About Magnetar
Magnetar is a leading global alternative asset manager with $22B+ AUM as of June 30, 2025. 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
The Investor Operations Analyst position offers a unique opportunity to gain hands-on exposure to how a leading alternative asset manager operates. Reporting to the Company’s Head of Client Services, you’ll play a key role in supporting the full investor lifecycle – from onboarding new investor accounts and managing capital activity flows to fielding ad hoc inquiries from investors and the Company’s external administrator.
This role is ideal for someone eager to build a foundational understanding of hedge fund structures, investor documentation, and fund operations, while learning directly from experienced profressionals across Finance, Legal, Compliance and Investor Relations. You’ll gain a holistic view of how alternative investment funds are managed and what it takes to deliver a high quality client experience in a dynamic, fast-paced environment.
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
- Maintain and reconcile investor data for tracking all pending and final capital activity
- Understand and process investor legal documentation, including but not limited to Subscription, Redemption and Transfer Documents
- Liaise with internal finance and accounting teams to ensure capital activity is properly booked across internal systems
Investor Reporting & Communication
- 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
- Assist with ad hoc investor inquiries
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, BlueSky, 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
Qualifications
- BA/BS with outstanding academic credentials
- 1-3 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 work flow
- 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)
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.
Applicants must be authorized to work in the United States without the need for employer sponsorship now or in the future.
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.
