Operations & Accounting Associate

Magnitude Capital, New York, NY

Effective hedge-fund investing requires hands-on hedge-fund experience.

Become Part of the Magnitude Team

Magnitude Capital, a dynamic alternative investment firm, is seeking a resourceful problem-solver to manage day-to-day responsibilities within our operations and accounting team.  You will be working across functions to execute traditional financial operations as well as assist with investor reporting and client service. This is a unique opportunity for you to work closely with the co-head of Operations to span multiple operational specialties, relying on your experience to improve existing processes and team responsibilities.

What you will do:

  • Represent Operations to other groups throughout the firm such as the Investment Committee and Compliance on topics ranging from liquidity to fund formation to regulatory filings
  • Maintain internal books and records for Magnitude’s funds of hedge funds
  • Review the fund administrator’s monthly net asset value calculations by reconciling cash balances, investment positions, payables and receivables, and shareholder activity
  • Work closely with senior investment team members to manage Magnitude’s monthly portfolio actions process
  • Assist with various operations and treasury processes including daily cash management and FX hedging
  • Liaise with third-party providers, including administrators, lenders, vendors, and auditors
  • Prepare various weekly, monthly, and quarterly investor reports
  • Assist with preparing fund audited financial statements
  • Respond to ad hoc investor data requests and day-to-day investor inquiries

What you have:

  • 5-8 years of relevant experience in operations and fund accounting within the financial sector (particularly the buy side)
  • Strong knowledge of financial statistics, ratios, calculations, and performance concepts
  • Strong Excel skills
  • Exceptional attention to detail and high standards
  • Unquestionable work ethic and initiative
  • Ability to communicate clearly, concisely, and confidently in written and verbal communications
  • Commitment to improvement
  • Team player mentality
  • Excellent analytical skills and good judgment
  • Strongly preferred:
    • Experience with investor or management reporting and communications
    • Experience with SQL and developing macros

What we do:

The firm was founded in 2002 by senior hedge fund professionals and has become a top industry performer serving a diverse and growing institutional client base.  We are a team focused on building a world-class investment company through discipline, analytical rigor and a results oriented mindset.

What we offer:

  • Competitive compensation
  • Benefits package – fully covered health insurance, generous 401K match, tuition reimbursement program, parental leave, and more
  • Work that matters – work with a small team and have a big impact
  • Flexible work attire - no formal dress code
  • Quality food - catered meals from some of the best restaurants in NYC and fully stocked kitchen
  • Great teammates – people with discipline, creativity, intellectual curiosity, and a sense of humor
  • Exciting culture – analytical, open, collaborative, and collegial


Magnitude Capital, LLC is an equal opportunity employer.

About Magnitude Capital

History For over fourteen years, Magnitude Capital has built and managed global, multi-strategy hedge-fund portfolios and related vehicles. Our intent has always been to deliver attractive risk-adjusted returns that don’t depend on passive risk exposures. Our Investment Committee and other senior personnel share extensive prior experience inside hedge-fund organizations. We believe this hands-on training improves our understanding of markets, managers, strategies, and their interactions over time.

Magnitude Capital

Want to learn more about Magnitude Capital? Visit Magnitude Capital's website.