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.
Our client is seeking a diligent and detail-oriented Credit Operations Manager to join their Credit Operations Team. The ideal candidate will have 5–8 years of experience in credit investment operations and will support the operational infrastructure of the firm's private credit platform, with responsibility for liquidity management, loan operations, portfolio monitoring, fund accounting support, and investment data integrity. This role requires strong knowledge of credit products, financing facilities, investment servicing, and the ability to collaborate across Investment, Treasury, Legal, Compliance, Fund Accounting, Investor Relations, and external counterparties. Experience with loan administration and maintaining investment data integrity is highly preferred.
Liquidity & Facility Management- Oversee daily liquidity across multiple funds, including ABL borrowing bases, subscription line availability, and cash management to support investment activity and trade settlements.
- Manage collateral and margin processes, including daily monitoring, margin calls, collateral resets, and interest payments.
- Coordinate ABL facility closings, amendments, extensions, and covenant compliance with legal counsel, lenders, treasury, and fund accounting.
- Support derivatives operations, including TRS, FX hedging, and other financing activities.
- Manage trade allocations, loan settlements, and investment servicing across multiple funds.
- Coordinate corporate actions, restructurings, and liability management transactions with fund administrators, custodians, tax advisors, and internal teams.
- Maintain credit agreement data integrity by reconciling executed loan documentation with portfolio management systems.
- Serve as the primary operational contact for banking partners, financing counterparties, custodians, and derivatives providers.
- Lead counterparty onboarding, KYC documentation, regulatory compliance, and operational due diligence.
- Support governance and reporting for the firm's Counterparty Oversight Committee.
- Maintain portfolio monitoring dashboards, interest accruals, SOFR repricing workflows, valuation reconciliations, and portfolio analytics.
- Support quarterly valuation processes through pricing reviews, third-party valuation coordination, and reconciliation of internal and administrator marks.
- Build and maintain investment realization tracking and Gross IRR reporting.
- Prepare and reconcile portfolio data for quarterly investor reporting and Limited Partner deliverables.
- Support monthly NAV close and P&L reconciliations with external fund administrators.
- Partner with Investment, Investor Relations, and Fund Accounting teams on fundraising support, LP due diligence requests, board materials, and quarterly reporting packages.
- Review the Schedule of Investments and other financial reporting deliverables for accuracy and completeness.
Skills Required
- 5-8 years of experience in credit investment operations
- Strong knowledge of credit products, financing facilities, and investment servicing
- Ability to collaborate with Investment, Treasury, Legal, Compliance, Fund Accounting, Investor Relations, and external counterparties
- Experience with loan administration and maintaining investment data integrity
- Experience managing liquidity, ABL borrowing bases, subscription lines, collateral/margin processes, and covenant compliance
- Experience supporting NAV close, P&L reconciliations, and quarterly investor reporting
What We Do
Petra Funds Group is a leading global provider of fund administration, middle and back-office support, regulatory compliance, and ESG services for private equity, venture funds, and private debt funds. Founded by private equity executives in 2021, Petra administers structures and funds that have in excess of +$500 billion in assets. We deliver tailored services to our valued client base from offices in the U.S. and Europe. Clients are serviced by regional teams led by executives with deep experience in alternative investments and ESG and supported by a global network of experts. Our coordinated fund administration solution and best-in-class technology enable our clients to scale their operations, reduce costs, and focus on their core competencies. For more information, please visit: www.petrafundsgroup.com.
