Credit Accountant (Direct Lending)

Petra Funds Group is a leading provider of comprehensive fund administration and infrastructure services for both private equity and debt funds. Our mission is to empower fund managers to concentrate on value-adding activities while entrusting us with their administrative and operational needs.

Our team comprises highly skilled professionals across the US and Europe, distinguished by our deep industry experience and commitment to accuracy and timeliness. Our reputation is built on trust, expertise, and meticulous attention to detail. We pride ourselves on our collaborative approach and relentless pursuit of excellence.

Petra’s credit operations compliments the fund administration offering and provides support to private credit managers of all sizes and strategies. This includes a flexible approach to credit middle office operations, loan agency and monitoring services, as well as other pre and post execution support.

• →Serve as the primary contact for credit fund client relationship(s), overseeing engagements from proposal through implementation and ongoing administration.
• →Ensure that client engagements are properly staffed and that team members receive the necessary training to meet both internal and external deliverables.
• →Develop, implement, and maintain processes and procedures to ensure client satisfaction and adherence to deadlines.
• →Review and implement partnership allocation models in line with partnership agreements for a diverse client base.
• →Gain proficiency in key systems through training with the accounting team, focusing on Investran Live (accounting system), Salesforce CRM, and Intralinks.
• →Coordinate and review investor communications, including capital call and distribution notices, as well as capital balance statements.
• →Oversee and review investment transactions within the Investran Live general ledger system.
• →Review and approve management fee calculations, invoices, and journal entries.
• →Oversee the daily and monthly cash reconciliation processes for various credit partnerships and associated portfolio companies.
• →Review fund financial statements and other management reports to ensure accuracy and compliance.
• →Collaborate with the Director to provide strategic direction on various projects, including reviewing materials prepared by staff, such as general ledger entries, quarterly work papers, audit confirmations, limited partner requests, and other ad hoc documents.
• →Review and/or calculate credit fund performance metrics, including gross/net MOIC, IRR, TVPI, RVPI, and DPI.
• →Lead the preparation and review of materials for interim and annual audits of the credit fund partnerships, establishing and maintaining productive relationships with auditors.

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.