Asset Diligence & Portfolio Oversight Associate

Asset Diligence & Portfolio Oversight Associate

Evanston, IL

Magnetar is a leading global alternative asset manager with ~$18B AUM as of January 1, 2026. We are based in Evanston, ILjust 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

The Asset Diligence & Portfolio Oversight Associate will be responsible for participating in pre-close and ongoing asset diligence sessions, building out portfolio oversight processes and procedures, and assisting the Finance team in the transaction close process and valuation process.

Responsibilities

Asset Diligence

• Support financial and operational due diligence on potential investments, including industry research, operational assessment, and risk analysis.
• Assist in pre- and post-investment evaluations, ensuring that underwriting assumptions align with actual company performance.
• Collaborate with deal teams to identify key value drivers, operational risks, and post-close initiatives for portfolio companies.
• Work closely with finance, legal, tax, and compliance teams to review transaction structures and investment documentation.
• Maintain ongoing monitoring tools to identify and communicate portfolio company news and alerts.

Investment Oversight & Performance Monitoring

• Develop and maintain key performance indicators (KPIs) to track financial, operational, and strategic progress across portfolio companies.
• Collect, store and analyze portfolio company performance against underwriting assumptions and business plans.
• Review portfolio company financial statements and board reports for key findings and insights.
• Partner with internal and external stakeholders to communicate performance reports and key risks.

Asset Enhancement

• Work with deal teams to review portfolio company operational procedures, systems, and finance personnel are best practice.
• Leverage industry trends and benchmarking data to identify opportunities for operational enhancements.

Valuation & Transaction Support

• Assist in the quarterly and annual valuation process for the firm's portfolio investments in accordance with fair value accounting standards (ASC 820, IFRS 13).
• Coordinate with external valuation firms, auditors, and investment committees to review and validate valuation assumptions.
• Participate in the transaction closing process, including review of transaction docs, documentation of key terms, and proper recording.

Qualifications

• 4-7+ years of experience in portfolio company finance (FP&A, controller, strategy, or operations finance), audit, transaction advisory, consulting, or PE diligence.
• Strong financial analysis and valuation skills, with the ability to interpret financial statements and business drivers.
• Proven track record of identifying and implementing operational or reporting improvements.
• Exposure to investment processes such as due diligence, transaction closings, or valuations.
• Experience developing and tracking KPIs, board reporting and management dashboards.
• Deep understanding of operational and financial performance drivers within a portfolio company context.
• Ability to work cross-functionally with deal teams, management teams, back-office functions and external advisors.
• Excellent communication, problem-solving, and presentation skills.

The annual base salary range for this position is $90,000 to $150,000 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.