Fund Operations Associate

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:

The Fund Operations Associate will be responsible for supporting the operational execution of the firm's investment activities, ensuring accurate fund-level reporting, facilitating valuation processes, and maintaining the integrity of investor and portfolio company data.

The ideal candidate will have experience within private equity, private credit, fund administration, or public accounting and possess a strong understanding of fund structures, investment operations, and financial reporting. This position offers broad exposure across the investment lifecycle and provides an opportunity to work closely with multiple functional teams within the organization.

Key Responsibilities:

• Support the operational execution of investment transactions, including acquisitions, exits, recapitalizations, capital calls, and distributions.
• Coordinate information flow between the Investment Team, legal counsel, fund administrators, and other external service providers.
• Maintain investment records, legal entity structures, ownership schedules, and investment documentation.
• Track portfolio company activity and ensure accurate capture of investment-level data within internal systems.
• Review fund accounting deliverables, including NAV calculations, capital account statements, financial statements, and investor reporting packages.
• Reconcile investment activity, capital transactions, and portfolio valuations between accounting records and internal reporting.
• Support quarterly and annual audit processes by coordinating requests from auditors and service providers.
• Partner with the Valuations Team to facilitate quarterly and annual valuation processes.
• Gather and organize portfolio company financials, operating metrics, market data, and supporting valuation documentation.
• Maintain valuation support files and ensure consistency between valuation models and underlying fund records.
• Develop and maintain operational procedures and controls to improve efficiency and accuracy.
• Participate in system implementations, reporting enhancements, and data governance initiatives.
• Identify opportunities to streamline workflows across investment, valuation, and accounting functions.

What You’ll Need:

• Minimum of 3 years of experience in private equity, private credit, hedge funds, fund administration, public accounting, or alternative asset management operations.
• Bachelor’s and master’s degree with major in accounting and/or finance, CPA or CFA preferred
• Strong understanding of private fund structures, investment vehicles, and capital activity.
• Experience working with fund accounting, financial reporting, or investment operations processes.
• Advanced proficiency in Microsoft Excel.
• Strong analytical, organizational, and project management skills.
• Excellent communication skills with the ability to work across multiple stakeholders.

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. 

*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.