Senior Alternative Investments Operations Associate

Janney Montgomery Scott LLC•Philadelphia, PA

1d•Hybrid

About The Position

Janney is seeking a proactive, detail-oriented Senior Alternative Investments Operations Associate to support 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 Senior Associate applies advanced operational knowledge and sound judgment while providing a client-first experience. The role also serves as a subject matter resource for 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 Janney’s 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 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.

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; ensure accuracy, completeness, and compliance with procedures and fund requirements.
Serve as a knowledgeable 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 where possible.
Identify, investigate, and escalate operational issues with ownership and urgency; collaborate with supervisors, managers, and partners to implement solutions that improve accuracy and client satisfaction.
Contribute to process improvement and workflow efficiency efforts; assist with testing new systems or automation initiatives.
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 quality review and serve as a subject matter resource within the team.