Quality Control- Controller or Senior Controller

Petra Funds Group • National, MD

2d • $122,000 - $183,000 • Hybrid

About The Position

The Quality Control Controller/Sr. Controller is a crucial role responsible for the final review of client-facing deliverables. As part of Petra's centralized Quality Control function, this role performs the final internal review of client-facing Fund Accounting deliverables before they are released externally. The Controller/Sr. Controller will apply deep fund accounting knowledge and sound professional judgment to evaluate deliverables across a diverse range of private market fund structures and serve as a technical resource to Fund Accounting teams.

Requirements

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field; CPA or other relevant professional certification preferred.
• Minimum of 10 years of relevant fund administration, fund accounting, or comparable private markets accounting experience, including at least 4 years performing senior-level review or oversight of fund accounting deliverables.
• Deep knowledge of fund accounting and U.S. GAAP financial reporting, including experience with complex fund calculations, such as waterfalls, as well as financial statements, footnote disclosures, and supporting workpapers.
• Demonstrated experience interpreting limited partnership agreements, side letters, and other fund governing documents and applying their terms to accounting calculations and reporting.
• Experience across a range of private market strategies and structures, such as private equity/buyout, venture capital, fund-of-funds, real estate, and private credit.
• Exceptional attention to detail, analytical ability, and professional judgment, with the ability to identify and resolve issues in complex financial information.
• Strong problem-solving skills and the ability to independently research, assess, and resolve complex accounting and operational matters.
• Clear written and verbal communication skills, including the ability to explain technical findings and recommendations to colleagues at varying levels of seniority.
• Ability to manage multiple reviews and priorities in a fast-paced, deadline-driven environment while maintaining consistent quality standards.
• Advanced proficiency in Microsoft Excel and comfort working with fund administration platforms, artificial intelligence, and other technology tools used to support financial review and analysis.

Nice To Haves

• CPA or other relevant professional certification

Responsibilities

• Perform independent, pre-issuance review of Fund Accounting deliverables, including financial statements and supporting workbooks, NAV calculations, waterfalls, management fees, capital activity, investor allocations and reporting, and other client-facing deliverables.
• Evaluate deliverables for mathematical accuracy, accounting treatment, completeness, internal consistency, presentation, and compliance with applicable U.S. GAAP financial reporting and disclosure requirements.
• Review complex calculations and accounting conclusions against limited partnership agreements, side letters, and other governing documents, and client-specific requirements, as applicable.
• Identify errors, inconsistencies, unusual activity, and higher-risk matters; clearly communicate findings and work with Fund Accounting teams to resolve issues prior to external delivery.
• Apply professional judgment and a risk-based approach to review, focusing on matters with the greatest potential financial, reporting, or client impact.
• Serve as a technical accounting and operational resource to Fund Accounting teams, providing guidance on complex calculations, fund governing documents, financial reporting, and other technical matters.
• Collaborate with Fund Accounting leadership and other internal stakeholders to resolve issues and support the timely and accurate delivery of fund administration services.
• Support the development, maintenance, and consistent application of Quality Control review standards and procedures across Fund Accounting deliverables.
• Identify trends, recurring issues, and process gaps through Quality Control review activity and data, and recommend improvements to training, processes, and service delivery.
• Leverage technology, automation, and artificial intelligence to enhance review quality and efficiency while maintaining appropriate professional judgment and oversight.

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

What This Job Offers

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