Senior Alternative Investments Operations Associate

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 ProcessingExecute 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 escalate 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 ManagementMaintain 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. Explore further.

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.