About Magnetar
Magnetar is a leading global alternative asset manager with over $18.6B AUM as of September 30, 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, Healthcare, 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
We are seeking a dynamic and experienced Accounting professional to join our Corporate Finance team at Magnetar. As a Senior Accountant, you’ll be part of a growing team and will play a key role in revamping processes pertaining to key business elements, including complex, reporting, and best-practices around working with team constituents. This person should be a self-starter and will be expected to take initiative around ad hoc analysis and other improvements.
Responsibilities
- Maintain a high degree of visibility into the workings of the firm.
- Monitor cash receipts for completeness and follow up on outstanding revenue items.
- Maintaining the books and records of Magnetar’s management company entities
- Participate in audits throughout the year.
- Prepare annual financials, quarterly reporting and work with the team to provide necessary audit support.
- Coordinating with other groups within Management Company Finance and the firm to produce deliverables and create efficiency in internal processes
- Assisting in the preparation of annual and quarterly reporting including any necessary filings, including a NY Commercial Rent Tax Return, Use Tax Filing, UK VAT filing with HRMC and other Passthrough and State Tax filings etc.
- Develop reporting as needed and provide to management on a regular basis.
- Various other tasks as needed, including ad-hoc analysis.
Qualifications
- This position requires a Bachelor's degree in Accounting, plus 2-4 years of professional experience as an Accountant or related role.
- CPA required.
- Must have professional experience with the following:
- Conducting financial audits
- Using Microsoft Office, including Excel, Word, and PowerPoint, NetSuite general ledger systems and Concur to prepare financial reports
- Completing regulatory reporting requirements
The annual base salary range for this position is $75,000 to $150,000 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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