Fund Accountant

Socket.dev; Toronto; On-site; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

Hybrid work environment

Wellness & retirement benefits

Professional development opportunities

Great Place to Work recognition

Job summary

Petra’s private equity fund services team seeks an early-career accounting professional to become a subject matter expert in fund structures and portfolio activity. You will prepare capital calls, distributions, financial statements, and performance metrics in a fast-paced environment with direct client, investor, and auditor exposure.

You’ll collaborate with a smart, supportive team that values precision, ownership, and continuous learning, offering clear paths for advancement and a specialized

Qualifications

• Minimum 1–2 years of accounting experience, preferably in private equity or alternative assets.
• Ability to work in a dynamic, fast-paced environment with multiple projects and deadlines.
• Strong analytical, organizational and communication skills with attention to detail.

Responsibilities

• Prepare and review capital contributions and distributions calculations, fees, and monthly cash reconciliations.
• Prepare quarterly incentive allocation models based on partnership agreements.
• Prepare partnerships' financial statements and management reports, including performance metrics.
• Input investment/expense wires and prepare quarterly invoices for portfolio companies.
• Support interim and year-end audits and coordinate with auditors.
• Communicate investor notices and respond to investor inquiries.
• Coordinate timelines with clients to meet deliverables and participate in external calls.
• Acquire working knowledge of Investran, Workday, and CRM platforms.

Skills

Accounting knowledge

Attention to detail

Excel proficiency

Client-facing

Investran

Education

Bachelor's degree in Accounting

Tools

Investran

Workday

Job description

The Role:

This is a hands-on, client-facing role on one of Petra’s private equity fund services teams—ideal for someone early in their accounting career who’s excited to grow quickly in the alternative investment space. You’ll become a subject matter expert in fund structures and portfolio activity as you prepare capital calls, distributions, financial statements, performance metrics, and more. It’s a fast-paced environment with direct exposure to clients, investors, and auditors, plus the opportunity to work with industry tools like Investran and Workday. You’ll collaborate closely with a smart, supportive team that values precision, ownership, and continuous learning. This role offers a clear path for advancement and the chance to build a highly sought-after skill set in private equity fund accounting.

What You’ll Do:

• Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations and supporting schedules.
• 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, Cash flows and Footnotes). This will also include supplemental management reports, such as performance metrics.
• Input investment and expense wires.
• Prepare quarterly invoices for portfolio companies
• Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors.
• Coordinate 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.
• Obtain a working knowledge of all key systems, including Investran (accounting system), Workday and CRM platforms

What You’ll Need:

• At least 1-2 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
• Ability to build and maintain advanced spreadsheets using Microsoft Excel
• Knowledge of Investran is a plus but not required
• Excellent analytical and planning skills
• Strong interpersonal, communication, and organizational skills with a team approach
• Must possess unquestionable integrity and ethics

How We Care

We believe people do their best work when they feel supported — personally and professionally. That’s why we offer a comprehensive benefits package that reflects our commitment to your well-being. Our perks include:

• 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.

*Funded amount is prorated for new hires.

What We’re Proud Of

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.