Fund Accounting - Controller

About Petra Funds Group

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. 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 Controller to join our growing team supporting a confidential global private markets investment platform. This is a senior, client-facing leadership role responsible for overseeing the accounting, reporting, and financial operations across a complex portfolio of private investment vehicles. The Controller will act as a key strategic partner to both Petra leadership and the client’s finance organization, ensuring accuracy, transparency, and scalability in financial reporting and operational processes.

The ideal candidate will bring strong technical accounting expertise, deep private markets experience, and proven team leadership skills.

• Lead and oversee all aspects of fund accounting and financial reporting for multiple investment structures, including commingled funds, SMAs, and feeder vehicles.
• Review and approve capital calls, distributions, management fees, allocations, and performance waterfalls in accordance with governing documents.
• Manage quarterly and annual financial reporting, including audit and tax coordination, ensuring accuracy and adherence to U.S. GAAP and partnership agreements.
• Serve as a senior liaison to the client’s finance, investor relations, and operations teams, providing insight and oversight on accounting policies, controls, and process enhancements.
• Supervise and mentor accounting managers and staff; establish clear priorities and ensure quality, timeliness, and accuracy across deliverables.
• Partner with internal and client technology teams to support automation, systems improvements, and scalable infrastructure.
• Contribute to strategic projects such as fund launches, onboarding of new vehicles, and operational process transformation.

• Bachelor’s degree in Accounting, Finance, or related field.
• 10+ years of progressive accounting experience in private equity, fund-of-funds, or alternative asset management.
• Deep understanding of fund structures, capital flows, and partnership accounting principles.
• Proven track record managing accounting teams and external stakeholders.
• Strong analytical, organizational, and communication skills, with the ability to translate technical accounting into actionable insights.

• CPA designation (active or inactive).
• Big Four or fund audit background combined with in-house or fund administration experience.
• Experience supporting high-growth investment platforms or complex multi-manager structures.
• Familiarity with waterfall models, performance metrics (IRR, TVPI, DPI), and investor-level reporting.

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $122,000 - $183,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

• 90% covered medical, dental, and vision insurance premiums.
• Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum for employees enrolled in a high-deductible health plan.
• 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting.
• Flexible paid time off.
• Generous holiday calendar.
• Hybrid work environment offering flexibility and supporting work‑life balance.
• Certified Great Place to Work® culture based on employee feedback.