Senior Fund Accountant (DCS)

Petra Funds Group • Chicago, IL

6d • $82,000 - $123,000 • Hybrid

About The Position

Petra Funds Group is hiring a Senior Fund Accountant to work directly with an established global multi-strategy private markets investment firm. The client invests through primary fund commitments, secondaries, direct co-investments, private credit strategies, commingled funds, credit vehicles, and deal-by-deal co-investment vehicles and SPVs.

Day-to-day fund accounting is performed by a third-party administrator, while the client retains ownership of review, technical accounting positions, and all materials provided to investors, auditors, and tax authorities. This hire will help build the client’s internal review function, working closely with the Controller and broader team. The Senior Fund Accountant owns the accuracy and timeliness of accounting deliverables for an assigned group of funds and co-investment vehicles. The initial focus will be co-investment entities and legacy funds, with scope expected to grow over time. The role requires independently recomputing, challenging, and signing off on administrator-prepared work.

Requirements

• At least 3 years of accounting experience.
• Undergraduate degree in accounting, finance, or business.
• Ability to work in a dynamic, fast-paced environment, handle multiple projects, and meet deadlines.
• Detail-oriented, with the ability to complete tasks promptly.
• Willingness to take on additional ad-hoc tasks and projects.
• Ability to build and maintain advanced spreadsheets using Microsoft Excel.
• Knowledge of Investran Live.
• Excellent analytical and planning skills.
• Strong interpersonal, communication, and organizational skills, with a team-oriented approach.
• Unquestionable integrity and ethics.

Nice To Haves

• Experience with private equity, partnerships, and/or alternative assets.
• CPA.

Responsibilities

• Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations, expense schedules, and income calculations.
• Prepare and review quarterly incentive allocation models for partnerships based on partnership agreement terms.
• Prepare quarterly and annual partnership financial statements, including statements of assets and liabilities/partners’ capital, operations, partners’ capital, and cash flows.
• Prepare supplemental management reports, such as performance metrics.
• Prepare materials for interim and annual partnership audits and establish working relationships with auditors.
• Coordinate investor notices, including distributions, capital calls, and capital balances, through the client’s investor portal application.
• Work with the client to respond to investor inquiries and requests relating to the responsible partnerships.
• Manage client-established timelines and ensure agreed-upon deliverables are met.
• Participate in weekly external calls to stay current on client needs and requests, including capital activity requirements at fund and portfolio company levels.
• Develop a working knowledge of key systems, including Investran Live and CRM platforms.
• Independently recompute, challenge, review, and sign off on administrator-prepared work for assigned entities.

Benefits

• 90% of medical, dental, and vision insurance premiums covered.
• Employer contributions to a Health Savings Account up to the IRS maximum for employees enrolled in the high-deductible health plan.
• 401(k) employer match of 100% of contributions up to 5% of compensation, with immediate vesting.
• Flexible paid time off.
• Generous holiday calendar.
• Hybrid work environment.

What This Job Offers

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