Senior Fund Accountant (FoF)

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.

We are seeking an experienced Senior Fund Accountant to support the accounting and financial reporting for a portfolio of Fund of Funds (FoF) clients. This individual will handle day-to-day fund accounting, contribute to financial reporting deliverables, and act as a technical resource on private markets accounting matters within their portfolio.

The ideal candidate has hands-on experience accounting for private equity, venture capital, private credit, or multi-manager investment structures and is comfortable interfacing with investment managers in a client-facing environment.

• →Perform day-to-day accounting operations for multiple Fund of Funds clients.
• →Prepare monthly, quarterly, and annual NAV packages and financial statements.
• →Process capital activity including capital calls, distributions, equalizations, and investor allocations.
• →Record and reconcile investment activity including purchases, sales, income, expenses, and fair value reporting.
• →Support accounting for underlying investments in private equity, venture capital, private credit, real estate, and hedge funds.
• →Assist with partner capital allocations and waterfall calculations where applicable.
• →Maintain accurate general ledger entries and supporting schedules.
• →Support quarter-end and year-end close processes.
• →Assist with annual audit requests and respond to auditor inquiries as needed.
• →Prepare investor reporting packages and capital account statements for manager review.
• →Communicate proactively with clients to resolve day-to-day questions and issues.
• →Mentor Fund Accounting Associates on an informal, as-needed basis.
• →Ensure own work products are accurate, complete, and meet internal quality standards.
• →Flag process improvement or automation opportunities to management.
• →Stay current on relevant accounting guidance and industry best practices.

• Bachelor's degree in Accounting or Finance.
• 4+ years of alternative investment fund accounting experience.
• Exposure to Fund of Funds accounting preferred.
• Solid understanding of:
  • Capital calls
  • Distributions
  • Investor allocations
  • Partnership accounting
  • NAV calculations
  • Financial statement preparation
• Experience with private equity, venture capital, private credit, or other alternative investment funds.
• Working knowledge of US GAAP.
• Strong Excel skills.
• Strong organizational and client communication skills.
• Experience at a fund administrator or alternative asset manager preferred.
• Familiarity with Investran, Allvue, Geneva, or similar fund accounting systems a plus.
• Exposure to audited financial statement review a plus.
• Basic familiarity with ASC 820 fair value principles.
• Exposure to multi-currency or complex partnership structures a plus.

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.