Management Company - Accounting Manager

Posted 3 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
102K-153K Annually
Senior level
Fintech • Software • Financial Services
The Role
Manage accounting relationships and full-scope accounting services for a portfolio of private equity and debt fund management company clients. Responsibilities include reviewing close activities, reconciliations, payables, financial statements, vendor payments, audits, and 1099 processes. The role partners with CFOs and controllers, leads client meetings, mentors junior staff, improves processes, supports onboarding, and ensures timely, accurate deliverables across management company, holdings, and GP entities.
Summary Generated by Built In

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:

  • Own the accounting relationship for a portfolio of Petra's Management Company clients, serving as the primary point of contact and trusted advisor to client stakeholders
  • Lead and review the full scope of Management Company Accounting for multiple clients, ensuring accuracy, timeliness, and quality across the team's output
  • Mentor and develop junior accounting staff, providing technical guidance and reviewing their work product
  • Partner directly with client CFOs, controllers, and Fund Administration teams as a senior representative of Petra
  • Drive process improvement initiatives across the Management Company Accounting function
  • Lead client meetings, including presenting financials and fielding questions from client leadership
  • Grow into a broader leadership role within Petra's Management Company Accounting practice


Key Responsibilities:

  • Oversee and review all aspects of Management Company Accounting across an assigned client portfolio, including Holdings and GP-level entities
  • Review and approve calculation and recording of Revenues and Expenses, ensuring proper allocation methodology is applied
  • Oversee client payables processes and third-party vendor payments, ensuring adequate controls
  • Review cash transaction recording and bank reconciliations prepared by staff
  • Review and finalize client financial statements and supporting workbooks at the Management Company, Holdings, and GP levels before client delivery
  • Serve as the senior liaison with Fund Administration teams, maintaining due to manager records and reporting, and resolving escalated issues
  • Oversee Portfolio Company invoice preparation for reimbursement
  • Lead the annual audit and 1099 processes for assigned clients, serving as primary contact for auditors
  • Own closing calendars and client meeting agendas, holding the team accountable to deadlines
  • Identify and implement process efficiencies and best practices across the client portfolio
  • Support onboarding of new clients and staff training on Management Company Accounting processes


What You’ll Need:

  • Bachelor's degree in accounting; CPA preferred
  • 6-8+ years' experience in accounting, with meaningful exposure to Alternative Asset Management, fund administration, or Big Four
  • Prior experience reviewing the work of junior staff and/or direct people management experience
  • Strong understanding of the full accounting close cycle, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E
  • Proficient in accounting systems; prior experience with Sage Intacct a plus
  • Demonstrated ability to manage multiple client relationships concurrently, including presenting to and advising senior client stakeholders
  • Strong organizational, leadership, and communication skills
  • Team-first mentality with a track record of developing others
  • Desire to build and lead a growing accounting function


Salary Range
At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $102,000 - $153,000 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

  • Bachelor's degree in accounting
  • 6-8+ years of accounting experience
  • Meaningful experience in alternative asset management, fund administration, or Big Four
  • Experience reviewing junior staff work or managing people
  • Strong understanding of the full accounting close cycle, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E
  • Proficiency in accounting systems
  • Experience managing multiple client relationships and advising senior stakeholders
  • Strong organizational, leadership, and communication skills
  • Track record of developing others
  • CPA certification
  • Experience with Sage Intacct
Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: New York, New York
282 Employees
Year Founded: 2021

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.

Similar Jobs

Tapestry - Coach and Kate Spade Logo Tapestry - Coach and Kate Spade

Sales Support Associate I

eCommerce • Fashion • Retail • Sales • Wearables • Design
Hybrid
New York, NY, USA
16000 Employees
15-22 Hourly

New York Life Logo New York Life

Chief Of Staff

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
Hybrid
New York, NY, USA
12000 Employees
160K-229K Annually
Hybrid
New York, NY, USA
289097 Employees
Hybrid
2 Locations
289097 Employees

Similar Companies Hiring

Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
60 Employees
Revel Thumbnail
Aerospace • Hardware • Robotics • Software
Marina Del Rey, California
60 Employees
Blee Thumbnail
Artificial Intelligence • Marketing Tech • Software
New York, New York
30 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account