Credit Accountant
About The Position
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. About The Role: Our Client is seeking a Credit Accountant to play a key role in the day-to-day accounting, quarterly close, and investor reporting processes for the firm’s rapidly expanding credit platform. This role offers meaningful exposure to fund performance and portfolio activity, including how underlying investment activity and portfolio company performance drive fund-level results, and will interface regularly with the Investment, Investor Relations, Legal, Tax, Treasury and Operations teams. This position also provides the opportunity to lead process improvements and implement workflow automation using enterprise AI tools to enhance efficiency and scalability across the platform.
Requirements
- Bachelor's degree in Accounting, Finance, Economics, or related field
- 2-4 years of relevant experience with a leading public accounting firm, fund administrator or investment advisor, preferably with exposure to private credit, private equity, or closed-end fund structures
- CPA strongly preferred
- Demonstrated interest in leveraging technology and AI tools (e.g., ChatGPT, Claude, Copilot) to improve workflows
- Knowledge of credit products, closed-end funds, subscription facilities and asset-backed leverage preferred
- Advanced knowledge of Microsoft Excel and other Microsoft Office products
- Strong analytical and problem-solving abilities, attention to detail, and ability to work with complex financial data
- Excellent written and verbal communication skills
- Self-starter that is motivated to succeed and eager to learn
- Strong commitment to maintaining confidentiality and ethical standards.
Responsibilities
- Support and execute the quarterly close and investor reporting cycle, including preparation of gross and net return metrics
- Prepare allocation files and notices for capital calls and distributions
- Validate expense allocation to the funds and reimbursements to the management company
- Review quarterly management fee files, capital account and financial statements, as prepared by TPA
- Support TPA with requests for settlement info, agent bank notices, etc.
- Coordinate with loan administrator for missing support
- Assist with and respond to ad hoc requests from LPs, IR and investment team
- Own the request list for external fund audits
- Coordinate completion of LP auditor audit confirmations with TPA
- Post all applicable reporting to the investor portal
- Track investor transfers and maintain contact information in the investor portal
- Drive continuous improvement initiatives across reporting, reconciliation, and data management processes using enterprise-licensed AI tools (e.g., ChatGPT, Claude, Copilot)
- Work directly with the Investment, Operations, Legal, Management Company, Tax, and Treasury teams
Benefits
- 90% covered medical, dental, and vision insurance premiums
- Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum
- 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting
- Flexible paid time off
- Generous holiday calendar
- Hybrid work environment
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
