Senior Real Estate Fund Accountant – JV & GAAP

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

Benefits offered by this job

Health insurance per company policy

HSA contributions

401(k) with company match

Job summary

Petra Funds Group is a leading provider of fund administration and infrastructure for Private Equity and Debt Funds, serving a national portfolio. The Real Estate Senior Fund Accountant will review property-level financials, coordinate with our third-party administrator, and ensure timely, accurate reporting for joint ventures.

You will report to the Fund CFO and collaborate with property management and asset management teams to drive precision and compliance.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3–6 years of accounting experience in real estate (affordable, multifamily, or mixed-income preferred).
• Familiarity with NCREIF industry guidelines and performance return calculations preferred.
• Desired experience with Power BI, Power Query, Alteryx.
• Experience working with third-party property managers and joint venture partners.
• Familiarity with Yardi, MRI, and comparable accounting systems preferred.
• Strong understanding of GAAP and property-level financial statements.

Responsibilities

• Review normalized financials and address differences with property-level teams.
• Support the integration and enhancement of technology tools to drive automation and data quality.
• Prepare and review monthly and quarterly property-level financial statements for assets held in joint ventures.
• Review journal entries, accruals, and adjustments to ensure GAAP compliance.
• Review general ledgers and trial balances for property-level entities.
• Track property operating cash flows, reserves, and distributions.
• Review distribution calculations for accuracy; partner with internal teams to approve fund distributions.
• Coordinate with property management teams to reconcile operating accounts and address accounting discrepancies.
• Work directly with the third-party fund administrator on monthly property-level reconciliations.
• Review budget to actual differences for accuracy and completeness.
• Provide property-level financial data to support fund-level reporting and investor deliverables.
• Ensure consistency between property and fund accounting records.
• Support the Fund Controller and Fund CFO with quarterly review and audit processes.
• Assist in developing and standardizing property-level accounting procedures and reporting templates.
• Support system and process enhancements ( e.g., Yardi, MRI, or other accounting tools )
• Maintain accurate and organized accounting documentation for all assets.

Skills

GAAP knowledge

Real estate accounting

Financial reporting

Attention to detail

Communication

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance

Tools

Power BI

Power Query

Alteryx

Yardi

MRI

Job description

Petra Funds Group is a leading provider of fund administration and infrastructure for Private Equity and Debt Funds, serving a national portfolio. The Real Estate Senior Fund Accountant will review property-level financials, coordinate with our third-party administrator, and ensure timely, accurate reporting for joint ventures.

You will report to the Fund CFO and collaborate with property management and asset management teams to drive precision and compliance.