Fund Accounting - Manager (PE)

Petrafundsgroup; Los Angeles (CA); Hybrid; USD 102,000 - 153,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

HSAs contributions

401(k) match

Flexible PTO

Generous holidays

Hybrid work model

Job summary

Petra Funds Group is seeking a Fund Accounting Manager to lead delivery of fund accounting and client service for private equity fund clients. You will oversee capital activity, allocations, fee calculations, cash management, financial statements, and audits while coaching the team and partnering with directors on complex matters.

The role requires deep PE fund accounting expertise, strong judgment, and a client-first mindset aligned with Petra’s culture.

Qualifications

• Seven years of progressive accounting or audit experience; private equity or fund administration preferred.
• Ability to work in a dynamic, fast-paced environment.
• Detail-oriented with timely task completion.
• Advanced Microsoft Excel skills.
• Knowledge of Investran Live.
• CPA preferred but not required.

Responsibilities

• Quarterly and year-end close for assigned Funds including statements and reconciliations.
• Read and interpret LPAs and operating agreements for Funds.
• Knowledge of fund structures, waterfalls, and capital transactions.
• Knowledge of fund performance metrics (IRR, TVPI, DPI, RVPI, MOIC).
• Prepare capital calls and distributions with investor notices.
• Prepare management fee calculations and close calculations for funds not yet closed.
• Provide auditors with supporting documentation for year-end audits.
• Provide tax teams with documentation for returns and K-1s.
• Handle ad hoc reporting requests from multiple sources.
• Address investor questions as they arise.
• Other duties as assigned.

Skills

Analytical thinking

Detail-oriented

Multitasking

People management

Client service mindset

Education

Undergraduate degree

MBA

Tools

Microsoft Excel

Investran Live

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's 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 at Petra is responsible for leading the delivery of fund accounting and client service for private equity fund service clients. This role owns client relationships at the engagement level, overseeing all aspects of fund accounting and reporting, including capital activity, allocations, fee calculations, cash management, financial statements, and audits. The Manager leads and develops team members through coaching, review, and workflow management, while partnering with Directors and clients on complex accounting matters, process improvements, and special projects. Success in this role requires deep private equity fund accounting expertise, strong judgment, and the ability to balance technical leadership, people management, and a client-first mindset consistent with Petra’s culture.

What You Will Do

• Quarterly and year-end close activities for assigned Funds. Includes work paper preparation, including financial statements, capital account statements, and account reconciliations


• Ability to read, understand, and interpret Limited Partnership Agreements, Operating Agreements, and other related legal documents associated with Funds


• Knowledge of partnerships, fund structures, waterfalls, preferred return/carried interest, and capital transactions


• Knowledge of 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 in connection with the year-end audit


• Provide tax teams with necessary supporting documentation for tax returns, K-1s, and other related tax documents for assigned Funds


• Ability to address ad hoc reporting requests from multiple sources


• Address investor questions as they arise


• Other reasonably related duties as assigned

What You’ll Need:

• At least seven years of progressive work experience in accounting or audit, with a preference for private equity, 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.


• Knowledge of Investran Live.


• Excellent analytical, planning and organizational skills.


• Strong interpersonal, communication and organizational skills with a team approach.


• Unquestionable integrity and ethics.


• Team player that is enthusiastic about joining a growing team.


• 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 $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

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.