Tax Manager (PE-RE)

About Us

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 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 have spent years working inside of asset managers is what truly 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:

This role sits directly with one of Petra's clients, an established alternative investment manager with a long-standing real estate investment platform. The firm takes a fundamental, value-oriented approach to investing and operates across real estate debt and equity strategies, including complex joint ventures, closed-end and open-end funds, and opportunistic investments.

The Tax Manager will work closely with senior tax leadership and the broader accounting and asset management teams, with responsibility across joint venture, fund, property, and management company tax accounting and compliance. This is a hands-on role requiring strong partnership tax knowledge, real estate expertise, and the ability to oversee complex tax reporting across a sizable investment portfolio.

Responsibilities:

Fund & Property Tax Reporting

• Review quarterly and year-end reporting packages prepared by property managers, CPA firms, and joint venture partners across a portfolio of 50+ properties.
• Prepare year-end tax projections, tax estimates, and K-1 estimates.
• Review tax workpapers, tax returns, and payment vouchers prepared by third-party CPA firms.
• Review and monitor 704(b) and tax capital accounts for both closed-end and open-end funds.
• Ensure timely filing of tax returns, notices, and payments.

Tax Accounting & Compliance

• Prepare annual ASC 740 reporting packages and related tax provision calculations.
• Maintain joint venture entity and fund-level tax leverage analyses, registers, and supporting schedules.
• Monitor REIT and Opportunity Zone compliance processes, including review of related compliance workpapers.
• Assist with tax withholding compliance, including E&P calculations and review of Form 1042 filings.
• Prepare and/or review responses to tax notices received from federal, state, and local agencies.
• Research technical tax matters and prepare supporting memoranda as needed.

Partnership Tax & Fund Economics

• Maintain and review complex partnership tax allocations across fund and joint venture structures.
• Reconcile book-to-tax differences and maintain 704(b) and tax capital accounts.
• Create, maintain, and update advanced Excel-based tax waterfall models.
• Support tax planning and analysis across fund structures and investment vehicles.

Investor & Cross-Functional Support

• Assist with investor inquiries related to tax estimates, projections, and reporting.
• Partner closely with the Asset Management team on tax matters and ad hoc requests.
• Coordinate with third-party CPA firms, property managers, joint venture partners, and other external service providers.
• Work collaboratively across Tax, Accounting, Asset Management, and other internal teams to ensure accurate and timely reporting.

Qualifications:

• 7+ years of progressive tax accounting experience, with meaningful experience in the real estate industry and complex investment fund structures.
• CPA required.
• Advanced knowledge of partnership taxation.
• Experience preparing and reviewing tax workpapers and tax returns, including reconciliation of book-to-tax differences.
• Hands-on experience maintaining 704(b) and tax capital accounts for closed-end and open-end funds.
• Experience with real estate joint ventures, fund structures, REITs, and/or Opportunity Zone investments.
• Experience with ASC 740 tax provision reporting.
• Advanced Excel skills, including the ability to create and maintain complex tax waterfall models.
• Ability to manage multiple priorities and deadlines across a complex investment platform.
• Detail-oriented, organized, and proactive, with a high level of ownership.
• Clear written and verbal communication skills and the ability to work effectively across internal teams and external partners.

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 - $153,000per 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.