Bachelor's degree in accounting, finance, or a related field.
6+ years of fund accounting or related experience in private credit, private equity, or alternative investments.
Strong knowledge of US GAAP for investment companies and partnership accounting.
Hands-on experience with private credit structures like direct lending funds.
Proven ability to interpret limited partnership agreements for accounting treatment.
Experience calculating performance metrics such as IRR and MOIC.
Demonstrated client-facing experience managing relationships with fund managers.
Advanced Excel skills.
Responsibilities
Serve as the senior point of contact for credit fund clients, managing relationships from proposal to ongoing administration.
Act as a trusted advisor, anticipating client needs and resolving complex issues.
Design and improve processes that enhance client satisfaction and ensure timely delivery.
Review and approve partnership allocation models for diverse client structures.
Oversee investment transactions within the Investran Live general ledger, including loan activities.
Review management fee calculations and related journal entries.
Manage daily and monthly cash reconciliation processes, resolving discrepancies.
Review fund financial statements for accuracy and compliance with GAAP.
Benefits
90% coverage of medical, dental, and vision insurance premiums.
Fully funded Health Savings Account (HSA) contributions up to IRS maximum.
401(k) employer match at 100% of contributions up to 5%, with immediate vesting.
Flexible paid time off for personal needs and travel.
Generous holiday calendar for rest and reflection.
Hybrid work environment promoting work-life balance.
Full Job Description
Responsibilities:
Serve as the senior point of contact for assigned credit fund clients, owning the relationship from proposal and onboarding through implementation and ongoing administration.
Act as a trusted advisor to clients, anticipating needs, escalating risks early, and driving resolution on complex or time-sensitive matters.
Design, implement, and continuously improve processes, controls, and procedures that drive client satisfaction, quality, and on-time delivery.
Review and approve partnership allocation models, ensuring accurate application of partnership agreement terms across a diverse client base and complex fund structures.
Oversee and review investment transactions and activity within the Investran Live general ledger, including credit-specific activity such as loan originations, draws, paydowns, PIK interest, fees, and amendments.
Review and approve management fee calculations, invoices, and related journal entries.
Oversee daily and monthly cash reconciliation processes across credit partnerships, credit facilities, and related portfolio investments, resolving breaks and escalating exceptions.
Review fund financial statements and management reports to ensure accuracy, GAAP compliance, and alignment with client and investor requirements.
Review and/or calculate credit fund performance metrics, including gross and net MOIC, IRR, TVPI, RVPI, and DPI, and be able to explain results to clients and investors.
Qualifications:
Bachelor's degree in accounting, Finance, or a related field.
6+ years of fund accounting or related experience in private credit, private equity, or alternative investments.
Strong working knowledge of US GAAP for investment companies and partnership accounting, including allocation methodologies and waterfall calculations.
Hands-on experience with private credit structures such as direct lending funds, credit facilities, and loan accounting.
Proven ability to review limited partnership agreements and translate terms into accounting treatment and allocations.
Demonstrated client-facing experience, including managing relationships with fund managers and responding to investor inquiries.
Strong written and verbal communication skills, with exceptional attention to detail and the ability to manage multiple deadlines.
Advanced Excel skills.
Salary RangeAt 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 that offers flexibility and supports work-life balance.
