Fund Operations, Senior Associate
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. Our Client is seeking a self-motivated Senior Associate to join their Accounting Operations team in Boston. This position is a part of a growing team that is passionate about implementing processes, driving continuous improvement and delivering results. The Accounting Operations team is a group of functional teams that perform fund operational processes on a centralized basis for all funds using a consistent, standardized approach. As a member of the Accounting Operations team, the Senior Associate supports various Fund Operations teams by performing, on a cross-fund basis: high-volume processing and review activities, tasks downstream of operations team signoff, and other processing functions.
Requirements
- Minimum of 3 years of operational or financial service experience
- Experience in Accounting Operations, ideally in private markets
- Strong attention to detail, analytical skills and experience with data reconciliation
- Proficiency in digital literacy (Microsoft Office) with a willingness to learn new systems and applications
- Ability to perform processes across a diverse set of funds, applying knowledge learned in one fund to similar funds within the complex
- Strong technical accounting knowledge
Nice To Haves
- Experience with Efront and Great Plains accounting software a plus
Responsibilities
- Perform tasks aligned to Accounting Operations, adhering to established timelines and following standardized queries, workflows and templates
- Develop expertise in the assigned functional area, understanding both the depth (knowledge of process) and breadth (knowledge of fund-specific characteristics) and how they impact the process
- Review data entry to operations systems and Excel, run and review reports, perform data reconciliation/validation, and manage system uploads
- Ensure team's compliance with documentation standards applicable to the Accounting Operations team, including creation or review of a standard documentation package clearly evidencing work performed, conclusions reached, and signoff
- Communicate with team leader on any comments on work performed, addressing comments timely, and applying lessons learned to future work product
- Prepare or review ad hoc requests and help with Accounting Operations Team projects related to continuous improvement
- Coordinate client service queries in a timely manner
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
Senior
Education Level
No Education Listed
