Let V be a degree d , reduced hypersurface in \mathbb{CP}^{n+1} , n \geq 1 , and fix a generic hyperplane, H . Denote by \mathcal{U} the (affine) hypersurface complement, \mathbb{CP}^{n+1}-V \cup H , and let \mathcal{U}^c be the infinite cyclic covering of \mathcal{U} corresponding to the kernel of the total linking number homomorphism. Using intersection homology theory, we give a new construction of the Alexander modules H_i(\mathcal{U}^c;\mathbb{Q}) of the hypersurface complement and show that, if i \leq n , these are torsion over the ring of rational Laurent polynomials. We also obtain obstructions on the associated global polynomials: their zeros are roots of unity of order d and are entirely determined by the local topological information encoded by the link pairs of singular strata of a stratification of the pair (\mathbb{CP}^{n+1},V) . As an application, we give obstructions on the eigenvalues of monodromy operators associated to