Fund Accounting - Manager (PE)
About the role
The Fund Accounting Manager at Petra is responsible for leading the delivery of fund accounting and client service for private equity fund service clients. This role owns client relationships at the engagement level, overseeing all aspects of fund accounting and reporting, including capital activity, allocations, fee calculations, cash management, financial statements, and audits.
Responsibilities
- Quarterly and year-end close activities for assigned Funds.
- Includes work paper preparation, including financial statements, capital account statements, and account reconciliations.
- Ability to read, understand, and interpret Limited Partnership Agreements, Operating Agreements, and other related legal documents associated with Funds.
- Knowledge of partnerships, fund structures, waterfalls, preferred return/carried interest, and capital transactions.
- Knowledge of Fund performance metrics such as IRR, TVPI, DPI, RVPI, and MOIC.
- Prepare Fund capital calls and distributions, including investor calculations and notices.
- Prepare Fund management fee calculations and subsequent close calculations for Funds not yet closed.
- Provide auditors with necessary supporting documentation in connection with the year-end audit.
- Provide tax teams with necessary supporting documentation for tax returns, K-1s, and other related tax documents for assigned Funds.
- Able to address ad hoc reporting requests from multiple sources.
- Able to address investor questions as they arise.
- Other reasonably related duties as assigned.
Requirements
- At least seven years of progressive work experience in accounting or audit, with a preference for private equity, fund administration, or public accounting experience.
- Ability to work in a dynamic, fast-paced environment.
- Ability to multi-task and meet deadlines.
- Detail-oriented with the ability to complete tasks promptly.
- Willingness to take on additional ad-hoc tasks and projects.
- Ability to build and maintain advanced spreadsheets using Microsoft Excel.
- Knowledge of Investran Live.
- Excellent analytical, planning and organizational skills.
- Strong interpersonal, communication and organizational skills with a team approach.
- Unquestionable integrity and ethics.
- Team player that is enthusiastic about joining a growing team.
- Undergraduate degree required, MBA a plus.
- CPA preferred but not required.
Qualifications
At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation 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.
Benefits
We are proud of many milestones, but we are especially honored by the recognition we’ve received for our workplace experience: Certified Great Place to Work®, based on direct feedback from our employees about trust and overall culture. Fortune Best Medium Workplaces™ and Best Financial Services & Insurance Workplaces™, highlighting our commitment to building an environment where people thrive.