3-5 years' experience in Alternative Asset Management
Solid understanding of the accounting close cycle and related processes
Proficient in accounting systems; Sage Intacct experience is a plus
Strong organizational and communication skills
Ability to manage multiple client engagements simultaneously
Positive attitude with a team-first mentality
Responsibilities
Support multiple clients with Management Company Accounting
Calculate and record revenues and expenses
Process client payables for third-party vendors
Record cash transactions and reconcile bank statements
Prepare client financial statements and supporting workbooks
Partner with Fund Administration teams for record maintenance
Prepare Portfolio Company invoices for reimbursement
Support annual audit and 1099 processes
Benefits
90% covered medical, dental, and vision insurance premiums
Fully funded Health Savings Account (HSA) contributions
401(k) employer match at 100% up to 5% of compensation
Flexible paid time off
Generous holiday calendar
Hybrid work environment for work-life balance
Full Job Description
What You Will Do:
Develop your accounting, managerial, and leadership skills while maintaining the books and records of Petra's Management Company clients
Gain exposure to private equity and credit clients of varying size, investment strategies, and complexity
Serve as an extension of Petra's client's teams and function as a trusted business partner
Deliver high quality accounting and operational support that adds value to Petra and its clients
Grow your career as part of a highly collaborative team within Petra
Attend and actively participate in client meetings
Key Responsibilities:
Support multiple clients with all aspects of Management Company Accounting
Calculate and record Revenues and Expenses as appropriate
Ensure proper allocations and process client payables for third party vendors
Record inbound and outbound cash transactions and reconcile bank statements
Prepare client financial statements and supporting workbooks at Management Company, Holdings, and GP levels
Actively partner with Fund Administration teams, maintaining due to manager records and reporting
Prepare Portfolio Company invoices for reimbursement
Support annual audit & 1099 processes for clients
Prepare closing calendars and client meeting agendas
What You'll Need:
Bachelor's degree in accounting
3-5 years' experience preferably at an Alternative Asset Management firm
Solid understanding of the accounting close cycle and underlying processes including concepts around General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E
Proficient in accounting systems; prior experience with Sage Intacct a plus
Strong organizational and communication skills
Desire to support external clients and ability to work on multiple client engagements concurrently
Positive attitude and outgoing personality with a strong team and firm first mentality
Desire to learn and progress professionally
Salary Range At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $82,000 - $123,000 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.
