Accounting Manager, Management Company Finance

Magnetar • Evanston, IL

1d • $125,000 - $175,000

About The Position

Magnetar is seeking an experienced and motivated Accounting Manager to join its Management Company Finance team. The role oversees three accounting professionals and supports the firm's management company accounting, financial reporting, and growing GP investment activities. It combines hands-on accounting work with team leadership and ownership of core accounting functions, process improvements, and controls. The Accounting Manager collaborates with teams across the alternative investment firm.

Requirements

• Bachelor's degree in Accounting or a related field.
• 5–10 years of accounting experience.
• CPA required.
• Strong knowledge of U.S. GAAP, financial reporting, general ledger accounting, and internal controls.
• Experience managing accounting close processes, preparing financial statements, and supporting financial audits.
• Proficiency in Microsoft Excel and experience with NetSuite or a comparable general ledger system.
• Strong analytical, organizational, and problem-solving skills, with exceptional attention to detail.
• Ability to manage competing priorities, exercise sound judgment, and collaborate effectively across teams.
• Proactive, hands-on approach, with the ability to coach others, improve processes, and take ownership of results.
• Must be authorized to work in the United States without employer sponsorship now or in the future.

Nice To Haves

• Public accounting and corporate accounting experience.
• Experience reviewing others’ work or overseeing staff, whether in a formal supervisory role or not.
• Experience in financial services, asset management, or alternative investments.
• Exposure to GP investment accounting, investment partnerships, or investment-related transactions.

Responsibilities

• Manage and develop a team of three accounting professionals, providing oversight, guidance, and support while ensuring accurate, timely deliverables.
• Oversee day-to-day corporate accounting, including general ledger maintenance, journal entries, account reconciliations, and month-end and year-end close processes.
• Manage preparation and review of financial statements, management reporting, and supporting financial analyses.
• Oversee accounting and financial reporting for the firm's GP investments, including capital contributions, distributions, investment activity, and related transactions.
• Identify ways to streamline accounting workflows, strengthen internal controls, and improve the efficiency and accuracy of financial reporting.
• Coordinate with external auditors and support annual financial audits, including preparing schedules and supporting documentation.
• Support regulatory reporting, tax-related reporting, and other compliance requirements.
• Partner with colleagues across Fund Finance, Operations, Tax, Legal, and investment teams to ensure appropriate accounting treatment and reporting of business activities.
• Use NetSuite and other financial systems to improve reporting capabilities and operational efficiency.
• Participate in special projects and initiatives as the firm's business evolves.

Benefits

• Comprehensive health insurance
• Dental insurance
• Vision insurance
• 401(k) match
• Competitive paid time off
• Wellness programs
• Daily lunches
• Professional development through Magnetar University
• The role may be eligible for a discretionary bonus based on firm and individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager