Strategy Associate

Magnetar • Evanston, IL

9d • $125,000 - $200,000

About The Position

Magnetar is seeking a highly capable, driven Strategy Associate to join the Chief Development Officer’s team, which advances the firm’s new businesses, strategic initiatives, joint ventures, and investment opportunities. The associate will help shape, structure, and execute Magnetar’s growth agenda, from early opportunity assessment through transaction execution and transition into functional and operating teams. The work spans financial modeling, investment analysis, strategic planning, partnership structuring, and cross-functional coordination. This role offers an opportunity to combine analytical and transactional work with strategic judgment and help build new businesses.

Requirements

• 4–5 years of experience in investment banking, corporate development, private equity, or a related transactional role, with a strong foundation in financial modeling, valuation, and transaction execution.
• Exceptional financial modeling skills, including the ability to build and maintain complex, dynamic models from scratch.
• Advanced PowerPoint skills and the ability to produce clear, polished, executive-ready presentations.
• Strong written and verbal communication skills, including the ability to synthesize complex information into concise memos, summaries, and recommendations.
• Ability to read, interpret, and distill JV agreements, term sheets, partnership terms, and fund documents without legal training.
• Strong research and synthesis capabilities, including the ability to quickly develop informed views on unfamiliar industries, markets, and counterparties.
• Proficiency in Excel and financial data platforms.
• Ability to work with ambiguity and shifting priorities, reprioritize while maintaining quality, and operate independently while collaborating across teams.
• Sound judgment and discretion in handling sensitive strategic and commercial matters.
• Ability to work effectively under pressure, find solutions, and resolve problems with others in a timely manner.
• Applicants must be authorized to work in the United States without current or future employer sponsorship.

Nice To Haves

• Experience in M&A, restructuring, capital markets, or financial sponsors coverage.

Responsibilities

• Construct detailed financial models for existing and new strategies, businesses, and investment opportunities, including scenario analysis, sensitivity testing, and valuation frameworks.
• Prepare presentations for senior leadership describing objectives, rationale, and recommendations for contemplated initiatives, partnership structures, and investment opportunities.
• Research and analyze unfamiliar industries, asset classes, counterparties, and opportunity spaces.
• Assist in coordinating and implementing strategic initiatives and new business efforts across firm groups.
• Support the structuring and negotiation of joint ventures, external partnerships, and new business arrangements, including reviewing and distilling legal and structuring documents.
• Prepare materials for firm committee presentations.
• Develop transition documentation and handoff packages as new businesses move from the CDO function into the operating structure.
• Track and communicate workstreams, milestones, and deliverables across active initiatives.
• Engage with teams across the firm to understand operational, regulatory, and structural requirements for new business builds.

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: Mid Level
• Education Level: No Education Listed