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 Senior Accountant to join their Team. This individual will be responsible for the accounting, financial reporting, and portfolio monitoring functions supporting the firm's credit strategy. This role partners closely with the finance and operations team, third-party fund administrators, auditors, and deal teams to ensure accurate and timely accounting across a portfolio of credit investments tied to large, complex technology and government-services transactions. This is a strong fit for a candidate who has operated within a larger, more institutionalized private credit or private equity finance function and is looking to take on a critical role within a best-in-class platform.
Responsibilities:
- Manage day-to-day accounting for a portfolio of senior secured, unitranche, and structured credit investments, including interest accrual, PIK/OID amortization, and fee income recognition.
- Prepare and review monthly, quarterly, and annual financial statements and investor reporting for credit fund vehicles, in coordination with the third-party fund administrator.
- Monitor credit facility draws, borrowing base certificates, covenant compliance, and interest rate resets across the credit portfolio.
- Support cash management, capital call and distribution processing, and treasury operations across multiple credit fund entities and co-investment vehicles.
- Partner with deal teams and capital markets on the onboarding of new credit investments, ensuring accurate setup of new positions in accounting and portfolio monitoring systems.
- Lead or support the year-end audit process for credit vehicles, including preparation of audit schedules, supporting documentation, and coordination with external auditors and tax advisors.
- Support NAV calculations, management fee computations, and waterfall mechanics for credit fund structures, partnering with the fund administrator as needed.
- Assist in enhancing accounting processes, controls, and reporting infrastructure to support the continued growth of the credit platform.
- Respond to investor due diligence requests and support quarterly and annual investor reporting deliverables for the credit strategy.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field.
- 5–8+ years of accounting experience within a private credit, direct lending, or private equity credit platform, or a fund administrator serving similar clients.
- Strong understanding of loan-level accounting mechanics (PIK, OID, amortization schedules, unitranche and first lien/second lien structures).
- Experience coordinating year-end audits for private credit or private equity fund vehicles.
- Advanced Excel skills; experience with fund accounting or portfolio management systems (e.g., Investran, eFront, Allvue, or similar).
- High attention to detail and strong organizational skills, with the ability to manage multiple priorities in a fast-paced, institutional environment.
- Big Four or national accounting firm audit background with private equity or private credit fund clients.
- Prior experience at a large-cap private equity firm's credit platform, BDC, or direct lending manager.
- Familiarity with government services, aerospace & defense, or technology-focused investment portfolios.
- Exposure to capital call/distribution mechanics, waterfall structures, and management fee/carry calculations at scale.
Salary Range:
At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $130,000 - $180,000 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 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®, 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.
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