Management Company - Senior Accountant

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.

What You Will Do :

• Develop your accounting, managerial, and leadership skills while maintaining the books and records of Petra’s Management Company clients
• Gain exposure to private equity and credit clients of varying size, investment strategies, and complexity
• Serve as an extension of Petra’s client’s teams and function as a trusted business partner
• Deliver high quality accounting and operational support that adds value to Petra and its clients
• Grow your career as part of a highly collaborative team within Petra
• Attend and actively participate in client meetings

Key Responsibilities:

• Support multiple clients with all aspects of Management Company Accounting
• Calculate and record Revenues and Expenses as appropriate
• Ensure proper allocations and process client payables for third party vendors
• Record inbound and outbound cash transactions and reconcile bank statements
• Prepare client financial statements and supporting workbooks at Management Company, Holdings, and GP levels
• Actively partner with Fund Administration teams, maintaining due to manager records and reporting
• Prepare Portfolio Company invoices for reimbursement
• Support annual audit & 1099 processes for clients
• Prepare closing calendars and client meeting agendas

What You’ll Need:

• Bachelor’s degree in accounting
• 3-5 years’ experience preferably at an Alternative Asset Management firm
• Solid understanding of the accounting close cycle and underlying processes including concepts around General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E
• Proficient in accounting systems; prior experience with Sage Intacct a plus
• Strong organizational and communication skills
• Desire to support external clients and ability to work on multiple client engagements concurrently
• Positive attitude and outgoing personality with a strong team and firm first mentality
• Desire to learn and progress professionally

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 t hat offers flexibility and supports work-life balance.  

*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.