Senior Fund Accountant (DCS) (RE)

Petra Funds Group; Chicago (IL); Hybrid; USD 102,000 - 153,000; Full time

Benefits offered by this job

Premium health insurance (90% premiums

HSA employer contributions

401(k) match

Flexible PTO

Holiday calendar

Hybrid work environment

Job summary

Petra Funds Group is a single source provider for the fund administration and fund infrastructure needs of Private Equity and Debt Funds. Reporting to the Fund CFO, the Senior Fund Accountant will play a key role in developing and executing best-in-class fund accounting processes in a fast-paced, entrepreneurial environment.

This role emphasizes accuracy, process improvement, and collaboration across investment, operations, and tax teams, with responsibilities spanning close, reporting, and

Qualifications

• 3-5 years of experience in public accounting, tax or at an established Fund Administrator servicing private investment funds/alternative asset clients.
• Experience with complex fund structures.
• Advanced analytical reasoning skills.
• Proficiency in Excel and/or familiarity with fund accounting software (Investran, eFront, Allvue, or equivalent).
• Desired experience with Power BI, Power Query, Alteryx.
• Effective communication skills both internally with team members and externally with advisors and investors.
• Demonstrated team player, self-starter, and independent thinker.
• Proven ability to work in a deadline-focused environment with a high level of accuracy.

Responsibilities

• Provide oversight of period financial close (as prepared by our third-party Fund Administrator) of various managed closed end funds pursuing both private equity and debt strategies.
• Support the integration and enhancement of technology tools to drive automation and data quality.
• Collaborate cross-functionally with investment, operations, and compliance teams on process and data initiatives.
• Undertake review of key calculations including management fees and carried interest.
• Work closely with valuation team to ensure accurate recording of all fair value adjustments.
• Review calculation of key fund reporting metrics (ROI and IRR on both a gross and net basis).
• Review calculations related to capital calls, distributions and capital statements for our investors.
• Review ILPA compliant schedules to Fund LPs as necessary.
• Work closely with client's Director of Tax and outsourced tax advisors, including supporting the preparation, execution and processing of K1’s, tax estimates, tax returns, tax distributions and tax notices.
• Assist with investor communication, investor relations requests and due diligence requests.
• Support the cash management function of the firm’s investment funds including banking compliance obligations.
• Produce monthly, quarterly and annual financial statements for various entities and stakeholders.
• Assist with financial planning deliverables including budgeting and forecasting.
• Maintain supporting schedules and workpapers to substantiate certain accounts and transactions.
• Reconcile accounts and record accruals as needed.
• Assist with annual audits

Skills

Excel

Power BI

Power Query

Alteryx

Tools

Investran

eFront

Allvue

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.

Reporting to the Fund CFO, the Senior Fund Accountant will play a key role in supporting our client's growth by developing and executing best-in-class fund accounting processes. As the Finance team implements new systems and workflows, they are seeking someone with a strong eye for process improvement, comfort with technology and consistent attention to detail.

This is an opportunity to work in a fast-paced, entrepreneurial environment where precision, curiosity, organization, and teamwork drive success.

Responsibilities

• Provide oversight of period financial close (as prepared by our third-party Fund Administrator) of various managed closed end funds pursuing both private equity and debt strategies
• Support the integration and enhancement oftechnology tools to drive automation and data quality.
• Collaborate cross-functionally with investment, operations, and compliance teams on process and data initiatives.
• Undertake review of key calculations including management fees and carried interest
• Work closely with valuation team to ensure accurate recording of all fair value adjustments
• Review calculation of key fund reporting metrics (ROI and IRR on both a gross and net basis)
• Review calculations related to capital calls, distributions and capital statements for our investors
• Review ILPA compliant schedules to Fund LPs as necessary
• Work closely with client's Director of Tax and outsourced tax advisors, including supporting the preparation, execution and processing of K1’s, tax estimates, tax returns, tax distributions and tax notices
• Assist with investor communication, investor relations requests and due diligence requests
• Support the cash management function of the firm’s investment funds including banking compliance obligations
• Produce monthly, quarterly and annual financial statements for various entities and stakeholders.
• Assist with financial planning deliverables including budgeting and forecasting.
• Maintain supporting schedules and workpapers to substantiate certain accounts and transactions.
• Reconcile accounts and record accruals as needed.
• Assist with annual audits

Qualifications

• 3-5 years of experience either in public accounting, tax or at an established Fund Administrator, servicing private investment funds/alternative asset clients
• Experience with complex fund structures
• Advanced analytical reasoning skills
• Proficiency in Excel and/or familiarity with fund accounting software (Investran, eFront, Allvue, or equivalent).
• Desired experience with Power BI, Power Query, Altreyx
• Effective communication skills both internally with team members and externally with advisors and investors
• Demonstrated team player, self-starter, and independent thinker
• Proven ability to work in a deadline-focused environment with a high level of accuracy

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 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.