Credit - Accounting Manager

Petra Funds Group • New York, NY

3d • $102,000 - $153,000 • Hybrid

About The Position

Petra Funds Group is hiring a Credit - Accounting Manager to oversee client relationships and fund accounting for private credit clients. The role serves as the senior point of contact for assigned credit fund clients from proposal and onboarding through implementation and ongoing administration, providing trusted advice and driving resolution of complex or time-sensitive matters. The manager develops and improves processes, controls, and procedures to support client satisfaction, quality, and timely delivery.

The position oversees credit fund accounting activity, including partnership allocations, investment transactions recorded in Investran Live, management fees, cash reconciliations, financial statements, management reports, and performance metrics. It requires applying partnership agreement terms and US GAAP, working with private credit structures and loan activity, and explaining fund performance results to clients and investors.

Petra Funds Group provides fund administration and infrastructure services to private equity and debt funds. Its credit operations support private credit managers through credit middle-office operations, loan agency and monitoring, and pre- and post-execution services. The company offers a hybrid work environment and a comprehensive benefits package. The stated annual base salary range is $102,000–$153,000.

Requirements

• Bachelor’s degree in accounting, finance, or a related field.
• 6+ years of fund accounting or related experience in private credit, private equity, or alternative investments.
• Strong working knowledge of US GAAP for investment companies and partnership accounting, including allocation methodologies and waterfall calculations.
• Hands-on experience with private credit structures such as direct lending funds, credit facilities, and loan accounting.
• Ability to review limited partnership agreements and translate terms into accounting treatment and allocations.
• Experience calculating and reviewing performance metrics including IRR, MOIC, TVPI, RVPI, and DPI.
• Client-facing experience, including managing relationships with fund managers and responding to investor inquiries.
• Strong written and verbal communication skills, exceptional attention to detail, and ability to manage multiple deadlines.
• Advanced Excel skills.

Responsibilities

• Serve as the senior point of contact for assigned credit fund clients, managing relationships from proposal and onboarding through implementation and ongoing administration.
• Act as a trusted advisor to clients, anticipate needs, escalate risks early, and drive resolution of complex or time-sensitive matters.
• Design, implement, and continuously improve processes, controls, and procedures that support client satisfaction, quality, and on-time delivery.
• Review and approve partnership allocation models, applying partnership agreement terms accurately across diverse clients and complex fund structures.
• Oversee and review investment transactions and activity in the Investran Live general ledger, including loan originations, draws, paydowns, PIK interest, fees, and amendments.
• Review and approve management fee calculations, invoices, and related journal entries.
• Oversee daily and monthly cash reconciliations across credit partnerships, credit facilities, and related portfolio investments; resolve breaks and escalate exceptions.
• Review fund financial statements and management reports for accuracy, GAAP compliance, and alignment with client and investor requirements.
• Review and/or calculate credit fund performance metrics, including gross and net MOIC, IRR, TVPI, RVPI, and DPI, and explain results to clients and investors.

Benefits

• Medical, dental, and vision insurance premiums covered at 90%.
• Fully funded employer Health Savings Account contributions up to the IRS maximum for employees enrolled in the high-deductible health plan; funding is prorated for new hires.
• 401(k) employer match of 100% of employee contributions up to 5% of compensation, with immediate vesting.
• Flexible paid time off.
• Generous holiday calendar.
• Hybrid work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager