What are the responsibilities and job description for the Fund Accounting- Assistant Controller (PE-RE) position at Petra Funds Group?
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 of professionals who have 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
Petra Funds Group is seeking a Assistant Controller to be fully dedicated to one of our clients, Canyon Partners Real Estate (CPRE). This is a unique, embedded role in which you will operate as an extension of the client’s internal fund finance team, supporting accounting and reporting across closed-end real estate debt funds. You will partner closely with the client’s Director and CFO while interfacing with third-party administrators and Petra’s broader team. This role is ideal for a fund accounting professional ready to step into a broader ownership position with exposure to complex fund structures, valuation processes, and investor reporting. This position is primarily in-office, requiring four (4) days per week onsite at the client’s office in Dallas, TX.
Responsibilities
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.
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:
We’re proud of many milestones, but we’re especially honored by the recognition we’ve received for our workplace experience:
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 of professionals who have 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
Petra Funds Group is seeking a Assistant Controller to be fully dedicated to one of our clients, Canyon Partners Real Estate (CPRE). This is a unique, embedded role in which you will operate as an extension of the client’s internal fund finance team, supporting accounting and reporting across closed-end real estate debt funds. You will partner closely with the client’s Director and CFO while interfacing with third-party administrators and Petra’s broader team. This role is ideal for a fund accounting professional ready to step into a broader ownership position with exposure to complex fund structures, valuation processes, and investor reporting. This position is primarily in-office, requiring four (4) days per week onsite at the client’s office in Dallas, TX.
Responsibilities
- Serve as a dedicated Assistant Controller embedded within the client’s fund finance organization
- Review quarterly workpapers, financial statements, and investor/partner reporting prepared by third-party administrators
- Oversee and support complex accounting for closed-end real estate debt funds
- Review capital calls, distributions, and investor allocation calculations
- Support management fee, carry, and complex waterfall calculations
- Participate in quarterly fair value processes, including valuation support and coordination
- Assist with liquidity management, including credit facility activity and deal-level funding
- Facilitate foreign currency hedging and related reporting
- Coordinate and support interim and annual audits, including preparation and review of audit materials
- Partner closely with asset management, client solutions group, and other internal stakeholders on reporting and ad hoc requests
- Help build and enhance reporting processes and operational workflows
- Support new product launches and fund structuring initiatives
- Ensure all deliverables are accurate, timely, and aligned with client expectations
- 8–12 years of accounting experience, with a focus on alternative investments
- Experience with real estate, private credit, or private equity fund structures
- Strong understanding of:
- Complex closed-end fund structures, including blockers, aggregators, REITs, etc.
- Fund accounting and NAV review
- Financial statement preparation and review
- Closed end sub-close calculations
- Experience working with or overseeing third-party fund administrators
- Exposure to audit processes and reviewing workpapers
- Advanced proficiency in Microsoft Excel
- Strong organizational skills and ability to manage multiple priorities
- Excellent communication and interpersonal skills
- Undergraduate degree in accounting, finance, or related field, CPA preferred
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.
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.
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.
Salary : $122,000 - $183,000