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. They are seeking an experienced Fund Accounting Manager to oversee the accounting and financial reporting for a portfolio of Fund of Funds clients, manage client relationships, and supervise fund accountants.
Responsibilities
- Manage the day-to-day accounting operations for multiple Fund of Funds clients
- Review monthly, quarterly, and annual NAV packages and financial statements
- Oversee capital activity including capital calls, distributions, equalizations, and investor allocations
- Review investment activity including purchases, sales, income, expenses, and fair value reporting
- Coordinate accounting for underlying investments in private equity, venture capital, private credit, real estate, and hedge funds
- Review partner capital allocations and waterfall calculations where applicable
- Ensure accurate maintenance of the general ledger and supporting schedules
- Manage quarter-end and year-end close processes
- Coordinate annual audits and serve as the primary contact for external auditors
- Review and approve investor reporting packages and capital account statements
- Maintain strong client relationships through proactive communication and issue resolution
- Supervise, mentor, and develop Fund Accounting Associates and Senior Fund Accountants
- Review work products to ensure accuracy, completeness, and compliance with internal quality standards
- Identify process improvement opportunities and support automation initiatives
- Stay current on industry accounting guidance and best practices
Skills
- Bachelor's degree in Accounting or Finance
- 6+ years of alternative investment fund accounting experience
- Experience with Fund of Funds accounting
- Strong understanding of: Capital calls, Distributions, Investor allocations, Partnership accounting, NAV calculations, Financial statement preparation
- Experience working with private equity, venture capital, private credit, or other alternative investment funds
- Strong knowledge of US GAAP
- Advanced Excel skills
- Excellent organizational and client communication skills
- Experience at a fund administrator or alternative asset manager
- Experience with Investran, Allvue, Geneva, or similar fund accounting systems
- Experience reviewing audited financial statements
- Knowledge of ASC 820 fair value principles
- Experience with multi-currency and complex partnership structures
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.
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