Credit Accountant (Direct Lending)
About The Position
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 compliments 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.
Requirements
- Proficiency in Investran Live (accounting system), Salesforce CRM, and Intralinks.
- Experience with credit fund performance metrics calculation (gross/net MOIC, IRR, TVPI, RVPI, and DPI).
- Experience in preparing and reviewing materials for interim and annual audits of credit fund partnerships.
- Ability to establish and maintain productive relationships with auditors.
Responsibilities
- Serve as the primary contact for credit fund client relationship(s), overseeing engagements from proposal through implementation and ongoing administration.
- Ensure that client engagements are properly staffed and that team members receive the necessary training to meet both internal and external deliverables.
- Develop, implement, and maintain processes and procedures to ensure client satisfaction and adherence to deadlines.
- Review and implement partnership allocation models in line with partnership agreements for a diverse client base.
- Gain proficiency in key systems through training with the accounting team, focusing on Investran Live (accounting system), Salesforce CRM, and Intralinks.
- Coordinate and review investor communications, including capital call and distribution notices, as well as capital balance statements.
- Oversee and review investment transactions within the Investran Live general ledger system.
- Review and approve management fee calculations, invoices, and journal entries.
- Oversee the daily and monthly cash reconciliation processes for various credit partnerships and associated portfolio companies.
- Review fund financial statements and other management reports to ensure accuracy and compliance.
- Collaborate with the Director to provide strategic direction on various projects, including reviewing materials prepared by staff, such as general ledger entries, quarterly work papers, audit confirmations, limited partner requests, and other ad hoc documents.
- Review and/or calculate credit fund performance metrics, including gross/net MOIC, IRR, TVPI, RVPI, and DPI.
- Lead the preparation and review of materials for interim and annual audits of the credit fund partnerships, establishing and maintaining productive relationships with auditors.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
