About Magnetar
Magnetar is a leading global alternative asset manager with ~$19B AUM as of December 31, 2024. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Systematic Investing, and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
Reporting to the Company’s Head of Client Services, the Investor Operations Specialist will be responsible for the day-to-day management of investor account onboarding, capital activity processing and reporting, including reconciliation with the Company’s external administrator, fielding ad hoc inquiries from investors and / or the administrator, and supporting client servicing work for the broader team.
Responsibilities
Investor Account Onboarding:
- Work with investors and the Company’s external administrator to ensure full and complete documentation associated with prospective investor accounts (knowledge of AML / KYC best practices is a plus)
- Oversee investor wires and ensure timely receipt / distribution of funds around subscription deadlines, capital calls, etc.
- Book new accounts in the Company’s CRM system and other applicable internal systems
Manage Capital Activity:
- Provide support for processing all subscriptions, transfers, distribution, calls and redemptions for the Firm’s external facing funds
- Assist with investor documentation and ad hoc investor inquiries relating to fund capital activity
- Maintain and reconcile investor data for tracking all pending and final capital activity
- Liaise with internal finance and accounting team to ensure capital activity is properly booked across internal systems
Investor Reporting:
- Assist in the maintenance and distribution of various investor reports that are posted to the Company’s investor portal or distributed via email
- Help maintain investor reporting contacts and account details in the Company’s CRM system
- Assist in distribution of daily, weekly and monthly performance estimates and reports
- Track and monitor various investor reporting obligations in conjunction with the Investor Relations team
Internal Reporting:
- Provide support to various departments in the Firm to facilitate business planning and capital flow projections
- Assist in compiling investor & fund metrics for management committee reporting
- Liaise with the external administrator to help facilitate FATCA compliance and various periodic and annual investor updates such as form ADV, Privacy Policy, etc
- Liaise with the Compliance team and the external administrator on investor reporting and approvals
- Provide support for key projection reports for the Compliance team and activity flows for the Marketing and Portfolio Finance teams
Other/Misc:
- Serve as the primary point of contact / liaison between the Company and its external administrator for general shareholder services management
- Participate in and lead special and recurring projects and report results to senior management
- Identify and improve internal processes
- Design and implement control techniques including liaison with systems staff to develop and implement automated solutions
- Assist in the testing and development of new processes and tools
- Establish and maintain documentation for processes and procedures
- Represent the Investor Operations team in working groups, attend meetings and participate on conference calls as required
- Over time, support client servicing efforts of existing investors and develop relationships with key junior members of investor’s staff
Qualifications
- BA/BS with outstanding academic credentials
- One to three years business experience in the financial industry. Prior experience in fund administration/shareholder services is preferred
- Knowledgeable in trade instructions including subscription agreements, redemption notices, transfer agreements and letters of direction with either hedge fund or private equity investments
- Strong attention to detail
- Ability to balance multiple concurrent projects and prioritize work in a fast-paced environment
- Ability to communicate effectively with external clients
- Superior problem-solving skills with demonstrated initiative and ability to manage tasks and projects independently from start to finish
- Flexibility and adaptability to handle changing priorities pertaining to workflow
- Strong interest in furthering technological initiatives to streamline processes
- Proven ability to work both independently and within a team
- Strong analytical abilities
- Proficient in Adobe Acrobat and Microsoft Office Suite (including Outlook, Excel, Word and PowerPoint). Familiarity with Backstop Solutions, or a comparable Customer Relationship Management (CRM) system, is a plus.
The annual base salary range for this position is $80,000 to $125,000 USD. The actual base salary will depend upon the candidate’s relevant experience, qualifications, skills, business needs and market. This role may be eligible for a discretionary bonus and if awarded is based on a variety of factors including firm and individual performance.
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.
Top Skills
What We Do
𝐖𝐡𝐨 𝐖𝐞 𝐀𝐫𝐞:
Magnetar Capital is a leading alternative asset manager with offices in Evanston, Ill., New York and London.
Founded in 2005, Magnetar was built on the belief that new opportunities existed for a firm specifically structured to remove common barriers among various investment styles – like quantitative and qualitative, short and long duration, and beyond.
Our core businesses – Alternative Credit & Fixed Income, Healthcare and Systematic Investing – enable us to cater to a wide-range of investor needs.
We foster a collaborative work environment and supportive culture based on three key values: insight, integrity and passion.
Philanthropically, we’re on a mission to ensure all high school students have access to a quality financial education course.
𝐖𝐡𝐚𝐭 𝐖𝐞 𝐃𝐨:
At Magnetar, we are innovators, dissatisfied with the status quo. We seek to generate tomorrow’s diversifying return streams by challenging today’s investment norms. We embrace the creative challenge of building novel structures that produce positive outcomes for our investors.
We work to identify differentiated opportunities where we believe we can create a strategic advantage by engineering and scaling our processes and attempting to structure our investments to be profitable across a wide array of outcomes. We are purposeful in how we source, analyze, structure and manage the risks of our investments as we seek to achieve quantifiable, repeatable results.
As part of our mission to deliver diversifying returns to investors, we invest growth capital in businesses that drive the real economy. We invest across geographies, in both public and private transactions.
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