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Working at Alger
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 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.
https://www.alger.com/Pages/ProfilesinSuccessIntroduction.aspx
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.
Fred Alger & Company, LLC is an Equal Opportunity Employer
Job Title: Associate, Junior Trader
Reports to (title): Senior VP, Head Trader
Job Description:
The Junior Trader will support the Trading Team as well as the Portfolio Manager in the day-to-day management of investment portfolios by assisting with trade execution, portfolio monitoring, market research, reporting, and operational activities. The Junior Trader will work closely with Portfolio Managers, Trading, Operations, Compliance, and other investment professionals to help ensure efficient portfolio management and execution of investment strategies. This role requires strong analytical skills, attention to detail, and the ability to thrive in a fast-paced investment environment.
Duties & Responsibilities:

• Support the Trading Desk and Portfolio Managers with trade execution, portfolio monitoring, and investment-related activities.
• Prepare portfolio, performance, exposure, and risk reports for Portfolio Managers.
• Collect, organize, and analyze market, economic, company, and portfolio data to support investment decision-making.
• Maintain portfolio holdings, cash balances, and other investment records.
• Assist with portfolio rebalancing activities and investment implementation processes.
• Generate and distribute investment reports, performance summaries, and portfolio-related analyses.
• Review transaction and portfolio data to ensure accuracy and compliance with internal policies and regulatory requirements.
• Monitor corporate actions, earnings announcements, and other market events that may impact portfolio holdings.
• Support ad hoc projects, special analyses, and operational initiatives as requested by the Portfolio Manager.

Qualifications:

• Undergraduate Degree in Information Technology related concentration or a combination of undergraduate degree with requisite training and experience
• Cumulative GPA of 3.0 in a 4.0 scale required
• Bachelor's degree in Finance, Economics, Business, Accounting, or a related field, or an equivalent combination of education and experience.
• 5+ years of experience supporting trading, portfolio management, investment operations, or asset management activities preferred.
• Understanding of equity markets, investment products, portfolio management concepts, and trade lifecycle processes.
• Ability to work effectively in a collaborative environment with Portfolio Management, Trading, Operations, Compliance, and Technology teams.
• Strong written and verbal communication skills.
• Demonstrated attention to detail, accuracy, and organizational skills.
• 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:

• Proficiency in Microsoft Office Suite, particularly Excel, PowerPoint, and Outlook.
• Knowledge of Charles River, Bloomberg, FactSet, Morningstar Direct, or similar investment management platforms preferred.
• Strong analytical, quantitative, and problem-solving skills.
• Ability to interpret financial data and investment reports.
• Excellent organizational skills with strong attention to detail.
• Ability to manage multiple tasks and priorities while maintaining accuracy.
• Knowledge of portfolio management processes, trade support functions, and investment operations.
• Strong interpersonal skills and ability to build effective working relationships across teams.
• Ability to maintain confidentiality and exercise sound judgment when handling sensitive investment information.
• Ability to work in a fast paced environment
• Excellent team building skills to motivate, develop, and participate with others in a team environment

Salary Expectations: $115,000-150,000 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.