Senior Associate, Fund Finance

Position Overview

We are currently looking for an experienced accountant to join our Fund Finance team at Magnetar. This position will report to the Controller of Fund Finance and will 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.

The position provides high visibility to various groups and exposure to a variety of hedge fund strategies and financial products employed therein. He or she will be expected to become familiar with the various investment strategies and financial products through on-the-job learning, informal discussions with Portfolio Managers, risk management and operational personnel, and external courses.

In addition to solid academics, accounting skills and work experience, the ideal candidate will possess a high level of intelligence and drive coupled with an ability to work both independently and in multi-disciplinary teams toward specific objectives. He or she has an optimistic attitude with a willingness to contribute however and wherever possible and seeks out an environment with the potential to rapidly assume additional challenges and responsibility based on performance.

Responsibilities

• Manage day to day fund accounting responsibilities, including:
• Prepare 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, including identifying opportunities to deploy AI systems or technologies to enhance operating efficiency, reporting capabilities and improve internal control.

Qualifications

• Undergraduate or graduate degree in Finance or Accounting with strong academic performance record.
• 4-7 years' experience in public accounting with relevant client experience strongly preferred.
• CPA and/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. Seeks out an environment with the potential to rapidly assume additional challenges and responsibilities.
• 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.

The annual base salary range for this position is $90,000 to $175,000 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.