Magnitude Capital

Operations Associate

Become Part of the Magnitude Team

Magnitude Capital is a dynamic multi-billion dollar alternative investment firm in midtown Manhattan.  We are seeking a resourceful problem-solver to manage day-to-day responsibilities and drive strategic projects forward within our operations and accounting team.  You will be in a unique seat, working across functions to execute financial operations and oversee initiatives to improve and build future accounting and operations processes.

What you will do:

  • Maintain internal books and records for Magnitude’s funds of hedge funds and managed account platform
  • Review the fund administrator’s monthly net asset value calculations by reconciling cash balances, investment positions, payables and receivables, and capital activity
  • Monitor daily trading and margin reporting provided by the fund administrator, prime brokers, and trading counterparties
  • Assist with various operations and treasury processes, including daily cash management and FX hedging
  • Serve as a business analyst to identify and implement software system improvements and manage various automation projects to accommodate growing business complexities
  • Prepare various weekly, monthly, and quarterly investor reports
  • Respond to ad hoc investor data requests and day-to-day investor inquiries
  • Assist with preparing fund audited financial statements and annual tax filings
  • Represent Operations to other groups throughout the firm, such as the Investment Committee and Technology, on topics ranging from liquidity to fund formation to NAV review automation
  • Liaise with third-party providers, including administrators, lenders, vendors, and auditors

What you have:

  • 2-4 years of relevant experience in operations and fund accounting within the financial sector
  • Undergraduate degree in Finance, Accounting, Information Systems, or related field of study
  • 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
  • Preferred Experience:
    • Accounting system software implementation, maintenance, enhancements, etc.
    • Knowledge of SQL and developing macros
    • Production of investor or management reporting and communications
    • Relevant product knowledge and sufficient understanding of fund and trade operations

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. We are committed to fair hiring and promotion practices, and employee diversity will only benefit our team-based approach. We welcome exceptional candidates from all backgrounds to apply to Magnitude’s open positions.

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