Credit - Operations Associate| Halifax

Petra Funds Group; Halifax; Hybrid; CAD 55,000 - 75,000; Full time

Benefits offered by this job

Hybrid work environment

RRSP employer match

Flexible PTO

Comprehensive benefits

Job summary

Petra Funds Group is seeking a Credit Operations Associate to support operational, accounting, and reporting functions for private credit funds and related vehicles. You will work closely with investment, finance, and investor relations teams to ensure accurate processing of fund transactions and timely reporting.

The ideal candidate has 3+ years of accounting experience, strong US GAAP knowledge, and advanced Excel skills. A CPA is a plus.

Qualifications

• 3+ years of accounting experience, preferably with private equity, partnerships, or alternative assets.
• Ability to work in a dynamic, fast-paced environment and manage multiple projects.
• Strong Excel skills and ability to build advanced spreadsheets.
• Solid understanding of US GAAP and familiarity with fund accounting.
• Excellent analytical, planning, and interpersonal skills.

Responsibilities

• Maintain client investment book of record by processing loan activity and related cash flows.
• Review loan documents to settle trades in the portfolio system.
• Reconcile portfolio cash and positions daily.
• Monitor covenants and compliance reporting deliverables.
• Assist with audits and regulatory reporting and support fund administration activities.

Skills

Accounting experience

US GAAP knowledge

Advanced Excel

Attention to detail

Communication skills

Team oriented

Education

Undergraduate degree in accounting/finance/business

CPA is a plus

Tools

Allvue Investment Accounting

Job description

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.

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 North America and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who've 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 Credit Operations Associate plays a key role in supporting the operational, accounting, and reporting functions for private credit funds and related investment vehicles. This individual works closely with investment, finance, and investor relations teams to ensure the accurate processing of fund transactions, maintenance of portfolio data, and timely delivery of financial and investor reporting. Responsibilities include overseeing cash activity, loan funding and repayment processes, portfolio monitoring, reconciliations, fund administration oversight, and supporting audits and regulatory reporting. The ideal candidate combines strong attention to detail, analytical problem-solving skills, and a solid understanding of private credit fund structures and operations. Experience with private debt funds, fund administration, accounting, or financial services operations is highly preferred.

What You'll Do

• Maintain client investment book of record by processing all loan activity including trades, borrowings, payoffs and coupon payments
• Review applicable loan documents (e.g. credit agreements, indentures, trade confirmations) to establish and settle trades in the portfolio monitoring system
• Reconcile portfolio cash and positions on a daily basis
• Track loan covenant and compliance reporting deliverables
• Maintain loan accruals and cashflow projections
• Generate and deliver invoices related to loan activity
• Support performance reporting for client investments and portfolios
• Collaborate with fund administration teams to facilitate periodic accounting system integration
• Coordinate with clients to facilitate deal closings and other portfolio activity (e.g. deal team, treasury, accounting)
• Coordinate with third party support teams (e.g. trade settlements, agents, administrators)
• An understanding US GAAP and experience with Allvue Investment Accounting or similar is beneficial but not required

What You'll Need

• At least 3 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets
• Ability to work in a dynamic, fast-paced environment
• Ability to handle multiple projects and meet deadlines
• Detail-oriented with the ability to complete tasks promptly
• Willingness to take on additional ad-hoc tasks and projects
• Ability to build and maintain advanced spreadsheets using Microsoft Excel
• An understanding US GAAP and experience with Allvue Investment Accounting or similar is beneficial but not required
• Excellent analytical and planning skills
• Strong interpersonal, communication, and organizational skills with a team approach
• Must possess unquestionable integrity and ethics
• Undergraduate degree in accounting, finance, or business
• CPA is a plus but not required

Salary Range

At Petra Funds Group, competitive compensation will be commensurate with qualifying 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.
• Registered Retirement Savings Plan (RRSP) 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(R), based on direct feedback from our employees about trust and overall culture.
• Fortune Best Medium WorkplacesTM and Best Financial Services & Insurance WorkplacesTM, highlighting our commitment to building an environment where people thrive.