Fund Accounting - Manager (PE)

Petra Funds Group; United States; On-site; USD 102,000 - 153,000; Full time

Benefits offered by this job

90% coverage of medical, dental, and vision insurance premiums

401(k) with employer match up to 5%

Flexible paid time off

Job summary

A financial services firm in the United States seeks a Fund Accounting Manager. This role involves overseeing fund closes, preparing management fees, and working with auditors. Candidates should have a minimum of 7 years of related experience, strong Excel skills, and the ability to work in a dynamic environment. The position offers a competitive salary of $102,000 - $153,000 and a comprehensive benefits package, including a hybrid work model.

Qualifications

• At least seven years of progressive work experience in accounting or audit.
• Ability to multitask and meet deadlines in a fast-paced environment.
• Detail-oriented with prompt completion of tasks.
• Strong communication and teamwork capabilities.

Responsibilities

• Quarterly and year-end close activities for assigned Funds.
• Interpret Limited Partnership Agreements and related documents.
• Prepare Fund management fee calculations and supporting documentation.

Skills

Fund administration experience

Advanced Microsoft Excel skills

Analytical skills

Organizational skills

Interpersonal skills

Education

Undergraduate degree

MBA (preferred)

CPA (preferable)

Tools

Investran Live

Job description

Overview

Join to apply for the Fund Accounting - Manager role at Petra Funds Group.

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for private equity and debt funds. We enable fund managers to focus on the tasks that add the most value to their businesses and leave the rest to us. Our team is made up of experienced professionals across the US and Europe, with a focus on accuracy, timeliness, trust, and collaboration.

What You’ll Do

• Quarterly and year-end close activities for assigned Funds, including work paper preparation, financial statements, capital account statements, and account reconciliations.
• Read, understand, and interpret Limited Partnership Agreements, Operating Agreements, and other related legal documents for Funds.
• Knowledges of partnerships, fund structures, waterfalls, preferred return/carried interest, and capital transactions.
• Understand Fund performance metrics such as IRR, TVPI, DPI, RVPI, and MOIC.
• Prepare Fund capital calls and distributions, including investor calculations and notices.
• Prepare Fund management fee calculations and subsequent close calculations for Funds not yet closed.
• Provide auditors with necessary supporting documentation for year-end audits.
• Provide tax teams with necessary supporting documentation for tax returns, K-1s, and related tax documents for assigned Funds.
• Address ad hoc reporting requests from multiple sources and respond to investor questions as they arise.
• Perform other reasonably related duties as assigned.

Qualifications

• At least seven years of progressive work experience in accounting or audit, with a preference for private equity, fund administration, or public accounting.
• Ability to work in a dynamic, fast-paced environment and multi-task to meet deadlines.
• Detail-oriented with the ability to complete tasks promptly.
• Willingness to take on additional ad-hoc tasks and projects.
• Advanced Microsoft Excel skills and knowledge of Investran Live.
• Excellent analytical, planning, and organizational skills; strong interpersonal and communication skills; team-oriented.
• Unquestionable integrity and ethics; a team player enthusiastic about joining a growing team.
• Undergraduate degree required; MBA a plus; CPA preferred but not required.

Salary and Benefits

Salary range information is provided by Petra Funds Group. The compensation range for this position is $102,000 - $153,000 per year. This range represents base salary only. Actual pay will depend on qualifications, experience, and skills.

How We Care

We offer a comprehensive benefits package to support your well-being, including:

• 90% coverage of medical, dental, and vision insurance premiums.
• Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum.
• 401(k) with employer match up to 5% and immediate vesting.
• Flexible paid time off and a generous holiday calendar.
• Hybrid work environment and a culture recognized as a Great Place to Work.

What We’re Proud Of

We’re proud of our workplace culture and recognition, including:

• Certified Great Place to Work based on employee feedback.
• Fortune Best Medium Workplaces and Best Financial Services & Insurance Workplaces.

Petra Funds Group is an equal opportunity employer. Referrals increase your chances of interviewing. Get notified about new Fund Accounting Manager jobs in the United States.