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Petra Funds Group Verified
Financial Services, Fund Administration, Private Equity

Fund Accountant

Toronto, ONOnsiteFull TimeEntry-level (exp-based)Posted 2 months ago

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Required skills

  • accounting
  • private equity
  • partnerships
  • alternative assets
  • capital calls
  • distributions
  • financial statements
  • performance metrics
  • cash reconciliations
  • management fee calculations

Nice to have

  • Investran
  • Workday
  • CRM platforms

Role summary

Petra Funds Group seeks a Fund Accountant for a client-facing role in private equity fund administration. This hands-on position is ideal for an early-career accountant looking to grow in the alternative investment space. Responsibilities include preparing capital calls, distributions, financial statements, and performance metrics. The role involves direct client interaction, auditor coordination, and utilizing industry tools like Investran and Workday. Success requires strong analytical, Excel, and communication skills, with a preference for experience in private equity or partnership accounting. The company offers a supportive environment and a clear path for advancement.

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for 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 North America and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who've spent years working with asset managers is what 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.

The Role:

This is a hands-on, client-facing role on one of Petra’s private equity fund services teams—ideal for someone early in their accounting career who’s excited to grow quickly in the alternative investment space. You’ll become a subject matter expert in fund structures and portfolio activity as you prepare capital calls, distributions, financial statements, performance metrics, and more. It’s a fast-paced environment with direct exposure to clients, investors, and auditors, plus the opportunity to work with industry tools like Investran and Workday. You’ll collaborate closely with a smart, supportive team that values precision, ownership, and continuous learning. This role offers a clear path for advancement and the chance to build a highly sought-after skill set in private equity fund accounting.

What You’ll Do:

  • Prepare and/or review capital contribution and distribution calculations, management fee calculations, monthly cash reconciliations and supporting schedules.
  • Prepare and review quarterly incentive allocation models for the partnerships based on the terms outlined within the partnership agreements.
  • Prepare the partnerships’ financial statements on a quarterly/annual basis (Statements of Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, Cash flows and Footnotes). This will also include supplemental management reports, such as performance metrics.
  • Input investment and expense wires.
  • Prepare quarterly invoices for portfolio companies
  • Prepare materials for the interim and annual audit of the partnerships and establish a working relationship with the auditors.
  • Coordinate the communication of investor notices, including distributions, capital calls, and capital balances via the clients’ investor portal application.
  • Work closely with the client to answer investor inquiries and requests in relation to responsible partnerships.
  • Manage timelines established with the client to ensure agreed-upon deliverables are being met. This also includes participating in weekly external calls to stay current with the client's ongoing needs and requests, including capital activity requirements at the fund and portfolio company levels.
  • Obtain a working knowledge of all key systems, including Investran (accounting system), Workday and CRM platforms

    • What You’ll Need:

  • At least 1-2 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets
  • Ability to work in a dynamic, fast-paced environment
  • Ability to handle multiple projects and meet deadlines
  • Detail-oriented with the ability to complete tasks promptly
  • Willingness to take on additional ad-hoc tasks and projects
  • Ability to build and maintain advanced spreadsheets using Microsoft Excel
  • Knowledge of Investran is a plus but not required
  • Excellent analytical and planning skills
  • Strong interpersonal, communication, and organizational skills with a team approach
  • Must possess unquestionable integrity and ethics

    • 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:

  • 100% covered medical, dental, and vision insurance premiums to help you stay healthy without financial strain.
  • Registered Retirement Savings Plan (RRSP) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting, so you start building long-term savings right away.
  • Generous holiday calendar to ensure you have time to rest, reflect, and celebrate throughout the year.

    • *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?
    You'll be redirected to Petra Funds Group's application page.

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