Jobs · Accounting

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.

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