Senior Alternative Investments Operations Associate

Janney; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Paid Parental Leave

Generous Paid Time Off

$2,000 referral bonus

Professional Development Assistance

Job summary

Janney is seeking a proactive Senior Alternative Investments Operations Associate to join the Operations team in Philadelphia. The role supports processing and oversight of hedge funds, private equity, real estate, and other non-traditional vehicles, ensuring data integrity, reconciliations, and issue resolution.

The ideal candidate has strong operational knowledge, sound judgment, and a client-first mindset.

Qualifications

• Bachelor's degree in business, finance, or related discipline preferred.
• 3–5 years in investment operations with exposure to alts.
• Series 99 and SIE required within 120 days of employment.
• Series 7 preferred but not required.
• Solid understanding of hedge funds, private equity, real estate, interval funds.
• Hybrid role: three days a week in Philadelphia, PA office.

Responsibilities

• Transaction Processing: execute and review alt investment transactions with accuracy and compliance.
• Advisor & Client Support: provide updates on activity, docs, and fund timelines.
• Reconciliation: reconcile positions, cash activity, suspense accounts; resolve discrepancies.
• Issue Resolution: investigate issues and implement solutions with urgency.
• Process Improvement & Team Support: assist testing of new systems; help onboarding.
• Data Management: maintain alt investment data with fund docs and custodial data.

Skills

Attention to Detail

Effective Communication

Analytical Thinking

Client Focus

Collaboration

Problem Solving

Education

Bachelor's degree in business, finance, or related discipline

Tools

DTCC AIP

Fund Administrator Systems

Job description

We are seeking a proactive and detail-oriented Senior Alternative Investments Operations Associate to join our Operations team. This role supports the daily processing and oversight of alternative investment products, including hedge funds, private equity, real estate, and other non-traditional investment vehicles. The Senior Associate is responsible for handling complex transactions, maintaining data integrity, reconciling positions, and resolving issues in coordination with internal partners and external fund administrators.

The ideal candidate demonstrates advanced operational knowledge, sound judgment, and a client-first mindset. This individual serves as a subject matter resource within the team and assists with training and quality review to ensure accurate, efficient, and timely processing.

What you are good at:

• Attention to Detail: Consistently delivers accurate, high-quality work with minimal supervision

• Effective Communication: Clearly conveys information across levels and functions

• Analytical Thinking: Evaluates data to identify issues and drive resolution

• Client Focus: Anticipates advisor and client needs, ensuring a responsive and professional experience

• Collaboration: Works closely with peers and partners to achieve shared goals

• Problem Solving: Demonstrates initiative in addressing challenges and recommending process improvements

Responsibilities:

• Transaction Processing
  Execute and review alternative investment transactions including subscriptions, redemptions, capital calls, distributions, trails, placement fees and transfers. Ensure accuracy, completeness, and compliance with established procedures and fund requirements.

• Advisor & Client Support
  Serve as a knowledgeable point of contact for financial advisors and their support teams. Provide timely updates on transaction activity, documentation requirements, and fund timelines.

• Reconciliation
  Perform detailed reconciliation of positions, cash activity, and suspense accounts between internal systems, fund administrators, and custodians. Research and resolve discrepancies independently when possible.

• Issue Resolution
  Identify, investigate, and elevate operational issues with a sense of ownership and urgency. Collaborate with supervisors, managers, and partners to implement solutions that enhance accuracy and client satisfaction.

• Process Improvement & Team Support
  Contribute to process enhancement and workflow efficiency efforts. Assist in testing new systems or automation initiatives. Support onboarding and training of new team members as needed.

• Data Management
  Maintain and validate alternative investment data in internal systems, ensuring accuracy with fund documentation, custodial data, and reporting platforms.

Qualifications:

• Bachelor's degree in business, finance, or a related discipline strongly preferred

• 3-5 years of experience in investment operations with exposure to alternative investments preferred.

• Prior experience in a broker-dealer, custodian, or fund administrator environment a plus

• Series 99 and SIE required within 120 days of employment

• Series 7 preferred but not required

• Solid understanding of alternative investment products (e.g., hedge funds, private equity, real estate, interval funds)

• Working knowledge of fund documentation, subscription/redemption processes, and custodial workflows

• Proficiency in reconciliation and investment operations tools; experience with DTCC AIP or fund administrator systems a plus

• 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 with a willingness to share knowledge and assist others

This is a hybrid position requiring three days a week in our Philadelphia, PA office.

Why work for us?

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee's life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus and Professional Development Assistance Plan designed to help you make the most of your life at work and at home-today and in the future.

• Paid Parental Leave

• generous Paid Time Off

• eligibility for a $2,000 referral bonus

• Professional Development Assistance Plan

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.

People are our strongest asset. We recognize that when our team members thrive, our firm is more successful.