What are the responsibilities and job description for the Financial Planning & Analysis Manager position at Magnetar?
About Magnetar
Magnetar is a leading global alternative asset manager with $22B AUM as of May 31, 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
We are seeking a dynamic and experienced Financial Planning & Analysis professional to join our Corporate Finance team. This position will report to the Director of Financial Planning & Analysis and will join a team responsible for monthly and quarterly financial reporting, annual budgeting, portfolio analytics and market research. This role will be a key participant in the development, preparation, and presentation of both short- and long-term financial deliverables in support of overall management objectives at the firm.
Responsibilities
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.
Magnetar is a leading global alternative asset manager with $22B AUM as of May 31, 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
We are seeking a dynamic and experienced Financial Planning & Analysis professional to join our Corporate Finance team. This position will report to the Director of Financial Planning & Analysis and will join a team responsible for monthly and quarterly financial reporting, annual budgeting, portfolio analytics and market research. This role will be a key participant in the development, preparation, and presentation of both short- and long-term financial deliverables in support of overall management objectives at the firm.
Responsibilities
- Develop, prepare and present key financial analyses including forecasts, budgets, strategic plans, and balance sheet/cash flow projections that help drive real-time business decisions
- Lead the annual budgeting and quarterly outlook processes
- Assist in preparation of presentation materials for the executive team, internal stakeholders and investors
- Maintain and manage corporate financial data provided from multiple departments and software applications
- Proactively develop ad hoc financial analyses to improve reporting and understanding of underlying trends and performance
- No employees will directly report to this position at this time
- Bachelor’s degree in accounting, finance or economics preferred from an accredited college
- 5-8 years of relevant work experience. Experience in financial services or public accounting a plus
- CFA or CPA designation strongly preferred
- Experience in financial modeling, proficiency in extracting and maintaining large amounts of data
- Motivated self-starter, highly organized and committed to accuracy and quality of work product
- A strong work ethic, the ability to thrive in a dynamic and challenging environment, and an aptitude for managing multiple workstreams simultaneously
- A talent for solving problems, intellectual curiosity, strong quantitative skills and a willingness to immerse oneself in financial and market data
- Excellent written and verbal communication skills
- Advanced knowledge and experience in Excel and PowerPoint required, knowledge of additional data analysis or FP&A systems a plus
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.
Salary : $130,000 - $230,000
