Finance Associate

4 weeks ago

Evanston, Illinois, United States Magnetar Full time
About Magnetar
Magnetar is a leading global alternative asset manager with a strong focus on delivering positive outcomes for our investors. We seek to generate consistent performance across various market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare, and Systematic Investing. Our team is based in Evanston, IL, with additional offices in New York, London, and Houston.

Position Overview
We are currently seeking an experienced accountant to join our Alternative Credit and Fixed Income (ACFI) Finance team at Magnetar. This position will report to the Controller of ACFI and interact with Operations, Portfolio Finance, Investor Relations, and Front Office personnel on a regular basis. The position will help form and build relationships with external administrators, auditors, valuation specialists, and portfolio company finance teams.

Responsibilities
  • Manage day-to-day fund accounting responsibilities, including preparing daily analysis of fund product/desk trading position/profit and loss and firm management reports.
  • Assist in managing the monthly NAV process with the administrator to ensure timely completion of NAV closes within SLA.
  • Contribute to the monthly investment valuation process for consistency with GAAP and the private placement memorandum, and prepare reporting for the quarterly Valuation Committee.
  • Assist in the preparation and review of regular reporting requirements, including regulatory reporting, investor snapshots, and ad hoc requests from the front office and investor relations.
  • Manage the year-end audit and tax-related requests and queries at interim and year-end, as well as review of the financial statements prepared by our fund administrators.
  • Provide transaction support to the trading desk as it relates to private negotiated transactions.
  • Assist in portfolio monitoring during various life cycles of an investment and participate in the asset diligence function.
  • Recommend, develop, and implement new practices, procedures, and systems to improve operating efficiency, reporting capabilities, and internal control.

Qualifications
  • Undergraduate or graduate degree in Finance or Accounting with strong academic performance record.
  • 4-5 years' experience in public accounting with relevant client experience and qualified CPA or experience in a similar accounting or finance function in asset management.
  • Proficient with Microsoft office applications with emphasis on MS Excel.
  • High level of intelligence, internal drive, intellectual inquisitiveness, and analytical ability.
  • Optimistic attitude with willingness to contribute however and wherever possible or required.
  • Energetic, flexible, attention to detail, and demonstrated capability to be proactive.
  • Proven ability to work both independently and in multi-disciplinary teams toward specific objectives.
  • Proven ability to work with focus and effect under time or other constraints.

Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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