Fund Accounting - Controller

Petra Funds Group • National, MD

96d • $122,000 - $183,000 • Hybrid

About The Position

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.

Requirements

• 7-10 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.
• Undergraduate degree required, MBA a plus.

Nice To Haves

• CPA preferred but not required.

Responsibilities

• Act as lead contact for client relationships from proposal to engagement implementation and ongoing administration
• Ensure proper staffing and training needs are met on engagements
• Develop and maintain procedures required to meet internal and external deliverables and client satisfaction
• Review and implement partnership allocation models based on partnership agreements for various clients
• Become knowledgeable of all key systems, including Investran Live and DX
• Coordinate and review investor communication, including capital call and distribution notices, as well as capital balances statements for various clients
• Review investment transactions via Investran Live general ledger system
• Review management fee calculations, invoices, and journal entries
• Review daily and monthly cash reconciliations for various partnerships and related portfolio companies
• Review the fund financial statements (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash Flow) and other management reporting (IRR performance summaries, investment transaction reports, etc.)
• Work alongside the Director/Senior Director to provide direction on various projects and inquiries, including reviewing material prepared by staff. These tasks include reviewing general ledger entries, quarterly work papers, audit confirms, LP requests, and other ad hoc material.
• Review and/or calculate private equity benchmark returns, including gross/net MOI and IRR, along with TVPI, RVPI, and DPI
• Review materials for the interim and annual audit of the fund partnerships for various clients and establish a working relationship with auditors

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.
• Certified Great Place to Work®, based on direct employee feedback about our culture, trust, and workplace experience.

What This Job Offers

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