There is a newer 4.2 build that helps Update/Note: [This document][1] shows how to use your own SSL certificate in two ways:
the embedded web server.
1. It tells the embedded IE behave better
2. There is an option to change the host name used by the Console when you choose "Local Host". I'd recommend putting an entry in your hosts file that maps the ssl-certificate's hostname to the IP address of the local machine (or maybe just 127.0.0.1). Then you can change the local Console to use that host name and the browser will be satisfied.
At the moment you should get [the Preview build][1] build][2] for this fix. Within a week or so it will be rolled out as the Production build.
[1]: https://www.poweradmin.com/help/latestsmhelp.aspx?page=report_other_ssl_cert.aspx
[2]: http://www.poweradmin.com/servermonitor/Preview.aspx