The Role:This is a hands-on, client-facing role on one of Petra's private equity fund services teams-well suited for a fund accounting professional looking to deepen their expertise in the alternative investment industry and take on increased ownership and client responsibility. As a Senior Fund Accountant, you will serve as a key contributor across the full fund lifecycle, developing a strong understanding of complex fund structures, portfolio activity, and investor reporting requirements.
You'll be responsible for preparing and reviewing capital activity, financial reporting, performance metrics, and partnership allocations while partnering directly with clients, investors, auditors, and internal stakeholders. This is a fast-paced environment that offers meaningful exposure to private equity operations, sophisticated investment structures, and industry-leading systems including Investran and Workday. The role provides strong visibility, opportunities for mentorship and process improvement, and a clear path for continued growth within a collaborative, high-performing team.
What You'll Do:- Prepare and review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations, and supporting schedules.
- Prepare and review quarterly incentive allocation models in accordance with partnership agreements and fund governing documents.
- Prepare quarterly and annual financial statements for private equity partnerships, including Statements of Assets and Liabilities, Operations, Changes in Partners' Capital, Cash Flows, footnotes, and supplemental investor reporting packages.
- Analyze fund performance metrics and support client reporting deliverables.
- Coordinate and process investment and expense wire activity.
- Prepare quarterly portfolio company invoicing and related supporting documentation.
- Lead preparation efforts for interim and annual audits, including coordination with external auditors and management of audit support requests.
- Coordinate investor communications, including capital calls, distributions, and reporting through investor portal platforms.
- Respond to client and investor inquiries in a timely, professional manner while helping to resolve accounting and reporting-related issues.
- Manage multiple client deliverables and deadlines simultaneously, ensuring high-quality and timely execution.
- Participate in recurring client calls and maintain strong working relationships with key stakeholders to stay aligned on ongoing fund activity and priorities.
- Develop a strong working knowledge of key systems and processes, including Investran, Workday, CRM platforms, and internal reporting tools.
- Identify opportunities for process improvements and operational efficiencies within fund accounting workflows.
- Support and mentor junior team members as needed through training, review, and day-to-day collaboration.
What You'll Need:- Bachelor's degree in Accounting, Finance, or Business.
- 3+ years of accounting experience, preferably within private equity, alternative investments, partnership accounting, fund administration, or public accounting with financial services clients.
- Strong understanding of partnership accounting concepts, fund structures, and investor allocations.
- Ability to manage multiple priorities and deadlines in a fast-paced, client-service-oriented environment.
- Advanced Excel skills with the ability to build and maintain complex spreadsheets and reconciliations.
- Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
- Excellent communication and interpersonal skills with the ability to build strong client and team relationships.
- Demonstrated ownership mindset and ability to work independently while collaborating effectively across teams.
- Experience with Investran is preferred but not required.
- CPA designation or progress toward CPA is a plus.
Salary RangeAt 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 CareWe 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.
*Funded amount is prorated for new hires.
