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.
What You Will Do :
Own the accounting relationship for a portfolio of Petra's Management Company clients, serving as the primary point of contact and trusted advisor to client stakeholders
Lead and review the full scope of Management Company Accounting for multiple clients, ensuring accuracy, timeliness, and quality across the team's output
Mentor and develop junior accounting staff, providing technical guidance and reviewing their work product
Partner directly with client CFOs, controllers, and Fund Administration teams as a senior representative of Petra
Drive process improvement initiatives across the Management Company Accounting function
Lead client meetings, including presenting financials and fielding questions from client leadership
Grow into a broader leadership role within Petra's Management Company Accounting practice
Key Responsibilities:
Oversee and review all aspects of Management Company Accounting across an assigned client portfolio, including Holdings and GP-level entities
Review and approve calculation and recording of Revenues and Expenses, ensuring proper allocation methodology is applied
Oversee client payables processes and third-party vendor payments, ensuring adequate controls
Review cash transaction recording and bank reconciliations prepared by staff
Review and finalize client financial statements and supporting workbooks at the Management Company, Holdings, and GP levels before client delivery
Serve as the senior liaison with Fund Administration teams, maintaining due to manager records and reporting, and resolving escalated issues
Oversee Portfolio Company invoice preparation for reimbursement
Lead the annual audit and 1099 processes for assigned clients, serving as primary contact for auditors
Own closing calendars and client meeting agendas, holding the team accountable to deadlines
Identify and implement process efficiencies and best practices across the client portfolio
Support onboarding of new clients and staff training on Management Company Accounting processes
What You’ll Need:
Bachelor's degree in accounting; CPA preferred
6-8+ years' experience in accounting, with meaningful exposure to Alternative Asset Management, fund administration, or Big Four
Prior experience reviewing the work of junior staff and/or direct people management experience
Strong understanding of the full accounting close cycle, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E
Proficient in accounting systems; prior experience with Sage Intacct a plus
Demonstrated ability to manage multiple client relationships concurrently, including presenting to and advising senior client stakeholders
Strong organizational, leadership, and communication skills
Team-first mentality with a track record of developing others
Desire to build and lead a growing accounting function
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…