Portfolio Assistant

Alger; New York (NY); Presencial; USD 90.000 - 120.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Paid time off

Paid medical leave

Parental leave

Health club membership reimbursement

Descripción de la vacante

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.

Formación

• 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

Responsabilidades

• 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.

Conocimientos

Generative AI

Data analysis

Excel

PowerPoint

Python

SQL

Team collaboration

Attention to detail

Communication

Confidential data handling

Problem solving

Educación

Bachelor’s degree in Finance or related field

GPA 3.0+ (4.0 scale)

FCA interest is a plus

Herramientas

Bloomberg

FactSet

Charles River

Morningstar Direct

EDGAR

Microsoft Copilot

Power Automate

Descripción del empleo

Reports to (title): Senior VP, Head of Equity Trading

Job Description:

The Portfolio Assistant will provide dedicated day-to-day support to the Portfolio Manager, with a focus on portfolio administration, portfolio data, reporting, and AI-enabled workflow improvement. The role will help maintain accurate portfolio information, prepare analyses and materials, coordinate portfolio-related activities, and identify opportunities to use artificial intelligence and automation to improve efficiency and decision support. This position is well suited for an analytical, detail-oriented early-career professional whose relevant AI experience may have been developed through academic programs, internships, research, projects, or professional work.

Duties & Responsibilities:

• Provide dedicated administrative and analytical support to the Portfolio Manager in the 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 for the Portfolio Manager.
• Collect, organize, validate, and analyze portfolio, market, economic, and company data to support investment decision-making.
• Use AI-powered tools, automation, and data analytics to improve portfolio reporting, research organization, data validation, and recurring administrative workflows.
• Help develop, test, document, and maintain AI-enabled processes while applying appropriate review, confidentiality, and data-quality controls.
• Assist with portfolio rebalancing, investment implementation, corporate actions, and other portfolio administration activities in coordination with Trading and Operations.
• Coordinate portfolio and investment meetings, maintain agendas and follow-up items, and prepare presentation and meeting materials.
• Monitor earnings announcements, corporate actions, and other events that may affect portfolio holdings, and organize relevant information for review.
• Review portfolio and transaction data for accuracy and consistency with internal policies and applicable requirements.
• Partner with Portfolio Management, Trading, Operations, Compliance, Technology, and other investment professionals to resolve portfolio data and administrative matters.
• Support ad hoc analyses, AI initiatives, process-improvement projects, and other assignments requested by the Portfolio Manager.

Qualifications:

• Bachelor's degree in Finance, Economics, Business, Accounting, Data Science, Computer Science, Artificial Intelligence, or a related field, or an equivalent combination of education and experience.
• Cumulative GPA of 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. Relevant experience may come from internships, academic research, coursework, capstone projects, independent projects, or professional roles.
• Demonstrated experience applying AI, machine learning, automation, or data analytics to practical problems. Several years of meaningful AI experience gained during college may be considered.
• Portfolio administration, investment operations, portfolio management support, or asset management experience is preferred but not required for a candidate with strong relevant academic or project experience.
• Basic understanding of equity markets, investment products, portfolio management concepts, and investment operations.
• Ability to work effectively with Portfolio Management, Trading, Operations, Compliance, and Technology teams.
• Strong written and verbal communication skills.
• Demonstrated attention to detail, accuracy, organization, and follow-through.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Progress toward or interest in pursuing the CFA designation is a plus.

Skills:

• Required proficiency in Word, Excel, EDGAR (i.e. SEC electronic filing System)
• Proficiency in Microsoft Office Suite, particularly Excel, PowerPoint, and Outlook.
• Hands-on ability to use generative AI, machine learning, automation, or data-analysis tools to organize information, analyze data, automate recurring work, and improve reporting accuracy.
• Ability to evaluate AI-generated output, validate source data and results, document processes, and handle confidential investment information appropriately.
• Experience with Python, SQL, Microsoft Copilot, Power Automate, or comparable tools is preferred.
• Knowledge of Bloomberg, FactSet, Charles River, Morningstar Direct, or similar investment management platforms is preferred.
• Strong analytical, quantitative, and problem-solving skills.
• Ability to interpret financial data, portfolio reports, and investment information.
• Excellent organizational skills and strong attention to detail.
• Ability to manage multiple tasks and priorities while maintaining accuracy.
• Strong interpersonal skills and the ability to build effective working relationships across teams.
• Ability to maintain confidentiality and exercise sound judgment when handling sensitive investment information.
• Ability to work effectively in a fast-paced, collaborative environment.

Salary Expectations:

$90,000-120,000 base salary plus discretionary bonus per performance

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.

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 more than 10 years.

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.

To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page HERE.

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 indicate 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.

Fred Alger & Company, LLC is an Equal Opportunity Employer