Finance Controller (Financial Technology)

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for private equity and debt funds. At Petra, we enable fund managers to focus on the tasks that add the most value to their businesses and leave the rest to us.

Petra is made up of highly experienced professionals across the US and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who've spent years working with asset managers is what differentiates us.

Our foundation is built on trust, experience, and uncompromising accuracy. Our people are experts. We work collaboratively. We are relentless in our process and put attention to detail first.

Petra Funds Group is seeking a Finance Controller to be fully dedicated to one of our clients, a growth equity firm with over $10B in assets under management. This is a unique, embedded role where you will operate as an extension of the Client's internal finance team, supporting fund accounting, reporting, and operational processes across multiple investment vehicles.

In addition to core fund accounting responsibilities, this role offers the opportunity to help modernize finance workflows through the application of AI and automation tools. You will partner closely with the Client's Head of Finance, Petra’s fund administration team, and external service providers to ensure accurate reporting while identifying opportunities to improve efficiency and scalability.

This position is based in New York City and requires regular in-office presence (approximately 90% onsite).

• →Lead quarterly and annual closes for assigned fund entities, including flagship funds, co-investment vehicles, GP entities, and employee investment vehicles.
• →Prepare and review financial statements, journal entries, reconciliations, and supporting schedules.
• →Prepare and review management fee calculations, capital allocations, carried interest, and waterfall calculations.
• →Analyze investor transactions, commitment changes, capital account activity, and complex partnership accounting matters.
• →Research and resolve technical accounting issues and prepare ad hoc analyses for management, legal, tax, treasury, and investor reporting.
• →Ensure accounting complies with US GAAP, partnership agreements, side letters, and internal policies.
• →Manage capital calls, distributions, investment funding, and cash forecasting.
• →Support fund closings, investor onboarding, commitment changes, side letter implementation, and GP activities.
• →Coordinate portfolio company transactions and wire activity.
• →Partner closely with Petra to execute recurring fund operations accurately and on schedule.
• →Proactively identify issues, recommend solutions, and drive execution through completion.
• →Coordinate annual audits and quarterly reviews.
• →Prepare and review audit support schedules and respond to auditor requests.
• →Coordinate partnership tax reporting, Schedule K-1 support, and tax deliverables.
• →Work closely with external auditors, tax advisors, and legal counsel on technical matters.
• →Improve accounting processes, documentation, and internal controls.
• →Participate in finance transformation initiatives and system enhancements.
• →Leverage technology and automation to improve efficiency while maintaining appropriate controls.
• →Support new investments, exits, co-investments, fund launches, restructurings, and other strategic initiatives.
• →Serve as a trusted accounting resource for complex transactions and ad hoc projects.

• 10+ years of accounting experience, preferably within private equity, credit, or financial services
• Strong understanding of:
• Fund accounting and NAV processes
• Capital accounts and investor allocations
• Waterfall calculations and fund structures
• Experience working with or alongside fund administrators
• Demonstrated use of AI or automation tools to improve workflows in a professional setting
• Strong Excel skills and comfort working with large datasets
• Ability to identify inefficiencies and drive process improvements
• Strong organizational skills and ability to manage multiple priorities
• Excellent communication and collaboration skills
• Experience with Investran or similar fund accounting systems
• Familiarity with Sage Intacct or comparable GL platforms
• Background in private equity or growth equity funds
• Big Four (asset management) experience
• CPA or progress toward certification

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.