Finance Controller (Financial Technology)

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 Controller 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:

Lead quarterly and annual closes for assigned fund entities, including flagship funds, co-investment vehicles, GP entities, and employee investment vehicles.
Prepare and review financial statements, journal entries, reconciliations, and supporting schedules.
Prepare and review management fee calculations, capital allocations, carried interest, and waterfall calculations.
Analyze investor transactions, commitment changes, capital account activity, and complex partnership accounting matters.
Research and resolve technical accounting issues and prepare ad hoc analyses for management, legal, tax, treasury, and investor reporting.
Ensure accounting complies with US GAAP, partnership agreements, side letters, and internal policies.
Manage capital calls, distributions, investment funding, and cash forecasting.
Support fund closings, investor onboarding, commitment changes, side letter implementation, and GP activities.
Coordinate portfolio company transactions and wire activity.
Partner closely with Petra to execute recurring fund operations accurately and on schedule.
Proactively identify issues, recommend solutions, and drive execution through completion.
Coordinate annual audits and quarterly reviews.
Prepare and review audit support schedules and respond to auditor requests.
Coordinate partnership tax reporting, Schedule K-1 support, and tax deliverables.
Work closely with external auditors, tax advisors, and legal counsel on technical matters.
Improve accounting processes, documentation, and internal controls.
Participate in finance transformation initiatives and system enhancements.
Leverage technology and automation to improve efficiency while maintaining appropriate controls.
Support new investments, exits, co-investments, fund launches, restructurings, and other strategic initiatives.
Serve as a trusted accounting resource for complex transactions and ad hoc projects.

Qualifications

10+ 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.