Fund Accounting - Senior Fund Accountant at Petra Funds Group

National, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

123000.0

Posted On

30 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Private Equity, Partnerships, Alternative Assets, Microsoft Excel, Analytical Skills, Planning Skills, Interpersonal Skills, Communication Skills, Organizational Skills, Attention to Detail, Investran Live, Team Approach, Integrity, Ethics

Industry

Financial Services

Description

About Us Petra Funds Group is a single-source provider for fund administration and infrastructure needs for 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've spent years working with asset managers is what 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. What You'll Do 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 the partnerships based on the terms outlined within the partnership agreements. Prepare the partnerships’ financial statements on a quarterly/annual basis (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash flows). This can also include supplemental management reports, such as performance metrics. Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors. Coordinate the communication of investor notices, including distributions, capital calls, and capital balances via the clients’ investor portal application. Work closely with the client to answer investor inquiries and requests in relation to responsible partnerships. Manage timelines established with the client to ensure agreed-upon deliverables are being met. This also includes participating in weekly external calls to stay current with the client's ongoing needs and requests, including capital activity requirements at the fund and portfolio company levels. Obtain a working knowledge of all key systems, including Investran Live (accounting system) and CRM platforms What You'll Need: At least 3 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets Ability to work in a dynamic, fast-paced environment Ability to 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 and Excellent analytical and planning skills Strong interpersonal, communication, and organizational skills with a team approach Must possess unquestionable integrity and ethics Undergraduate degree in accounting, finance, or business CPA is a plus but not required Salary Range At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $82,000 - $123,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills. How We Care We believe people do their best work when they feel supported — personally and professionally. That’s why we offer a comprehensive benefits package that reflects our commitment to your well-being. Our perks include: 90% covered medical, dental, and vision insurance premiums to help you stay healthy without financial strain. Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum — available to employees enrolled in our high-deductible health plan. * 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting, so you start building long-term savings right away. Flexible paid time off to recharge, travel, or take care of what matters most. Generous holiday calendar to ensure you have time to rest, reflect, and celebrate throughout the year. Hybrid work environment that offers flexibility and supports work-life balance. Certified Great Place to Work®, based on direct employee feedback about our culture, trust, and workplace experience. *Funded amount is prorated for new hires. What We’re Proud Of We’re proud of many milestones, but we’re especially honored by the recognition we’ve received for our workplace experience: Certified Great Place to Work®, based on direct feedback from our employees about trust and overall culture. Fortune Best Medium Workplaces™ and Best Financial Services & Insurance Workplaces™, highlighting our commitment to building an environment where people thrive.

Responsibilities

Prepare and review financial calculations and statements for partnerships, including capital contributions and distributions. Coordinate with clients and auditors to ensure timely and accurate reporting.