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.
Title: Fund Accounting Manager
Duties: Independently perform partnership accounting for complex fund structures, including Limited Partner (LP) and General Partner (GP) entities, feeder funds, parallel funds, and co-investment vehicles. Review and analyze complex accounting deliverables, including waterfall models, multi-entity allocations, and carried interest, management fees, and preferred return calculations. Oversee compliance with investor reporting requirements, including AIFMD, FATCA, CRS, SEC, and ILPA standards, ensuring accuracy and timeliness. Identify and resolve discrepancies in allocations, valuations, or capital activity; provide guidance on corrective actions and best practices. Review and approve capital call and distribution notices; ensure calculations and investor allocations are accurate. Lead preparation of quarterly and annual financial statements; liaise with auditors and service providers to resolve complex technical issues.
Qualifications – External
Education: Bachelor's Degree in Accounting, Finance, Economics, Statistics or a related field (or foreign equivalent degree)
Experience: 3 years of fund accounting experience with a fund administrator or an asset/investment management firm, performing partnership accounting; applying fair value principles to illiquid investments in portfolio companies, real estate, or debt instruments; with limited partnerships, including Limited Partner (LP) and General Partner (GP) structures; with waterfall models and multi-entity structures, including feeder funds, parallel funds, and co-investment vehicles; performing calculations/distribution principles for Carried Interest, Management Fees, and Preferred Returns; working with AIFMD, FATCA, CRS, and SEC requirements for investor reporting; identifying discrepancies in allocations, valuations, and capital activity; and with ILPA reporting standards.
Other: Position allows 100% remote employment.
Wage: $100,000 to $120,000 U.S. dollars per year
Employer: Petra Funds Group, LLC
Location: 520 Madison Avenue, 23rd Floor, New York, NY 10022
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.
*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.
Top Skills
What We Do
Petra Funds Group is a leading global provider of fund administration, middle and back-office support, regulatory compliance, and ESG services for private equity, venture funds, and private debt funds. Founded by private equity executives in 2021, Petra administers structures and funds that have in excess of +$500 billion in assets. We deliver tailored services to our valued client base from offices in the U.S. and Europe. Clients are serviced by regional teams led by executives with deep experience in alternative investments and ESG and supported by a global network of experts. Our coordinated fund administration solution and best-in-class technology enable our clients to scale their operations, reduce costs, and focus on their core competencies. For more information, please visit: www.petrafundsgroup.com.
