Senior Fund Accountant - Hybrid, Automation Focus

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. 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