Fund Accountant

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for 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 North America and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who've spent years working with asset managers is what 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.

This is a hands-on, client-facing role on one of Petra’s private equity fund services teams—ideal for someone early in their accounting career who’s excited to grow quickly in the alternative investment space. You’ll become a subject matter expert in fund structures and portfolio activity as you prepare capital calls, distributions, financial statements, performance metrics, and more. It’s a fast-paced environment with direct exposure to clients, investors, and auditors, plus the opportunity to work with industry tools like Investran and Workday. You’ll collaborate closely with a smart, supportive team that values precision, ownership, and continuous learning. This role offers a clear path for advancement and the chance to build a highly sought-after skill set in private equity fund accounting.

• →Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations and supporting schedules.
• →Prepare and review quarterly incentive allocation models for the partnerships based on the terms outlined within the partnership agreements.
• →Prepare the partnerships’ financial statements on a quarterly/annual basis (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, Cash flows and Footnotes). This will also include supplemental management reports, such as performance metrics.
• →Input investment and expense wires.
• →Prepare quarterly invoices for portfolio companies
• →Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors.
• →Coordinate the communication of investor notices, including distributions, capital calls, and capital balances via the clients’ investor portal application.
• →Work closely with the client to answer investor inquiries and requests in relation to responsible partnerships.
• →Manage timelines established with the client to ensure agreed-upon deliverables are being met. This also includes participating in weekly external calls to stay current with the client's ongoing needs and requests, including capital activity requirements at the fund and portfolio company levels.
• →Obtain a working knowledge of all key systems, including Investran (accounting system), Workday and CRM platforms

• At least 1-2 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets
• Ability to work in a dynamic, fast-paced environment
• Ability to handle multiple projects and meet deadlines
• Detail-oriented with the ability to complete tasks promptly
• Willingness to take on additional ad-hoc tasks and projects
• Ability to build and maintain advanced spreadsheets using Microsoft Excel
• Knowledge of Investran is a plus but not required
• Excellent analytical and planning skills
• Strong interpersonal, communication, and organizational skills with a team approach
• Must possess unquestionable integrity and ethics