AI-Driven Portfolio Assistant

Alger; New York (NY); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Paid time off

Paid medical leave

Parental leave

Health club membership reimbursement

Job summary

Alger is seeking a Portfolio Assistant in New York to support the Portfolio Manager with portfolio administration, data handling, and reporting. You will leverage AI-enabled workflows and data analytics to improve efficiency and decision support.

You will coordinate portfolio activities, validate data, and develop processes with senior teams, while contributing to automated reporting and investment operations. The role suits an analytical, early-career professional with AI exposure.

Qualifications

• Bachelor’s degree in Finance, Economics, Business, Accounting, Data Science, Computer Science, AI, or related field; or equivalent combination of education and experience.
• GPA 3.0 or above in a 4.0 scale is required
• Ideally 1–3 years’ prior experience
• Early-career candidates and recent graduates will be considered with relevant experience
• Demonstrated experience applying AI, machine learning, automation, or data analytics to practical problems
• Portfolio administration or asset management experience is preferred but not required
• Basic understanding of equity markets, investment products, and portfolio management concepts
• Ability to work effectively with multiple teams
• Strong written and verbal communication skills
• Attention to detail, accuracy, organization, and follow-through
• CFA pursuit is a plus

Responsibilities

• Provide dedicated administrative and analytical support to the Portfolio Manager in day-to-day management of investment portfolios.
• Maintain portfolio holdings, cash balances, investment records, watch lists, research files, and other portfolio data.
• Prepare and distribute portfolio, performance, exposure, risk, cash, and other recurring reports.
• Collect, organize, validate, and analyze portfolio, market, economic, and company data to support decisions.
• Use AI-powered tools, automation, and data analytics to improve reporting and workflows.
• Help develop, test, document, and maintain AI-enabled processes with proper controls.
• Assist with portfolio rebalancing, investment implementation, and corporate actions.
• Coordinate portfolio and investment meetings, prepare agendas and materials.
• Monitor earnings announcements, corporate actions, and events affecting holdings.
• Review data for accuracy and policy compliance.
• Partner with teams to resolve data and administrative matters.
• Support ad hoc analyses and AI initiatives.

Skills

Generative AI

Data analysis

Excel

PowerPoint

Python

SQL

Team collaboration

Attention to detail

Communication

Confidential data handling

Problem solving

Education

Bachelor’s degree in Finance or related field

GPA 3.0+ (4.0 scale)

FCA interest is a plus

Tools

Bloomberg

FactSet

Charles River

Morningstar Direct

EDGAR

Microsoft Copilot

Power Automate

Job description

Alger is seeking a Portfolio Assistant in New York to support the Portfolio Manager with portfolio administration, data handling, and reporting. You will leverage AI-enabled workflows and data analytics to improve efficiency and decision support.

You will coordinate portfolio activities, validate data, and develop processes with senior teams, while contributing to automated reporting and investment operations. The role suits an analytical, early-career professional with AI exposure.