Administrator (Operations Associate)
Description
Job Title: Administrator
Reports to: VP, Manager - Client & Portfolio Administration
Duties & Responsibilities:
- Match & affirm trades on Depository Trust Company (DTC) via Omgeo Trade suite
- Match foreign trades with brokers via DTCC (Central Trade Manager) CTM
- Interaction with traders on a daily basis
- Responsible for end of day processing of trades, including daily P&L valuations
- Liaise with brokerage firms, clearing houses, and custodian banks to resolve any issues that arise in settlement of trades
- Reconcile cash and equity positions with custodian banks on a daily basis
- Reconcile client accounts on a daily, monthly and quarterly basis
- Maintain reference data for all clients
- Preparation of new accounts and documentation
- Maintain and update settlement instructions on DTCC Alert
- Work closely with Prime Brokers on various trade and settlement issues, total return swaps, and f/x business.
Qualifications:
- Undergraduate degree and cumulative GPA of 3.0 or above in a 4.0 scale is required
- 5+ years working in investment management operations
- Must be highly motivated, organized, and analytical
- Must be able to work with clients and in-house personnel effectively
Skills:
- Proficiency in Microsoft Office products
- Understanding of data management and stewardship
- Knowledge of DTCC, including Omgeo CTM and Trade Suite.
- Knowledge of accounting and reconciliation software.
- Knowledge of order management systems and analysis systems. Eagle, Charles River, Bloomberg, and Factset are a plus.
Compensation: Base salary anticipated to be $90-120k base, discretionary bonus, and outstanding benefits.
Working at Alger:
Alger is an entrepreneurial, privately owned firm that 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.
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 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.com
Fred Alger & Company, LLC is an Equal Opportunity Employer.