Fund Accounting - Senior Fund Accountant (PE)

About the role

A Senior Fund Accountant at Petra plays a critical role in delivering high-quality fund accounting and client service to private equity fund service clients. This position is responsible for overseeing core accounting and reporting processes, including capital activity, allocations, fee calculations, cash management, and financial statements, while serving as a trusted day-to-day contact for clients. The role partners closely with junior team members, providing review, guidance, and mentorship, and collaborates with fund leadership on complex accounting matters, audits, and client requests.

Responsibilities

• Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations, expense schedules, and income calculations.
• Prepare and review quarterly incentive allocation models for the partnerships based on the terms outlined within the partnership agreements.
• Prepare the partnerships’ financial statements on a quarterly/annual basis (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash flows).
• This can also include supplemental management reports, such as performance metrics.
• Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors.
• Cook up the communication of investor notices, including distributions, capital calls, and capital balances via the clients’ investor portal application.
• Work closely with the client to answer investor inquiries and requests in relation to responsible partnerships.
• Manage timelines established with the client to ensure agreed-upon deliverables are being met. This also includes participating in weekly external calls to stay current with the client's ongoing needs and requests, including capital activity requirements at the fund and portfolio company levels.

Requirements

• At least 3 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets.
• Ability to work in a dynamic, fast-paced environment.
• Ability to handle multiple projects and meet deadlines.
• Detail-oriented with the ability to complete tasks promptly.
• Willingness to take on additional ad-hoc tasks and projects.
• Knowledge of Investran Live and Excellent analytical and planning skills.
• Strong interpersonal, communication, and organizational skills with a team approach.
• Must possess unquestionable integrity and ethics.
• Undergraduate degree in accounting, finance, or business.
• CPA is a plus but not required.

Qualifications

• Working knowledge of all key systems, including Investran Live and CRM platforms.

Skills

• Microsoft Excel proficiency.

Benefits

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $82,000 - $123,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

What We’re Proud Of

• We are proud of many milestones, but we are especially honored by the recognition we have received for our workplace experience: Certified Great Place to Work®, based on direct feedback from our employees about trust and overall culture.
• We are also proud of our recognition as Fortune Best Medium Workplaces™ and Best Financial Services & Insurance Workplaces™, highlighting our commitment to building an environment where people thrive.