Hybrid Credit Accounting Manager – BDC Funds

Petrafundsgroup; New York (NY); Hybrid; USD 130,000 - 180,000; Full time

Benefits offered by this job

Health insurance

HSA contributions

401(k) match

Flexible PTO

Hybrid work environment

Generous holiday calendar

Job summary

Petra Funds Group is seeking a Credit Accounting Manager to lead fund accounting operations for a portfolio of Business Development Companies (BDCs). You will own the full accounting lifecycle, including NAV oversight, portfolio valuation support, investor reporting, and regulatory compliance with the 40 Act.

You will manage a team of fund accountants/analysts, collaborate with fund administrators, auditors, and tax advisors, and drive improvements in accuracy, efficiency, and scalability of

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 6+ years of fund accounting experience with exposure to BDCs or private credit vehicles.
• Strong working knowledge of the '40 Act and BDC regulatory/reporting requirements.
• Experience with NAV oversight, portfolio valuation, and credit facility compliance.
• People management experience (direct reports).
• Strong understanding of US GAAP as applied to investment companies/credit funds.
• Experience working with fund administrators and external auditors.

Responsibilities

• Oversee day-to-day fund accounting operations for a portfolio of BDCs, including senior secured loans, unitranche, mezzanine, and other private credit instruments.
• Manage NAV calculation process and review for monthly/quarterly close cycles.
• Support portfolio valuation processes with valuation committees, third-party firms, and investment teams.
• Ensure compliance with the 1940 Act and BDC regulatory requirements.
• Prepare and review financial statements, investor reporting packages, and regulatory filings (e.g., Form 10-K, 10-Q, N-2).
• Manage relationships with fund administrators, external auditors, custodians, and tax advisors.
• Lead, mentor, and develop a team of fund accountants/analysts.
• Oversee credit facility compliance, covenant monitoring, and borrowing base calculations.
• Partner with investor relations on investor reporting deliverables, capital calls, and distributions.
• Support audit processes and PBC item coordination.
• Identify and implement process improvements for accuracy, efficiency, and scalability.
• Stay current on US GAAP and regulatory changes for BDCs and private credit vehicles.

Skills

Fund accounting

NAV oversight

Portfolio valuation

US GAAP

People management

Education

Bachelor's degree in Accounting/Finance

Job description

Petra Funds Group is seeking a Credit Accounting Manager to lead fund accounting operations for a portfolio of Business Development Companies (BDCs). You will own the full accounting lifecycle, including NAV oversight, portfolio valuation support, investor reporting, and regulatory compliance with the 40 Act.

You will manage a team of fund accountants/analysts, collaborate with fund administrators, auditors, and tax advisors, and drive improvements in accuracy, efficiency, and scalability of