Senior Fund Accountant (DCS)

Petra Funds Group; Chicago, New York (IL, NY); Hybrid; USD 82,000 - 123,000; Full time

Benefits offered by this job

Health insurance

HSA contributions by employer

401(k) match

Flexible paid time off

Generous holidays

Hybrid work environment

Job summary

Petra Funds Group, a leading fund administration provider, seeks a Senior Fund Accountant to own the accuracy and timeliness of fund accounting deliverables for co-invest entities and legacy funds. You will independently recompute and sign off on work touching these entities, serving as the first level of review over administrator-prepared outputs.

You will collaborate with the client’s Controller to prepare capital, distributions, and financial statements, while coordinating investor notices

Qualifications

• 3+ years of accounting experience, preferably private equity/alternative assets
• Able to manage multiple projects and meet deadlines in a dynamic environment
• Detail-oriented with prompt task completion
• Willing to take on ad-hoc tasks and projects
• Knowledge of Investran Live and advanced Excel
• Excellent analytical, planning, and communication skills with a team approach
• Unquestionable integrity and ethics
• Undergraduate accounting/finance/business degree; CPA a plus but not required

Responsibilities

• Prepare/review capital contributions and distributions calculations, fee calculations, monthly cash reconciliations, expense and income schedules
• Prepare/review quarterly incentive allocation models per partnership agreements
• Prepare quarterly/annual financial statements and related management reports
• Prepare materials for interim and annual audits and liaise with auditors
• Coordinate investor notices (distributions, capital calls, balances) via investor portal
• Respond to investor inquiries related to partnerships
• Manage timelines to ensure deliverables; participate in weekly external calls
• Gain working knowledge of key systems (Investran Live, CRM)

Skills

Excel proficiency

Investran Live knowledge

Analytical skills

Team collaboration

Integrity

Education

Undergraduate degree in accounting, finance, or business

CPA is a plus but not required

Tools

Investran Live

Microsoft Excel

Job description

Petra Funds Group is a single source provider for the fund administration and fund infrastructure needs of 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 have spent years working inside of asset managers is what truly 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.

This role sits directly with one of Petra’s clients, an established, global multi-strategy private markets investment firm with a decades-long track record. The firm invests across the private markets through primary fund commitments, secondaries, and direct co-investments alongside leading general partners, and it also manages private credit strategies. Its platform spans buyout, growth equity, and venture capital exposure, delivered through commingled funds, credit vehicles, and deal-by-deal co-investment vehicles and SPVs for its investor base.

Day-to-day fund accounting is performed by a third-party administrator, but the firm retains full ownership of review, technical accounting positions, and everything that goes out to investors, auditors, and tax authorities. This hire is one of two being added to build out that internal review function from the ground up, working closely with the client’s Controller and broader team.

The Senior Fund Accountant owns the accuracy and timeliness of all fund accounting deliverables for an assigned group of funds and co-investment vehicles. Initially, this person will focus primarily on the co-invest entities and legacy funds, with the scope expected to grow over time. This is not a pass-through position. The Senior Fund Accountant is expected to independently recompute, challenge, and sign off on everything that touches their entities, serving as the first level of review over administrator-prepared work product.

Responsibilities:

• Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations, expense schedules, and income calculations.
• Prepare and review quarterly incentive allocation models for the partnerships based on the terms outlined within the partnership agreements.
• Prepare the partnerships’ financial statements on a quarterly/annual basis (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash flows). This can also include supplemental management reports, such as performance metrics.
• Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors.
• Coordinate the communication of investor notices, including distributions, capital calls, and capital balances via the clients’ investor portal application.
• Work closely with the client to answer investor inquiries and requests in relation to responsible partnerships.
• Manage timelines established with the client to ensure agreed-upon deliverables are being met. This also includes participating in weekly external calls to stay current with the client's ongoing needs and requests, including capital activity requirements at the fund and portfolio company levels.
• Obtain a working knowledge of all key systems, including Investran Live (accounting system) and CRM platforms

Qualifications:

• At least 3 years' experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets
• Ability to work in a dynamic, fast-paced environment Ability to handle multiple projects 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 and planning skills Strong interpersonal, communication, and organizational skills with a team approach
• Must possess unquestionable integrity and ethics
• Undergraduate degree in accounting, finance, or business CPA is a plus 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 $82,000 - $123,000 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 t hat 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.