Fund Operations Associate

Petra Funds Group is a single source provider for the fund administration and fund infrastructure needs of 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 have spent years working inside of asset managers is what truly 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.

• →Support the operational execution of investment transactions, including acquisitions, exits, recapitalizations, capital calls, and distributions.
• →Coordinate information flow between the Investment Team, legal counsel, fund administrators, and other external service providers.
• →Maintain investment records, legal entity structures, ownership schedules, and investment documentation.
• →Track portfolio company activity and ensure accurate capture of investment-level data within internal systems.
• →Review fund accounting deliverables, including NAV calculations, capital account statements, financial statements, and investor reporting packages.
• →Reconcile investment activity, capital transactions, and portfolio valuations between accounting records and internal reporting.
• →Support quarterly and annual audit processes by coordinating requests from auditors and service providers.
• →Partner with the Valuations Team to facilitate quarterly and annual valuation processes.
• →Gather and organize portfolio company financials, operating metrics, market data, and supporting valuation documentation.
• →Maintain valuation support files and ensure consistency between valuation models and underlying fund records.
• →Develop and maintain operational procedures and controls to improve efficiency and accuracy.
• →Participate in system implementations, reporting enhancements, and data governance initiatives.
• →Identify opportunities to streamline workflows across investment, valuation, and accounting functions.

• Minimum of 3 years of experience in private equity, private credit, hedge funds, fund administration, public accounting, or alternative asset management operations.
• Bachelor’s and master’s degree with major in accounting and/or finance, CPA or CFA preferred
• Strong understanding of private fund structures, investment vehicles, and capital activity.
• Experience working with fund accounting, financial reporting, or investment operations processes.
• Advanced proficiency in Microsoft Excel.
• Strong analytical, organizational, and project management skills.
• Excellent communication skills with the ability to work across multiple stakeholders.

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.