Fund Accounting Manager | DCS (Software Investments)

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 US 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.

The Fund Accounting Manager will support our client's Growth strategies, responsible for overseeing the full lifecycle of fund accounting across both open- and closed-end private equity vehicles. This individual will manage capital activity, maintain accurate NAVs, and lead quarterly and annual financial reporting while partnering closely with investment and investor relations teams. The role requires a strong understanding of varying fund structures, including the nuances between open- and closed-end vehicles, as well as experience with complex equity structures, valuation concepts, and waterfall mechanics.

The ideal candidate brings several years of private markets fund accounting experience, ideally within growth equity or similar strategies, and has operated within a fund administrator, asset manager, or Big Four environment. They are detail-oriented, proactive, and comfortable in a fast-paced setting, with the ability to manage multiple priorities and communicate effectively across cross-functional teams.

• →Review of capital calls and distributions prepared by fund administrator, including set-up of our clients check workpapers
• →Quarterly review of closing workpapers, financial statements, capital account statements, ILPA fee templates (as applicable) and ILPA subscription line usage templates (as applicable) prepared by fund administrator, including set-up of our clients check workpapers
• →Annual review of audited financial statements, footnotes, including disclosure workings
• →Detailed review of management fee and waterfall calculations prepared by fund administrator, including set-up of our clients check workpapers
• →Assist Investor Servicing Team in responding to information requests and inquiries from Limited Partners
• →Work with the Fund Operations Team to coordinate draws and repayment of fund-level credit facilities
• →Review expenses charged to Funds and perform allocations in accordance with the Firm’s expense allocation policy
• →Review materials prepared by Investor Relations and Compliance departments related to due diligence requests and regulatory filings
• →Reviews working papers supporting regulatory compliance filings and draft filings prior to submission, including AIFMD, FAR, Form ADV, Form PF, and other regulatory filings.
• →Monitor cash activities on a real time basis when there are capital calls and distributions
• →Assist in the execution of cash movements (wires, transfers, ACH, etc.), including coordination with Treasury team, as applicable
• →Monthly review of bank and custody reconciliations
• →Assisting in posting and releasing deliverables on the investor portal (financial statements, capital accounts, capital calls / distributions, etc.)
• →Ad Hoc projects
• →Support the creation of new documentation and best practices

• Minimum of 5 years of hands-on fund accounting/reporting experience required
• A./B.S. in Accounting or Finance
• CPA preferred
• Excellent communication, collaboration and presentation skills
• Self-starter that is able to self-motivate to work in a mostly remote team setting
• Strong analytical skills, great attention to detail, expert modeling and spreadsheet capabilities

We’re proud of many milestones, but we’re especially honored by the recognition we’ve received for our workplace experience: 

• Certified Great Place to Work®, based on direct feedback from our employees about trust and overall culture. 
• Fortune Best Medium Workplaces™ and Best Financial Services & Insurance Workplaces™, highlighting our commitment to building an environment where people thrive.