Business Development Associate

About Magnetar

Magnetar is a leading, global alternative asset manager with over $13.1B AUM as of Quarter 1 2024. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York, London and Houston.

Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.

We are purposeful about investing in our employee’s health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.

Position Overview

Our goal is to recruit a Business Development Associate based in our Evanston office. This role will cover both broader work for the Firm’s Business Development team, coupled with specific work alongside the team’s senior Business Development professionals.

Responsibilities

As an integral member of the Business Development team at Magnetar, the Associate will be responsible for the following:

• Helping to create and update marketing materials, including presentations, tear sheets, and DDQs
• Creating presentations for investor meetings, diligence and reporting purposes
• Supporting marketing roadshows and discrete fundraising campaigns, including coordination of meetings and providing requested materials
• Coordinating and overseeing investor Operational Due Diligence meetings
• Completing follow-up items from both investor and internal meetings, including any investor questionnaires and portfolio data requests
• Servicing existing investors and developing relationships with key junior members of investor’s staff
• Gathering and summarizing market intelligence
• Monitoring and delivering on relevant investor side letter and reporting obligations

Qualifications

• Undergraduate degree in Finance or Economics (or a closely related business degree) with strong academic performance record
• 2-3 years of total work experience in the financial services industry with a preference for experience in an Investment Banking seat or Investor Relations role with an asset manager, preferably in alternatives (such as a hedge fund, fund of fund or private equity firm)
• Experience interfacing with and working closely with institutional clients and investors
• Excellent communication skills (written and verbal)
• Strong analytical ability
• Highly proficient in Microsoft Office (Word, PowerPoint and Excel)
• Positive attitude with willingness to contribute however and wherever possible
• Exceptional interpersonal skills, maturity and self-confidence to represent Magnetar both internally and externally
• The ability to work in a fast-paced environment and take a proactive approach
• A strong sense of ownership, obligation, and personal accountability.  He/She must have unimpeachable integrity and an uncompromised reputation.

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.