Credit Operations Manager

Socket.dev; New York (NY); On-site; USD 130,000 - 210,000; Full time

Job summary

Petra Funds Group is a trusted provider for fund administration and infrastructure for Private Equity and Debt Funds. We enable fund managers to focus on value-added tasks while we handle the rest with precision.

The Credit Operations Manager will join the Credit Operations Team and bring 5–8 years of credit investment operations experience to oversee liquidity management, loan operations, and data integrity across funds.

Qualifications

• 5–8 years of experience in credit investment operations.
• Experience supporting liquidity management and trade settlements.
• Strong knowledge of credit products, financing facilities, and investor reporting.

Responsibilities

• Oversee daily liquidity across multiple funds and cash management.
• Manage collateral, margin processes, and interest payments.
• Coordinate ABL facility closings, amendments, extensions, and covenant compliance.
• Support trade allocations, loan settlements, and investment servicing.
• Prepare investor reporting and assist NAV close and P&L reconciliations.
• Lead onboarding of counterparties and KYC documentation.

Skills

Credit ops

Liquidity mgmt

Loan ops

Portfolio monitoring

Data integrity

Regulatory compliance

Job description

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.

What You Will Do:

Our client is seeking a diligent and detail-oriented Credit Operations Manager to join their Credit Operations Team. The ideal candidate will have 5–8 years of experience in credit investment operations and will support the operational infrastructure of the firm's private credit platform, with responsibility for liquidity management, loan operations, portfolio monitoring, fund accounting support, and investment data integrity. This role requires strong knowledge of credit products, financing facilities, investment servicing, and the ability to collaborate across Investment, Treasury, Legal, Compliance, Fund Accounting, Investor Relations, and external counterparties. Experience with loan administration and maintaining investment data integrity is highly preferred.

Liquidity & Facility Management

• Oversee daily liquidity across multiple funds, including ABL borrowing bases, subscription line availability, and cash management to support investment activity and trade settlements.
• Manage collateral and margin processes, including daily monitoring, margin calls, collateral resets, and interest payments.
• Coordinate ABL facility closings, amendments, extensions, and covenant compliance with legal counsel, lenders, treasury, and fund accounting.
• Support derivatives operations, including TRS, FX hedging, and other financing activities.

Loan Operations & Trade Support

• Manage trade allocations, loan settlements, and investment servicing across multiple funds.
• Coordinate corporate actions, restructurings, and liability management transactions with fund administrators, custodians, tax advisors, and internal teams.
• Maintain credit agreement data integrity by reconciling executed loan documentation with portfolio management systems.

Counterparty Management

• Serve as the primary operational contact for banking partners, financing counterparties, custodians, and derivatives providers.
• Lead counterparty onboarding, KYC documentation, regulatory compliance, and operational due diligence.
• Support governance and reporting for the firm's Counterparty Oversight Committee.

Portfolio Monitoring & Fund Operations

• Maintain portfolio monitoring dashboards, interest accruals, SOFR repricing workflows, valuation reconciliations, and portfolio analytics.
• Support quarterly valuation processes through pricing reviews, third-party valuation coordination, and reconciliation of internal and administrator marks.
• Build and maintain investment realization tracking and Gross IRR reporting.

Fund Accounting & Investor Reporting

• Prepare and reconcile portfolio data for quarterly investor reporting and Limited Partner deliverables.
• Support monthly NAV close and P&L reconciliations with external fund administrators.
• Partner with Investment, Investor Relations, and Fund Accounting teams on fundraising support, LP due diligence requests, board materials, and quarterly reporting packages.
• Review the Schedule of Investments and other financial reporting deliverables for accuracy and completeness.