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Financial Services, Fund Administration, Private Equity

Management Company - Accounting Manager

New YorkHybridFull TimeManager / Head$102,000–$153,000 /yrPosted 1 month agoVisa sponsorship available

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Required skills

  • Management Company Accounting
  • Alternative Asset Management
  • fund administration
  • Big Four
  • General Ledger
  • Accounts Payable
  • Accounts Receivable
  • Fixed Assets
  • T&E
  • Sage Intacct

Nice to have

  • CFO
  • Controller
  • Fund Administration teams
  • auditors
  • 1099

Role summary

Petra Funds Group seeks an Accounting Manager to oversee the accounting relationship for a portfolio of Management Company clients. This role involves leading and reviewing Management Company Accounting processes, mentoring junior staff, and partnering with client CFOs and controllers. The manager will drive process improvements, lead client meetings, and manage audits and 1099 processes. The ideal candidate has 6-8+ years of accounting experience, preferably in Alternative Asset Management or fund administration, with direct people management experience and a strong understanding of the full accounting close cycle. Proficiency in accounting systems like Sage Intacct is a plus. This is a hybrid role with a salary range of $102,000 - $153,000 per year.

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 RangeAt 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.
    • Ready to apply?
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