Senior Alternative Investments Operations Associate
About The Position
The Senior Alternative Investments Operations Associate supports the daily processing and oversight of alternative investment products, including hedge funds, private equity, real estate, and other non-traditional investment vehicles. The role handles complex transactions, maintains data integrity, reconciles positions, and resolves issues in coordination with internal partners and external fund administrators. The associate serves as a subject matter resource on the team and assists with training and quality review to support accurate, efficient, and timely processing. This is a hybrid position requiring three days a week in the Philadelphia, Pennsylvania office.
Requirements
- Bachelor’s degree in business, finance, or a related discipline is strongly preferred.
- 3–5 years of experience in investment operations with exposure to alternative investments is preferred.
- Series 99 and SIE are required within 120 days of employment.
- Solid understanding of alternative investment products, such as hedge funds, private equity, real estate, and interval funds.
- Working knowledge of fund documentation, subscription and redemption processes, and custodial workflows.
- Ability to work independently, prioritize effectively, and manage multiple tasks in a deadline-driven environment.
- Strong written and verbal communication skills.
- Demonstrated initiative and accountability for results.
- Team-oriented approach and willingness to share knowledge and assist others.
- Attention to detail, analytical thinking, problem-solving ability, effective communication, client focus, and collaboration.
Nice To Haves
- Prior experience in a broker-dealer, custodian, or fund administrator environment.
- Series 7.
- Proficiency with reconciliation and investment operations tools; experience with DTCC AIP or fund administrator systems.
Responsibilities
- Execute and review alternative investment transactions, including subscriptions, redemptions, capital calls, distributions, trails, placement fees, and transfers, ensuring accuracy, completeness, and compliance with procedures and fund requirements.
- Serve as a knowledgeable point of contact for financial advisors and their support teams, providing timely updates on transaction activity, documentation requirements, and fund timelines.
- Reconcile positions, cash activity, and suspense accounts across internal systems, fund administrators, and custodians; research and resolve discrepancies independently when possible.
- Identify, investigate, and escalate operational issues with ownership and urgency, collaborating with supervisors, managers, and partners to implement solutions.
- Contribute to process improvements and workflow efficiency, assist with testing systems or automation initiatives, and support onboarding and training of new team members as needed.
- Maintain and validate alternative investment data in internal systems against fund documentation, custodial data, and reporting platforms.
- Assist with team quality review and serve as a subject matter resource.
Benefits
- Paid parental leave.
- Generous paid time off.
- Eligibility for a $2,000 referral bonus.
- Professional Development Assistance Plan.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
