Management Company - Senior Accountant

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:

• Develop your accounting, managerial, and leadership skills while maintaining the books and records of Petra’s Management Company clients

• Gain exposure to private equity and credit clients of varying size, investment strategies, and complexity

• Serve as an extension of Petra’s client’s teams and function as a trusted business partner

• Deliver high quality accounting and operational support that adds value to Petra and its clients

• Grow your career as part of a highly collaborative team within Petra

• Attend and actively participate in client meetings

Key Responsibilities:

• Support multiple clients with all aspects of Management Company Accounting

• Calculate and record Revenues and Expenses as appropriate

• Ensure proper allocations and process client payables for third party vendors

• Record inbound and outbound cash transactions and reconcile bank statements

• Prepare client financial statements and supporting workbooks at Management Company, Holdings, and GP levels

• Actively partner with Fund Administration teams, maintaining due to manager records and reporting

• Prepare Portfolio Company invoices for reimbursement

• Support annual audit & 1099 processes for clients

• Prepare closing calendars and client meeting agendas

What You’ll Need:

• Bachelor’s degree in accounting

• 3-5 years’ experience preferably at an Alternative Asset Management firm

• Solid understanding of the accounting close cycle and underlying processes including concepts around General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and T&E

• Proficient in accounting systems; prior experience with Sage Intacct a plus