Fund Accounting - Director

Petra Funds Group; National (MD); Hybrid; USD 146,000 - 219,000; Full time

Benefits offered by this job

90% covered medical, dental, andvision

Fully funded Health Savings Account (H

401(k) employer match up to 5%

Flexible paid time off

Generous holiday calendar

Hybrid work environment

Job summary

Petra Funds Group is a leading fund administration and infrastructure provider for private equity and debt funds. As a Fund Accounting Director you will lead a fund accounting team, ensuring accurate, timely reports and acting as a trusted adviser to clients.

You will mentor the team, drive process improvements, partner with senior leadership, oversee monthly, quarterly, and annual closings, and uphold GAAP standards in a fast-paced environment, with a hybrid US-based work arrangement.

Qualifications

• Bachelor’s degree in Accounting or related field; CPA or equivalent preferred.
• 15+ years of fund accounting experience.
• Demonstrated leadership with the ability to mentor and develop a team.
• Deep knowledge of GAAP, financial statement prep, and fund administration processes.
• Strong client management skills and ability to build relationships with key stakeholders.

Responsibilities

• Lead the fund accounting team in preparation and review of financial statements and capital activity, ensuring GAAP compliance.
• Serve as primary point of contact for key clients and manage expectations.
• Oversee monthly, quarterly, and annual closings with accuracy and timeliness.
• Drive process improvements and best practices within the function.
• Mentor and develop the fund accounting team and contribute to strategic planning.

Skills

Leadership

GAAP knowledge

Fund accounting

Client management

Communication

Attention to detail

Team mentoring

Cross-functional collaboration

Education

Bachelor’s degree in Accounting

CPA or equivalent designation preferred

Job description

Petra Funds Group is a single-source provider for fund administration and fund 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 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:

As a Fund Accounting Director, you will lead and oversee a fund accounting team, ensuring the delivery of accurate and timely financial reports to our clients. You will be a technical expert in fund accounting while also acting as a trusted advisor to our clients, offering insights and solutions that enhance their operations. In this leadership role, you will drive process improvements, mentor and develop your team, and maintain the highest standards of service and accuracy. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Petra Funds Group.

Key Responsibilities:

• Lead the fund accounting team in the preparation and review of financial statements and capital activity, ensuring compliance with GAAP and other relevant accounting standards.
• Serve as the primary point of contact for key clients, addressing their needs and ensuring that their expectations are consistently met or exceeded.
• Oversee the monthly, quarterly, and annual closing processes, ensuring accuracy and timeliness in all deliverables.
• Drive process improvements and implement best practices to enhance the efficiency and effectiveness of the fund accounting function.
• Mentor, coach, and develop the fund accounting team, fostering a culture of continuous learning and professional growth.
• Contribute to strategic planning and decision-making at the senior leadership level, providing insights and recommendations based on your expertise in fund accounting.

What You’ll Need:

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent designation is preferred.
• 15+ years of experience in fund accounting, with a strong understanding of Fund Accounting.
• Demonstrated leadership experience, with the ability to manage, mentor, and develop a team.
• Deep knowledge of GAAP, financial statement preparation, and fund administration processes.
• Strong client management skills, with the ability to build and maintain relationships with key stakeholders.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate across departments and with clients.
• Proactive, organized, and solution-oriented, with a relentless focus on accuracy and attention to detail.
• Ability to thrive in a fast-paced environment, managing multiple priorities, requests and deadlines.

Salary Range

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $146,000- $219,000 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.