuals and families across the nation.

With more than half a billion dollars in assets under management, Thoreson Steffes delivers a full suite of services, including investment management, trust administration, wealth transfer and retirement planning, fiduciary services, and farm asset management. The firm is known for its high-touch, relationship-driven service model and its ability to navigate complex financial and legacy matters with clarity and care.

Thoreson Steffes is built on personal connection, professional rigor, and a clear-eyed focus on helping clients protect and grow their wealth across generations.

ABOUT THE POSITION & SCOPE

The Senior Portfolio Manager will lead the development of investment strategies, manage complex client portfolios, and serve as a key member of the Investment Committee. This role combines direct client engagement, research and due diligence, and execution of multi-asset class investments to deliver tailored, tax-efficient wealth solutions. The Senior Portfolio Manager will also mentor team members and collaborate with advisors and planning professionals to uphold excellence in portfolio management and client service.

THE IDEAL CANDIDATE

The ideal candidate is a strategic, client-focused investment professional with deep expertise in portfolio management, asset allocation, and risk oversight. Success in this role requires the ability to build trusted relationships while delivering innovative, tax-efficient wealth solutions, strong leadership and mentoring abilities, and exceptional analytical skills.

KEY RESPONSIBILITIES TO ACHIEVE SUCCESS

The Key Accountabilities for the position include but are not limited to the following:

Investment Strategy

• Assist with the development and ongoing refinement of the firm's investment strategy to align with client objectives and market conditions.
• Oversee the creation of strategic asset allocations and select investment securities and managed products to construct portfolios and serve on the Trust and Investment Committee.

Client Engagement

• Provide investment subject matter expertise in client meetings, delivering insights and education on portfolio strategies.
• Collaborate with tax advisors, and financial planners to deliver integrated, holistic wealth management solutions.
• Proactively engage with clients by delivering timely, tailored communication that anticipates their needs. Ensure messaging is clear, accessible, and aligned with each client's preferred communication style.

Portfolio Management

• Construct client portfolios from selected securities and managed funds.
• Manage and optimize client portfolios, including complex and high-net-worth accounts.
• Execute trades across equities, bonds, ETFs, and alternatives while ensuring tax efficiency and operational excellence in portfolio rebalancing and trading workflows.

Research and Due Diligence

• Research investment opportunities including individual stocks, bonds, mutual funds, ETFs and alternatives. Select securities for client portfolios.
• Follow financial market and economic trends and form opinions on how they inform portfolio management strategy.
• Evaluate and select external investment managers, perform ongoing due diligence, and monitor performance against benchmarks.

Risk Management and Compliance

• Develop and oversee investment performance reporting, risk management and compliance policies and procedures.
• Ensure compliance with regulations, maintain investment process documentation, and align portfolios with client risk and tax profiles.

Team Leadership and Collaboration (Influence vs. Authority-based)

• Mentor and guide advisors in economic, market and investment trends such that they can share insights confidently with clients.
• Foster cross-team collaboration and uphold high standards for communication with team members and clients.

REQUIREMENTS OF THE POSITION

The ideal candidate for the position will match as many of the qualifications as possible listed in the bullets below:

• Bachelor's degree (or higher) in finance, economics or business.
• CFA designation (or candidate beyond level I and commitment to complete program)
• Excellent communication, negotiation, and people skills.
• Highly skilled at analysis, identifying opportunities, and solving problems.
• Exceptional energy, work ethic, and work capacity.
• Strong leadership, highly motivated, self-starting, and strong organizational skills.
• Ability to thrive both independently and collaboratively in a team-oriented environment.

COMPENSATION AND BENEFITS

• Competitive salary based on experience and qualifications
• Paid time off; minimum four weeks to start
• Employer paid health, dental and vision insurance for the employee. Family coverage at employee expense.
• Annual Health Saving Account contribution from the Company.
• Employer paid long term disability coverage
• Paid maternity leave (12 weeks) and paternity leave (six weeks).
• Employer funded retirement plan
• Paid parking

THE SEARCH

Sagency, an executive search and leadership consulting firm, has been retained for this Senior Portfolio Manager search.

Sagency consultants will review and evaluate all interested parties to help the hiring team review a final group for consideration.

The search will be conducted in a professional manner and all potential candidates will be given consideration. Candidate conversations and information will be handled with great discretion and confidentiality. Sagency and Thoreson Steffes Trust Company are equal-opportunity employers.

If, after reviewing this Opportunity Profile, you believe your experience, capabilities, and passion align with the mission of the organization and the requirements of this role, we welcome your interest. The application and selection process will proceed as follows:

Step 1: Submit Your Application

Complete the online application and upload your resume.

Applications will be accepted on a rolling basis until the position is filled.

Step 2: Interview with Sagency

Qualified candidates may first be contacted for a brief phone conversation, followed by a 60-minute video interview with a Sagency Executive Search Consultant.

Step 3: Client Interviews
Top candidates will be invited to participate in the first round of interviews with the client organization.

Thank you for your time and your interest in this role.