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Petra Funds Group · 3 hours ago

Fund Accounting - Senior Manager

National - US

Full-time

Hybrid

Mid, Senior Level

$102K/yr - $153K/yr

7+ years exp

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for private equity and debt funds. The Senior Manager in Fund Accounting will act as the lead contact for client relationships, ensure proper staffing and training, and oversee the review and implementation of financial procedures and reporting for various clients.

FinanceFinancial ServicesFunding Platform

Responsibilities

Act as lead contact for client relationships from proposal to engagement implementation and ongoing administration

Ensure proper staffing and training needs are met on engagements

Develop and maintain procedures required to meet internal and external deliverables and client satisfaction

Review and implement partnership allocation models based on partnership agreements for various clients

Become knowledgeable of all key systems, primarily Investran Live (accounting system), Salesforce CRM, and Intralinks, through training with the accounting group

Coordinate and review investor communication, including capital call and distribution notices and capital balance statements for various clients

Review investment transactions via the Investran Live general ledger system

Review management fee calculations, invoices, and journal entries

Review daily and monthly cash reconciliations for various partnerships and related portfolio companies

Review the fund financial statements (Statements of: Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash Flow) and other management reporting (IRR performance summaries, investment transaction reports, etc.)

Work alongside the Director to provide direction on various projects and inquiries, including reviewing material prepared by staff. These tasks include reviewing general ledger entries, quarterly work papers, audit confirms, LP requests, and other ad hoc material

Review and/or calculate private equity benchmark returns, including gross/net MOI and IRR, TVPI, RVPI, and DPI

Review materials for the interim and annual audit of the fund partnerships for various clients and establish a working relationship with auditors

Qualification

Investran LiveFund administrationPrivate equity experienceMicrosoft ExcelCPAAnalytical skillsInterpersonal skillsOrganizational skillsDetail-orientedTeam player

Required

7-10 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

Preferred

MBA

CPA preferred but not required

Benefits

90% covered medical, dental, and vision insurance premiums to help you stay healthy without financial strain.

Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum — available to employees enrolled in our high-deductible health plan.

401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting, so you start building long-term savings right away.

Flexible paid time off to recharge, travel, or take care of what matters most.

Generous holiday calendar to ensure you have time to rest, reflect, and celebrate throughout the year.

Hybrid work environment that offers flexibility and supports work-life balance.

Certified Great Place to Work®, based on direct employee feedback about our culture, trust, and workplace experience.