Management Company - Controller

Petra Funds Group • Los Angeles, CA

8d • $122,000 - $183,000 • Hybrid

About The Position

The Controller will lead Petra Funds Group’s Management Company Accounting practice, owning service quality, technical accuracy, and delivery across a portfolio of Management Company, Holdings, and GP-level clients. The role serves as the senior accounting authority and trusted advisor to client CFOs, COOs, and controllers, and as the escalation point for complex client matters. The Controller presents financial results and strategic accounting recommendations to client leadership, boards, and partners.

The Controller builds, manages, and develops a team of Accounting Managers and staff, sets performance standards, oversees hiring, and drives career development. The role sets accounting policy, review methodology, and quality standards, including revenue and expense allocation approaches, and ensures consistent application across clients. It also owns the practice’s internal control environment, including review frameworks, segregation of duties, and audit readiness.

In addition to delivery responsibilities, the Controller leads process, technology, and automation initiatives to improve scalability, efficiency, and client experience. The role partners with leaders in Fund Administration, Operations, Technology, and Client Services to strengthen cross-functional workflows and contributes to firm strategy through accounting leadership, capacity planning, pricing input, and practice growth.

Requirements

• Bachelor’s degree in accounting.
• CPA required, or active CPA candidate with a clear path to licensure at Petra’s discretion.
• 10–12+ years of progressive accounting experience, with substantial exposure to Alternative Asset Management, fund administration, or Big Four audit and advisory serving asset managers.
• At least 4 years of formal people management experience, including managing managers or leading a multi-person team.
• Deep knowledge of US GAAP and the full accounting close cycle, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E.
• Experience owning audits, external auditor relationships, and 1099 or similar tax reporting processes.
• Demonstrated ability to manage multiple senior client relationships and advise CFOs and other executives with credibility and confidence.
• Proficiency with accounting systems.
• Track record of building or scaling a team, process, or practice, including implementing controls and technology improvements.
• Strong judgment, executive presence, and leadership and communication skills.
• Team-first mentality and a proven record of developing and retaining talent.
• Desire to build and lead a growing accounting function.

Nice To Haves

• Sage Intacct experience.

Responsibilities

• Own the end-to-end close, reporting, and review process for assigned Management Company, Holdings, and GP-level entities, ensuring accuracy, timeliness, and consistency across the team.
• Set and approve methodology for calculating and recording revenues, expenses, and allocations, including management fees, fee offsets, and shared expense allocations.
• Review and sign off on final financial statements and supporting workbooks before client delivery, and serve as the final technical reviewer on judgmental accounting matters.
• Oversee payables, vendor payments, and cash management processes, ensuring strong controls and appropriate approval workflows.
• Oversee bank reconciliations and cash controls, and review the results of team-level reviews.
• Serve as executive liaison to Fund Administration leadership, own due-to/from manager reporting, and resolve escalated issues.
• Oversee Portfolio Company invoicing and reimbursement processes and related controls.
• Own annual audit and 1099 processes across the client portfolio, serve as the primary relationship with external auditors and tax providers, and resolve audit findings.
• Own closing calendars, meeting cadences, and deadline accountability for the full team.
• Lead onboarding of new clients, including process design, scoping, and transition from prior providers.
• Manage team capacity and resourcing, and make staffing recommendations to firm leadership.
• Identify, prioritize, and implement process efficiencies and best practices across the practice.
• Build, manage, and develop a team of Accounting Managers and staff, including setting performance standards, hiring, and career development.
• Set accounting policy, review methodology, and quality standards, including revenue and expense allocation approaches.
• Own the practice’s internal control environment, including review frameworks, segregation of duties, and audit readiness.
• Lead process, technology, and automation initiatives to improve scalability, efficiency, and client experience.
• Partner with Fund Administration, Operations, Technology, and Client Services leaders to strengthen cross-functional workflows.
• Contribute to firm strategy, capacity planning, pricing input, and practice growth as a member of Petra’s accounting leadership group.
• Present financial results and strategic accounting recommendations to client leadership, boards, and partners.

Benefits

• 90% of medical, dental, and vision insurance premiums covered.
• Fully funded Health Savings Account employer contributions up to the IRS maximum for employees enrolled in the high-deductible health plan; funded amount is prorated for new hires.
• 401(k) employer match at 100% of contributions up to 5% of compensation, with immediate vesting.
• Flexible paid time off.
• Generous holiday calendar.
• Hybrid work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior