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.
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DisclaimerThe 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.
AI DisclaimerMagnetar uses AI tools such as Claude, an AI assistant developed by Anthropic, to support certain recruiting and talent acquisition activities, such as tracking candidates' status in the recruiting process, interviewer preparation, and interviewer feedback consolidation.These tools may facilitate recruiting and hiring-related processes. Information processed may include application materials, resumes, interview notes, interviewer feedback, candidate status information, and related communications. Magnetar uses an enterprise version of Claude that operates in a closed-loop environment and does not permit information processed by the system to be publicly available.
The AI tool currently used for these purposes is Claude, an AI assistant developed by Anthropic. Magnetar uses AI for the following types of positions: exempt positions.
Hiring decisions are made by authorized Magnetar personnel. No AI tool makes or determines any employment decision. AI-generated output is used only as a support tool and is subject to human review. Magnetar does not rely solely on AI-generated output, including any score, tag, classification, ranking, recommendation, or similar output, with no other factors considered. Magnetar also does not use any such output as one of a set of criteria where the AI-generated output is weighted more than any other criterion, or to overrule conclusions derived from other factors, including human decision-making.
Magnetar will not use artificial intelligence with respect to recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment in a manner that has the effect of subjecting employees or applicants to discrimination on the basis of protected classes under the Illinois Human Rights Act or any other appliable law, or use zip codes as a proxy for protected characteristics.
