Senior Associate, Fund Finance Evanston, IL

Magnetar Capital LLC; Evanston, Northern (IL, KY); Hybrid; USD 90,000 - 175,000; Full time

Job summary

Magnetar Capital LLC, based in Evanston, IL, seeks an experienced accountant to join our Fund Finance team. This role reports to the Controller of Fund Finance and collaborates with Operations, Portfolio Finance, Investor Relations, and Front Office to support hedge fund accounting, NAV, and reporting.

Ideal candidates have 3–7 years public accounting experience, a Finance or Accounting degree, and CPA or relevant asset-management finance background.

Qualifications

• Undergraduate or graduate degree in Finance or Accounting with strong academic performance record.
• 3-7 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.

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.

Skills

MS Excel

Analytical ability

Attention to detail

Independent work

Team collaboration

Education

Finance or Accounting degree

Tools

Microsoft Office

Job description

Magnetar is a leading global alternative asset manager with ~$17B AUM as of May 31, 2026. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London, Menlo Park, CA, and Austin, TX.

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, Quantitative Investing, and Venture.

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 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.
• 3-7 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.
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• 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.

Applicants must be authorized to work in the United States without the need for employer sponsorship now or in the future.

We verify human presence and geolocation before processing your application in order to prevent applications from bots. If you have questions regarding identity verification or need further assistance or accommodation in completing the verification, please contact [e-mail] .

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.

AI Disclaimer

Magnetar uses AI tools such as Claude, an AI assistant developed by Anthropic, to support certain recruiting and talent acquisition activities, such as tracking candidates’ status in the recruiting process, interviewer preparation, and interviewer feedback consolidation.These tools may facilitate recruiting and hiring-related processes. Information processed may include application materials, resumes, interview notes, interviewer feedback, candidate status information, and related communications. Magnetar uses an enterprise version of Claude that operates in a closed-loop environment and does not permit information processed by the system to be publicly available.

The AI tool currently used for these purposes is Claude, an AI assistant developed by Anthropic. Magnetar uses AI for the following types of positions: exempt positions.

Hiring decisions are made by authorized Magnetar personnel. No AI tool makes or determines any employment decision. AI-generated output is used only as a support tool and is subject to human review. Magnetar does not rely solely on AI-generated output, including any score, tag, classification, ranking, recommendation, or similar output, with no other factors considered. Magnetar also does not use any such output as one of a set of criteria where the AI-generated output is weighted more than any other criterion, or to overrule conclusions derived from other factors, including human decision-making.

Magnetar will not use artificial intelligence with respect to recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment in a manner that has the effect of subjecting employees or applicants to discrimination on the basis of protected classes under the Illinois Human Rights Act or any other appliable law, or use zip codes as a proxy for protected characteristics.

Magnetar is aware of fraudulent job post schemes, such as phishing emails, that invite candidates to apply and interview for positions at Magnetar. We take this matter very seriously. Please be aware that Magnetar does not send unprompted emails soliciting applications or offering interviews. If you have applied for a position at Magnetar through our Careers Page, any follow up communication will come from “@magnetar.com”. Any emails from accounts that do not end in “@magnetar.com” are fraudulent. Suspicious messages can be reported to Magnetar at [e-mail] .