Fund Accounting - Manager (FoF)
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. We are seeking an experienced Fund Accounting Manager to oversee the accounting and financial reporting for a portfolio of Fund of Funds (FoF) clients. This individual will manage client relationships, supervise fund accountants, ensure timely and accurate financial reporting, and serve as a technical resource on complex private markets accounting matters. The ideal candidate has experience accounting for private equity, venture capital, private credit, or multi-manager investment structures and enjoys working directly with sophisticated investment managers in a client-facing environment.
Requirements
- 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.
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.
Benefits
- 90% covered medical, dental, and vision insurance premiums
- Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum
- 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting
- Flexible paid time off
- Generous holiday calendar
- Hybrid work environment
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What This Job Offers
Job Type
Full-time
Career Level
Manager
