Senior Fund Accountant (DCS)

The posting, as Petra Funds Group wrote it

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

This role sits directly with one of Petra's clients, an established alternative investment manager that runs private equity/buyout funds, credit funds, and deal-by-deal co-investment vehicles and SPVs. The client's day-to-day fund accounting is performed by a third-party administrator, but the firm retains full ownership of review, technical accounting positions, and everything that goes out to investors, auditors, and tax authorities. This hire is one of two being added to build out that internal review function from the ground up, working shoulder to shoulder with the client's Controller and broader team.

The Senior Fund Accountant owns the accuracy and timeliness of all fund accounting deliverables for an assigned group of funds and co-investment vehicles. Initially, this person will focus primarily on the various co-invest entities and legacy funds, with the role expected to grow over time. This is not a pass-through position: the Senior Fund Accountant is expected to independently recompute, challenge, and sign off on everything that touches their entities, serving as the first level of review over administrator-prepared work product.

Responsibilities

Capital Activity

• Prepare all capital activity, either in-house or by kickstarting and reviewing the administrator's process.
• Build and validate investor-level allocations of called and distributed amounts in line with the LPA, side letters, and subsequent closes.
• Review and tie out investor notices and statements against the underlying model and GP cover letter.
• Confirm notice dates, funding due dates, and wire instructions are consistent across all documents.
• Coordinate the wire package with the administrator and track funding receipt through resolution.
• Maintain a clean audit trail across models, approvals, notices, and funding confirmations.

Manager Expense Reimbursement

• Review invoices against supporting documentation, vendor, amount, period, and GL coding.
• Determine fund vs. manager vs. shared expense classification against the LPA, side letters, and firm expense policy.
• Perform high-level reasonableness checks on allocations and flag recurring or unusual items to the Controller.

Treasury & Cash Management

• Input and release wires for distr

[…]
e of a fund accounting platform (Investran, eFront, Allvue, Geneva, or similar) and of Sage or QuickBooks.

• Prior experience reviewing outsourced administrator work product; experience with Petra and/or Northern Trust is a distinct plus.
• Comfort using AI platforms to work more efficiently.

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 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.