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.
About The Role:
Our Client is seeking a self-motivated Senior Associate to join their Accounting Operations team in Boston. This position is a part of a growing team that is passionate about implementing processes, driving continuous improvement and delivering results. The Accounting Operations team is a group of functional teams that perform fund operational processes on a centralized basis for all funds using a consistent, standardized approach. As a member of the Accounting Operations team, the Senior Associate supports various Fund Operations teams by performing, on a cross-fund basis: high-volume processing and review activities, tasks downstream of operations team signoff, and other processing functions.
What You Will Do:
- Perform tasks aligned to Accounting Operations, adhering to established timelines and following standardized queries, workflows and templates
- Develop expertise in the assigned functional area, understanding both the depth (knowledge of process) and breadth (knowledge of fund-specific characteristics) and how they impact the process
- Review data entry to operations systems and Excel, run and review reports, perform data reconciliation/validation, and manage system uploads
- Ensure team's compliance with documentation standards applicable to the Accounting Operations team, including creation or review of a standard documentation package clearly evidencing work performed, conclusions reached, and signoff
- Communicate with team leader on any comments on work performed, addressing comments timely, and applying lessons learned to future work product
- Prepare or review ad hoc requests and help with Accounting Operations Team projects related to continuous improvement
- Coordinate client service queries in a timely manner
What You’ll Need:
- Minimum of 3 years of operational or financial service experience
- Experience in Accounting Operations, ideally in private markets
- Strong attention to detail, analytical skills and experience with data reconciliation
- Proficiency in digital literacy (Microsoft Office) with a willingness to learn new systems and applications
- Ability to perform processes across a diverse set of funds, applying knowledge learned in one fund to similar funds within the complex
- Strong technical accounting knowledge
- Experience with Efront and Great Plains accounting software a plus
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.
Skills Required
- Minimum of 3 years of operational or financial service experience
- Experience in Accounting Operations, ideally in private markets
- Strong attention to detail, analytical skills and experience with data reconciliation
- Proficiency in digital literacy (Microsoft Office) with a willingness to learn new systems
- Strong technical accounting knowledge
- Experience with Efront and Great Plains accounting software
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.
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