About Us
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 US 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.
Petra Funds Group is seeking a Finance Manager to be fully dedicated to one of our clients, a growth equity firm with over $10B in assets under management. This is a unique, embedded role where you will operate as an extension of the Client's internal finance team, supporting fund accounting, reporting, and operational processes across multiple investment vehicles.
In addition to core fund accounting responsibilities, this role offers the opportunity to help modernize finance workflows through the application of AI and automation tools. You will partner closely with the Client's Head of Finance, Petra’s fund administration team, and external service providers to ensure accurate reporting while identifying opportunities to improve efficiency and scalability.
This position is based in New York City and requires regular in-office presence (approximately 90% onsite).
What You Will Do:
- Serve as a dedicated Finance Manager embedded within the Client's Capital’s finance organization
- Own day-to-day fund accounting, including NAVs, allocations, and capital account maintenance
- Support capital calls, distributions, and waterfall calculations across fund vehicles
- Prepare and review quarterly and annual financial statements and investor reporting deliverables
- Coordinate LP reporting to ensure accuracy, consistency, and timeliness
- Partner with Petra’s fund administration team on accounting workflows and deliverables
- Liaise with external auditors and tax advisors to support audits and tax filings
- Assist with tax reporting processes, including K-1 coordination
- Identify opportunities to improve fund accounting workflows and reduce manual processes
- Apply AI and automation tools to streamline tasks such as reconciliation, reporting, and data management
- Partner with finance and technology stakeholders to enhance systems and processes
- Support documentation and rollout of new tools and workflows across the team
Qualifications
- 5+ years of accounting experience, preferably within private equity, credit, or financial services
- Strong understanding of:
- Fund accounting and NAV processes
- Capital accounts and investor allocations
- Waterfall calculations and fund structures
- Experience working with or alongside fund administrators
- Demonstrated use of AI or automation tools to improve workflows in a professional setting
- Strong Excel skills and comfort working with large datasets
- Ability to identify inefficiencies and drive process improvements
- Strong organizational skills and ability to manage multiple priorities
- Excellent communication and collaboration skills
- Experience with Investran or similar fund accounting systems
- Familiarity with Sage Intacct or comparable GL platforms
- Background in private equity or growth equity funds
- Big Four (asset management) experience
- CPA or progress toward certification
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.
