Fund Operations, Manager
About The Position
Petra Funds Group is a single source provider for the fund administration and fund infrastructure needs of 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 have spent years working inside of asset managers is what truly 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. About The Role: Our Client is seeking a Manager / Senior Manager to join their Accounting Operations team in Boston. The Fund Accounting Operations Team is a group of functional teams that perform operational processes on a centralized basis for all funds using a consistent, standardized approach. As a member of Accounting Operations Team, the Assistant Director supports the department by performing, on a cross-fund basis, the review of a variety of operational workflows processed by the team. The Assistant Director is also responsible for developing the team and managing workload. These include, but are not limited to: Review of fund expense allocations; generation and review of capital account statements, distribution notices, and quarterly reports; processing of cashflow-related data; running reports to satisfy client and regulatory requests; and other functions involving data input, systems uploads, report generation/review, and data reconciliation.
Requirements
- Minimum of 5 years of operational or financial service experience
- High level of attention to detail and desire to continuously learn
- Excellent at problem solving and possess analytical skills with a strong attention to detail
- Ability to work towards and meet pre-established deadlines and/or turnaround times
- Strong work ethic and collaborative approach
- Ability to perform processes across a broad and diverse set of funds, applying knowledge learned in one fund to similar funds within the complex
- Strong technical accounting knowledge
Responsibilities
- Responsible for supervising the distribution centralized operation team to ensure completion of work assigned by following standardized procedures, workflows and templates
- Ensure compliance with documentation standards applicable to the Operations team, including creation of a standard documentation package clearly evidencing work performed, conclusions reached, and signoff
- Coordinate team members’ priorities to ensure timely reporting to stakeholders
- Coordinate and review work product of team members to ensure accuracy of work
- Train team members regarding technical requirements of each fund/account as well as processes
- Prepare analysis for various internal and external requests
- Handle other ad-hoc responsibilities as required
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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
