Internal Controls, Senior Associate

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.

The Senior Internal Auditor at Petra plays a critical role in strengthening the firm’s internal control environment, compliance framework, and operational excellence. This position works directly with the Director of Internal Audit to execute and support three primary audit functions: contracts and billing compliance, internal process audits, and quality of work product reviews. The role is responsible for evaluating adherence to engagement letter terms, ensuring invoicing accuracy, reviewing internal workflows for control effectiveness, and assessing the quality and consistency of client deliverables.

The Senior Internal Auditor will also assist with internal access tracking and control oversight. Success in this role requires strong audit experience, exceptional attention to detail, disciplined documentation practices, and the ability to assess risk with professional skepticism. The ideal candidate is analytical, organized, and committed to maintaining Petra’s high standards of accuracy and integrity.

What You’ll Do

Review engagement letters and contractual agreements to ensure operational compliance with stated terms.

Audit invoicing processes to confirm billing accuracy and alignment with contract terms.

Identify discrepancies between contract requirements and operational execution, and document findings with clear support.

Evaluate internal processes and workflows to assess control effectiveness, consistency, and risk exposure.

Perform quality reviews of client deliverables to ensure adherence to firm standards and engagement requirements.

Prepare detailed audit work papers and documentation supporting conclusions and recommendations.

Assist in monitoring remediation efforts and tracking corrective action plans.

Support periodic internal system access reviews to ensure appropriate controls and segregation of duties.

Collaborate with department leaders to understand processes and identify opportunities for improvement.

Assist the Director of Internal Audit with audit planning, risk assessments, and development of testing procedures.

Participate in ad hoc projects, special reviews, and cross‑functional initiatives as needed.

What You’ll Need

At least 3–6 years of audit experience (internal or external audit required).

Strong understanding of internal controls, risk assessment, and compliance principles.

Exceptional attention to detail with a strong focus on documentation integrity.

Ability to work independently while collaborating closely with senior leadership.

Strong analytical and critical thinking skills.

Ability to manage multiple projects and meet deadlines.

Excellent written and verbal communication skills.

Ability to handle sensitive and confidential information with professionalism.

Willingness to take on additional ad‐hoc tasks and projects.

Undergraduate degree in accounting, finance, or business.

Experience in fund administration, private equity, partnerships, or alternative asset environments is preferred but not required.

CPA is a plus but not required.

Salary Range
At Petra Funds Group, competitive compensation will be commensurate with qualifying 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…