Note: The job is a remote job and is open to candidates in USA. Petra Funds Group is a single-source provider for fund administration and infrastructure needs for private equity and debt funds. The Fund Accounting Manager is responsible for leading the delivery of fund accounting and client service for private equity fund service clients, overseeing all aspects of fund accounting and reporting.
Responsibilities
- Quarterly and year-end close activities for assigned Funds. Includes work paper preparation, including financial statements, capital account statements, and account reconciliations
- Ability to read, understand, and interpret Limited Partnership Agreements, Operating Agreements, and other related legal documents associated with Funds
- Knowledge of partnerships, fund structures, waterfalls, preferred return/carried interest, and capital transactions
- Knowledge of Fund performance metrics such as IRR, TVPI, DPI, RVPI, and MOIC
- Prepare Fund capital calls and distributions, including investor calculations and notices
- Prepare Fund management fee calculations and subsequent close calculations for Funds not yet closed
- Provide auditors with necessary supporting documentation in connection with the year-end audit
- Provide tax teams with necessary supporting documentation for tax returns, K-1s, and other related tax documents for assigned Funds
- Ability to address ad hoc reporting requests from multiple sources
- Address investor questions as they arise
- Other reasonably related duties as assigned
Skills
- At least seven years of progressive work experience in accounting or audit, with a preference for private equity, fund administration, or public accounting experience
- Ability to work in a dynamic, fast-paced environment
- Ability to multi-task 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 Live
- Excellent analytical, planning and organizational skills
- Strong interpersonal, communication and organizational skills with a team approach
- Unquestionable integrity and ethics
- Team player that is enthusiastic about joining a growing team
- Undergraduate degree required
- MBA a plus
- CPA preferred but not required
Benefits
- 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.
Company Overview
Company H1B Sponsorship