Municipal Portfolio Manager - Western U.S. Based

Western U.S. based
Salary range $65 - $90 K (Associate) or $80 - $150 K (full PM), dependent on experience and location
12 Jan 2023
12 Feb 2023
Industry Sector
Asset Management
Employment Type
Full Time

Company Overview

Aquila Investment Management LLC is the privately held manager/administrator of the Aquila Group of Funds. Mutual funds are our core business.

The Aquila Group of Funds has provided investment strategies to shareholders and their Financial Advisers since 1985. Comprised of 9 funds (7 single state municipal bond funds, a high yield corporate bond fund and an equity fund), with combined assets of over $2 billion, Financial Advisers and their clients have come to value our consistent and disciplined investment approach, which emphasizes knowing what we own while striving to preserve and build upon the value of invested assets. Just as importantly, they have come to value and depend upon our uniquely-tailored high level of service. We value this trust and intend to continually strive to maintain it.

We strive to be shareholder oriented in everything we do -- after all, it is our shareholders’ money (and, with our municipal bond funds, shareholders’ money invested in projects in their communities and state). We are committed to providing services specifically designed with shareholders and Financial Advisers in mind. Moreover, we have always believed in aligning our interests with our shareholders. This alignment applies to not only the executive team, but also the trustees of the funds and the portfolio managers.


Serve as part of a collaborative team.

Buy and sell municipal bonds to construct and maintain portfolios that

  • meet stated investment objectives (i.e. maximize investment return commensurate with an acceptable level of risk), and
  • comply with Company policies/procedures and regulatory requirements, including monitoring credit developments/ratings, analyzing financial statements, and actively interacting/collaborating with credit analysts and other members of the investment team.

Prepare and present as may be requested, written as well as verbal (including video and in-person), monthly, quarterly and annual portfolio commentary and insights, including portfolio performance analysis and strategies, the municipal market, economic conditions impacting the direction of interest rates and an outlook of the municipal market for broad audiences (such as sales/marketing team, Financial Advisers, shareholders/prospective shareholders, mutual fund board, and the media), in FINRA compliant form.

Provide regular LinkedIn / Insight Articles (brief non-product-specific articles/insights related to the markets on broad topics) that will be of interest to Financial Advisers and retail investors.

Media participation to showcase individual funds, Aquila Group of Funds, industry experience and firm expertise.

Openly communicate macro views and trading decisions with other Portfolio Managers and analysts.

Maintain active status in good standing for any existing securities licenses.


Money management experience particularly with fixed income securities and preferably municipal bonds.  Experience could include trading desk, credit analysis, municipal sell side or underwriting position.

Client interaction through sales presentations, explaining portfolio asset allocation and performance, or as a client service representative in the financial services sector.


Accuracy - Ability to perform work accurately and thoroughly.

Analytical Skills - Ability to use analytics, thinking and reasoning to make sound investment decisions.

Written Communications - Ability to write clearly/articulately and concisely.

Presentation Skills - Ability to effectively present information with strong conviction.

Relationship Building - Ability to effectively build relationships and serve as a member of a team.


Resident of Western U.S. and/or willing to potentially re-locate or travel extensively.

In-depth understanding of security valuation and fixed income trading.

Working knowledge of fixed income benchmarks and methodologies, credit analysis and economic analysis.

Proficiency with Microsoft Office and Bloomberg (portfolio management systems proficiency a plus).

College degree (MBA and/or a CFA designation a plus).

Willingness to align interests with shareholders by investing in fund(s) managed.

Willingness to travel.


Salary range $65,000 – 90,000 (Associate) or $80,000 - $150,000 (Full PM); title and salary dependent on experience and location

To Apply

Forward resume and qualifications to  Offer contingent on the results of background check.

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