Credit - Accounting Manager

Petra Funds Group; New York (NY); Hybrid; USD 102,000 - 153,000; Full time

Benefits offered by this job

90% covered medical, dental, andvision

Fully funded Health Savings Account (H

401(k) employer match up to 5% with 1:

Job summary

Petra Funds Group is seeking a Senior Fund Accountant specializing in credit fund administration to lead client relationships from onboarding through ongoing administration. You will review fund activity, GAAP reporting, and performance metrics for a diverse client base.

Applicants should have 6+ years in fund accounting within private credit or private equity, strong Excel skills, and experience with Investran Live. Hybrid work and competitive compensation offered.

Qualifications

• 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.

Responsibilities

• 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.

Skills

Fund accounting

Private credit / private equity

US GAAP

Advanced Excel

Client relationship management

Attention to detail

Education

Bachelor’s degree in accounting, Finance, or related field

Tools

Investran Live

Microsoft Excel

Job description

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.

Responsibilities:

• 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.

Qualifications:

• 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.

S alary 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 - $153,000 per 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 t hat 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.