Fund Accounting - Manager (PE)

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.

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. The Manager leads and develops team members through coaching, review, and workflow management, while partnering with Directors and clients on complex accounting matters, process improvements, and special projects. Success in this role requires deep private equity fund accounting expertise, strong judgment, and the ability to balance technical leadership, people management, and a client-first mindset consistent with Petra’s culture.

• →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
• →Ability to address ad hoc reporting requests from multiple sources
• →Address investor questions as they arise
• →Other reasonably related duties as assigned

• 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.

We’re proud of many milestones, but we’re 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.