Fund Accounting Manager – Private Equity (Hybrid)

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

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.