Operations Associate

Company: Alger
Location: Jersey City
Posted on: January 8, 2021

Job Description:

Great opportunity for recent grads to learn about asset management by working at a successful boutique firm. The Operations Associate will handle a variety of middle office functions including account client reporting, performance reporting, reconciliations, corporate action, proxy voting, and security ligation processing as well as assisting with Separately Managed Account operations and ongoing projects. Ample training is provided as one of many generous perks of working at Alger.Responsibilities:

• Reconcile cash and equity positions with custodian banks on a daily and monthly basis
• Prepare daily/monthly position and cash reconciliation packets
• Resolve trade discrepancies and settlement problems
• Match & affirm trades
• Processing corporate actions, proxy voting, & security litigations
• SMA Trading and account processing
• Prepare asset reporting
• Prepare performance reporting
• Research and prepare responses for client and internal information requestsRequirements:
  • Undergraduate degree, preferably in a Business major, or an equivalent combination of training and experience
  • Cumulative Grade Point Average (GPA) of 3.0 or above in a 4.0 scale
  • 1-3 years working for an investment management firm or equivalent industry training and experience
  • Must be highly motivated, organized, and resourceful
  • Must be able to work with clients and in-house personnel effectively
  • Proficiency in Microsoft Office products
  • Excellent oral and written communication skills, demonstrated through interactions with clients, outside auditors, and colleagues throughout the organization
  • Demonstrates effective work habits and organizational skills by prioritizing and planning, with the ability to handle multiple tasks simultaneously and adapt to changing client prioritiesTo learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page HERE. Working at Alger:Alger is an entrepreneurial, privately owned firm which encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for 10, 15+ years.We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.We're focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs. Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger's policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law ("Protected Characteristic"). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.Website: www.alger.comFred Alger & Company, LLC is an Equal Opportunity Employer

Keywords: Alger, Jersey City , Operations Associate, Other , Jersey City, New Jersey