Fund Accounting - Senior Manager (PE)

Petra Funds Group; National (MD); Hybrid; USD 102,000 - 153,000; Full time

Benefits offered by this job

Health insurance

HSA contributions

401(k) match

Flexible PTO

Holiday calendar

Hybrid work

Job summary

Petra Funds Group, a premier provider of fund administration and infrastructure for private equity and debt funds, seeks a senior accounting professional to lead client relationships from proposal through ongoing administration. You will ensure staffing, training, and timely deliverables while maintaining rigorous accuracy.

You will review complex financials, benchmark returns, and fee calculations using Investran Live, Salesforce, and Intralinks, collaborating with auditors and staff on

Qualifications

• 7-10 years of progressive work experience in accounting, audit or related field.
• Experience with private equity or fund administration is preferred.
• Strong Excel and financial analysis abilities are required.

Responsibilities

• Act as lead contact for client relationships from proposal to engagement implementation and ongoing administration.
• Ensure proper staffing and training on engagements.
• Develop procedures to meet internal and external deliverables and client satisfaction.
• Review partnership allocation models based on partnership agreements for various clients.
• Coordinate and review investor communications including capital calls and distributions.

Skills

Accounting

Financial analysis

Audit

Excel

Client management

Detail-oriented

Communication

Team player

Education

Undergraduate degree

MBA

CPA

Tools

Investran Live

Salesforce CRM

Intralinks

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.

What You Will Do:

• Act as lead contact for client relationships from proposal to engagement implementation and ongoing administration.
• Ensure proper staffing and training needs are met on engagements.
• Develop and maintain procedures required to meet internal and external deliverables and client satisfaction.
• Review and implement partnership allocation models based on partnership agreements for various clients.
• Become knowledgeable of all key systems, primarily Investran Live (accounting system), Salesforce CRM, and Intralinks, through training with the accounting group.
• Coordinate and review investor communication, including capital call and distribution notices and capital balance statements for various clients.
• Review investment transactions via the Investran Live general ledger system.
• Review management fee calculations, invoices, and journal entries.
• Review daily and monthly cash reconciliations for various partnerships and related portfolio companies.
• Review the fund financial statements (Statements of: Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash Flow) and other management reporting (IRR performance summaries, investment transaction reports, etc.).
• Work alongside the Director to provide direction on various projects and inquiries, including reviewing material prepared by staff. These tasks include reviewing general ledger entries, quarterly work papers, audit confirms, LP requests, and other ad hoc material.
• Review and/or calculate private equity benchmark returns, including gross/net MOI and IRR, TVPI, RVPI, and DPI.
• Review materials for the interim and annual audit of the fund partnerships for various clients and establish a working relationship with auditors.

What You’ll Need:

• 7-10 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.