Fund Accounting - Manager (FoF)
Petra Funds Group · United States · 2 wk ago
RemoteRemoteAccounting$102k–$153k/yrFull-time
Responsibilities
- Manage the day-to-day accounting operations for multiple Fund of Funds clients.
- Review monthly, quarterly, and annual NAV packages and financial statements.
- Oversee capital activity including capital calls, distributions, equalizations, and investor allocations.
- Review investment activity including purchases, sales, income, expenses, and fair value reporting.
- Cook accounting for underlying investments in private equity, venture capital, private credit, real estate, and hedge funds.
- Review partner capital allocations and waterfall calculations where applicable.
- Accurately maintain the general ledger and supporting schedules.
- Manage quarter-end and year-end close processes.
- Coordinate annual audits and serve as the primary contact for external auditors.
- Review and approve investor reporting packages and capital account statements.
- Maintain strong client relationships through proactive communication and issue resolution.
- Supervise, mentor, and develop Fund Accounting Associates and Senior Fund Accountants.
- Review work products to ensure accuracy, completeness, and compliance with internal quality standards.
- Identify process improvement opportunities and support automation initiatives.
- Stay current on industry accounting guidance and best practices.
Qualifications
- Bachelor's degree in Accounting or Finance.
- 6+ years of alternative investment fund accounting experience.
- Experience with Fund of Funds accounting.
- Strong understanding of: Capital calls, Distributions, Investor allocations, Partnership accounting, NAV calculations, Financial statement preparation.
- Experience working with private equity, venture capital, private credit, or other alternative investment funds.
- Advanced knowledge of US GAAP.
- Excellent organizational and client communication skills.
- Experience at a fund administrator or alternative asset manager.
- Experience with Investran, Allvue, Geneva, or similar fund accounting systems.
- Experience reviewing audited financial statements.
- Knowledge of ASC 820 fair value principles.
- Experience with multi-currency and complex partnership structures.
Pay
The salary range for this position is $102,000 - $153,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.