Fund Accounting Manager | DCS (Software Investments)

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

Benefits offered by this job

Health premiums 90% covered

HSA employer contributions

401(k) with 100% match up to 5%

Flexible PTO

Generous holiday calendar

Hybrid work environment

Prorated funding for new hires

Job summary

Petra Funds Group is seeking a Fund Accounting Manager to oversee the full lifecycle of fund accounting for open- and closed-end private equity vehicles.

You will manage capital activity, maintain NAVs, and lead quarterly and annual financial reporting while collaborating with investment and investor relations teams in a fast-paced environment.

Qualifications

• Minimum of 5 years of hands-on fund accounting/reporting experience.
• Bachelor’s degree in Accounting or Finance required.
• CPA preferred.
• Excellent communication, collaboration and presentation skills.
• Self-starter able to work in a mostly remote team setting.
• Strong analytical skills and detail orientation, with expert modeling and spreadsheet capabilities.

Responsibilities

• Review capital calls and distributions prepared by fund administrator and set up client check workpapers.
• Quarterly review of closing workpapers, financial statements, capital accounts and ILPA templates.
• Annual review of audited financial statements and footnotes.
• Review management fee and waterfall calculations prepared by fund administrator.
• Assist Investor Servicing Team with inquiries from Limited Partners.
• Coordinate draws and repayment of fund-level credit facilities with Fund Operations.
• Review expenses charged to Funds and allocate costs per policy.
• Review regulatory filings and due diligence materials.

Skills

Fund accounting

Financial reporting

Communication

Analytical skills

Self-motivation

Spreadsheet modeling

Education

Bachelor’s degree in Accounting or Finance

CPA preferred

Tools

Excel

Job description

About Us

Petra Funds Group is a single-source provider for fund administration and 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've spent years working with asset managers is what 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.

The Fund Accounting Manager will support our client's Growth strategies, responsible for overseeing the full lifecycle of fund accounting across both open- and closed-end private equity vehicles. This individual will manage capital activity, maintain accurate NAVs, and lead quarterly and annual financial reporting while partnering closely with investment and investor relations teams. The role requires a strong understanding of varying fund structures, including the nuances between open- and closed-end vehicles, as well as experience with complex equity structures, valuation concepts, and waterfall mechanics.

The ideal candidate brings several years of private markets fund accounting experience, ideally within growth equity or similar strategies, and has operated within a fund administrator, asset manager, or Big Four environment. They are detail-oriented, proactive, and comfortable in a fast-paced setting, with the ability to manage multiple priorities and communicate effectively across cross-functional teams.

What You Will Do

• Review of capital calls and distributions prepared by fund administrator, including set-up of our clients check workpapers
• Quarterly review of closing workpapers, financial statements, capital account statements, ILPA fee templates (as applicable) and ILPA subscription line usage templates (as applicable) prepared by fund administrator, including set-up of our clients check workpapers
• Annual review of audited financial statements, footnotes, including disclosure workings
• Detailed review of management fee and waterfall calculations prepared by fund administrator, including set-up of our clients check workpapers
• Assist Investor Servicing Team in responding to information requests and inquiries from Limited Partners
• Work with the Fund Operations Team to coordinate draws and repayment of fund-level credit facilities
• Review expenses charged to Funds and perform allocations in accordance with the Firm's expense allocation policy
• Review materials prepared by Investor Relations and Compliance departments related to due diligence requests and regulatory filings
• Reviews working papers supporting regulatory compliance filings and draft filings prior to submission, including AIFMD, FAR, Form ADV, Form PF, and other regulatory filings.
• Monitor cash activities on a real time basis when there are capital calls and distributions
• Assist in the execution of cash movements (wires, transfers, ACH, etc.), including coordination with Treasury team, as applicable
• Monthly review of bank and custody reconciliations
• Assisting in posting and releasing deliverables on the investor portal (financial statements, capital accounts, capital calls / distributions, etc.)
• Ad Hoc projects
• Support the creation of new documentation and best practices

Qualifications

• Minimum of 5 years of hands-on fund accounting/reporting experience required
• A./B.S. in Accounting or Finance
• CPA preferred
• Excellent communication, collaboration and presentation skills
• Self-starter that is able to self-motivate to work in a mostly remote team setting
• Strong analytical skills, great attention to detail, expert modeling and spreadsheet capabilities

Salary Range

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $102,000 - $153,000 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

• Certified Great Place to Work
• Fortune Best Medium Workplaces and Best Financial Services & Insurance Workplaces, highlighting our commitment to building an environment where people thrive.