Fund Accounting Manager

Petra Funds Group • New York, NY

4d • $100,000 - $120,000 • Remote

About The Position

Independently perform partnership accounting for complex fund structures, including Limited Partner (LP) and General Partner (GP) entities, feeder funds, parallel funds, and co-investment vehicles. Review and analyze complex accounting deliverables, including waterfall models, multi-entity allocations, and carried interest, management fees, and preferred return calculations. Oversee compliance with investor reporting requirements, including AIFMD, FATCA, CRS, SEC, and ILPA standards, ensuring accuracy and timeliness. Identify and resolve discrepancies in allocations, valuations, or capital activity; provide guidance on corrective actions and best practices. Review and approve capital call and distribution notices; ensure calculations and investor allocations are accurate. Lead preparation of quarterly and annual financial statements; liaise with auditors and service providers to resolve complex technical issues.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, Statistics or a related field (or foreign equivalent degree)
• 3 years of fund accounting experience with a fund administrator or an asset/investment management firm, performing partnership accounting
• Applying fair value principles to illiquid investments in portfolio companies, real estate, or debt instruments
• Experience with limited partnerships, including Limited Partner (LP) and General Partner (GP) structures
• Experience with waterfall models and multi-entity structures, including feeder funds, parallel funds, and co-investment vehicles
• Performing calculations/distribution principles for Carried Interest, Management Fees, and Preferred Returns
• Working with AIFMD, FATCA, CRS, and SEC requirements for investor reporting
• Identifying discrepancies in allocations, valuations, and capital activity
• Experience with ILPA reporting standards

Responsibilities

• Perform partnership accounting for complex fund structures
• Review and analyze complex accounting deliverables
• Oversee compliance with investor reporting requirements
• Identify and resolve discrepancies in allocations, valuations, or capital activity
• Review and approve capital call and distribution notices
• Lead preparation of quarterly and annual financial statements

What This Job Offers

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