Credit Portfolio Associate

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.

• →Serve as the primary user and owner of data integrity for the firm’s portfolio monitoring system, ensuring accuracy, completeness, and consistency of all issuer-level data across the platform
• →Onboard new credits into the firm’s portfolio management systems upon close, capturing deal terms, financial covenants, reporting obligations, and key contact information as directed
• →Build and maintain the borrower compliance calendar for each credit, mapping financial reporting deadlines, covenant testing dates, and lender call schedules
• →Populate the initial RAG scorecard and baseline credit profile for each new issuer using the criteria and benchmarks set by the Head of Portfolio Management
• →Ensure executed credit agreement terms, amendments, and side letters are accurately reflected in monitoring records, coordinating with the deal team
• →Track and test financial maintenance covenants (leverage, coverage, liquidity, and other as applicable) on each testing date, comparing reported figures against credit agreement thresholds
• →Maintain a covenant compliance log for each issuer, documenting test results, waiver history, and amendment-driven threshold changes
• →Support the deal team and Head of Portfolio Management on covenant modifications, waiver requests, and amendments; track and record outcomes
• →Identify and surface material changes in revenue, EBITDA, leverage, liquidity, and other KPIs; prepare issuer-level performance summaries for the Head of Portfolio Management’s review
• →Maintain issuer financial data in the portfolio management system and supporting systems, ensuring accuracy and completeness of historical records
• →Assign, prioritize, and direct the vendor team’s workload to align with reporting deadlines, covenant testing dates, and quarterly cycles
• →Review outsourced deliverables for accuracy and completeness before they feed into monitoring, reporting, and valuation; provide feedback and corrective direction as needed
• →Prepare pre-call briefing materials for recurring lender calls and borrower management updates, drawing on the latest financial data and covenant status
• →Participate in lender calls; capture key takeaways, management guidance changes, and follow-up items, and distribute post-call summaries as directed
• →Track open follow-up items from lender calls and management meetings through to resolution
• →Support coordination between Portfolio Management and the deal team on credit developments, amendment discussions, and escalation items
• →Maintain the firm’s RAG (Red / Amber / Green) credit scorecard across all portfolio names, updating inputs each reporting cycle based on financial performance, covenant status, and qualitative developments
• →Compile issuer-level data for each quarterly valuation cycle, assembling financial performance packages, covenant status, and qualitative updates for the third-party valuation firm

• 3–5 years of experience in private credit, direct lending, leveraged finance, credit analysis, or a related function within an asset manager, BDC, credit fund, or lending institution
• Bachelor’s degree in Finance, Economics, Accounting, or a related field required; CFA progress a plus
• Foundational understanding of credit agreements, financial covenants, and borrower financial statements, with a strong desire to deepen and broaden credit skills over time
• Solid financial statement analysis skills; able to spread borrower financials accurately and follow analytical direction
• Intellectual curiosity and a genuine appetite to learn across multiple credit products — leveraged finance, working capital finance, trade finance, and future strategies — as the platform expands
• Adaptable and growth-oriented, with the ambition to develop into a broader portfolio management role over time
• A data-first mindset — treats accurate, well-structured data as the foundation of sound credit decisions and takes ownership of data quality
• Resourceful, creative problem-solver comfortable operating in a lean, resource-constrained, “day-one” environment; able to build solutions from scratch and think outside the box rather than rely on established infrastructure
• Ability to direct, train, and coordinate support staff or an offshore vendor team; prior experience overseeing outsourced or junior resources a plus
• Strong attention to detail, reliability in executing recurring deliverables, and the ability to take and follow direction from an experienced portfolio manager
• Comfortable participating in lender calls and preparing supporting materials; able to communicate credit information clearly
• Familiarity with portfolio management systems used in private credit or direct lending contexts a plus
• High organizational capacity to manage many concurrent issuer relationships and deadlines

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.