Credit - Accounting Manager

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 compliment 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 senior point of contact for assigned credit fund clients, owning the relationship from proposal and onboarding through implementation and ongoing administration.
• →Act as a trusted advisor to clients, anticipating needs, escalating risks early, and driving resolution on complex or time-sensitive matters.
• →Design, implement, and continuously improve processes, controls, and procedures that drive client satisfaction, quality, and on-time delivery.
• →Review and approve partnership allocation models, ensuring accurate application of partnership agreement terms across a diverse client base and complex fund structures.
• →Oversee and review investment transactions and activity within the Investran Live general ledger, including credit-specific activity such as loan originations, draws, paydowns, PIK interest, fees, and amendments.
• →Review and approve management fee calculations, invoices, and related journal entries.
• →Oversee daily and monthly cash reconciliation processes across credit partnerships, credit facilities, and related portfolio investments, resolving breaks and escalating exceptions.
• →Review fund financial statements and management reports to ensure accuracy, GAAP compliance, and alignment with client and investor requirements.
• →Review and/or calculate credit fund performance metrics, including gross and net MOIC, IRR, TVPI, RVPI, and DPI, and be able to explain results to clients and investors.

• Bachelor’s degree in accounting, Finance, or a related field.
• 6+ years of fund accounting or related experience in private credit, private equity, or alternative investments.
• Strong working knowledge of US GAAP for investment companies and partnership accounting, including allocation methodologies and waterfall calculations.
• Hands-on experience with private credit structures such as direct lending funds, credit facilities, and loan accounting.
• Proven ability to review limited partnership agreements and translate terms into accounting treatment and allocations.
• Experience calculating and reviewing performance metrics (IRR, MOIC, TVPI, RVPI, DPI).
• Demonstrated client-facing experience, including managing relationships with fund managers and responding to investor inquiries.
• Strong written and verbal communication skills, with exceptional attention to detail and the ability to manage multiple deadlines.
• Advanced Excel skills.

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.