Credit - Controller (DCS)

Socket.dev; New York (NY); Hybrid; USD 122,000 - 183,000; Full time

Benefits offered by this job

Health insurance 90% premiums covered

HSA employer contributions

401(k) employer match 100%

Flexible paid time off

Generous holiday calendar

Hybrid work environment

Job summary

Petra Funds Group in the United States is seeking a Controller to oversee accounting, financial reporting, and operations for private credit funds and investment vehicles.

You will review NAVs, capital activity, statements, and investor reporting, while ensuring GAAP compliance and strong internal controls in a fast-paced environment.

The role requires 7-10 years of experience, undergraduate degree, CPA preferred, and a collaborative, client-focused approach.

Qualifications

• 7-10 years of progressive work experience in accounting or audit.
• Experience with private credit, fund administration, or public accounting is preferred.
• Ability to work in a dynamic, fast-paced environment.
• Experience with MS Excel and advanced spreadsheets.

Responsibilities

• Oversee day-to-day accounting for private credit funds and alternative investment funds.
• Review NAV calculations, capital allocations, and investor reporting.
• Manage fund-level accounting activities incl. investments, interest income, fees and accruals.
• Review capital calls, distributions, management fees, carried interest, and waterfalls.
• Prepare and review financial statements in accordance with US GAAP.
• Coordinate with auditors, tax advisors, custodians, and other service providers.
• Mentor Senior Fund Accountants and Fund Accountants.

Skills

Excel

Attention to detail

Communication

Teamwork

Financial analysis

Education

Undergraduate degree

MBA a plus

CPA preferred

Tools

GAAP knowledge

Job description

Petra Funds Group

Petra Funds Group is a single source provider for the fund administration and fund infrastructure needs of 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 have spent years working inside of asset managers is what truly 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.

What You Will Do

The Controller is responsible for overseeing the accounting, financial reporting, and operational support of a portfolio of private credit clients and alternative investment funds. The ideal candidate will review fund NAVs, capital activity, financial statements, and investor reporting while overseeing complex fund transactions across the investment lifecycle. This individual provides technical accounting expertise, drives process improvements, and helps ensure strong internal controls and operational excellence. The ideal candidate has deep experience with private credit fund structures, strong knowledge of partnership accounting and GAAP, and a collaborative, client-focused approach. Success in this role requires the ability to manage multiple funds and competing priorities while maintaining exceptional attention to detail in a fast-paced environment.

Responsibilities

• Oversee the day-to-day accounting and administration for a portfolio of private credit and alternative investment funds.
• Review and approve monthly, quarterly, and annual NAV calculations, partner capital allocations, and investor reporting deliverables.
• Manage fund-level accounting activities, including investment transactions, interest income, fee calculations, expense allocations, and accruals.
• Review capital calls, distributions, management fee calculations, carried interest allocations, and waterfall calculations, as applicable.
• Oversee the preparation and review of quarterly and annual financial statements in accordance with U.S. GAAP and applicable reporting standards.
• Serve as the primary accounting contact for assigned clients, providing technical guidance and ensuring a high level of client service.
• Coordinate with external auditors, tax advisors, custodians, and other third-party service providers during audit, tax, and reporting cycles.
• Review portfolio valuations and work closely with investment teams and valuation specialists to ensure accurate financial reporting.
• Monitor fund cash activity, reconciliations, and balance sheet accounts, ensuring timely resolution of discrepancies.
• Review complex journal entries, account reconciliations, and supporting schedules to maintain the integrity of fund financial records.
• Ensure compliance with fund governing documents, investor agreements, accounting policies, and internal controls.
• Identify opportunities to improve operational processes, enhance reporting, and implement best practices across fund accounting workflows.
• Support the onboarding of new funds, investment structures, and strategic client initiatives.
• Mentor and develop Senior Fund Accountants and Fund Accountants by providing technical guidance, reviewing work product, and supporting professional development.
• Partner cross-functionally with investor services, treasury, compliance, operations, and technology teams to ensure seamless execution of fund administration activities.
• Assist with special projects, regulatory reporting, system implementations, and process automation initiatives as the business evolves.

Qualifications

• 7-10 years of progressive work experience in accounting or audit, with a preference for private credit, 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.
• Excellent analytical, planning, and organizational skills.
• Strong interpersonal, communication and organizational skills with a team approach.
• Unquestionable integrity and ethics.
• Undergraduate degree required, MBA a plus.
• CPA preferred but not required.

Salary Range

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $122,000 - $183,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

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.

*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.