Credit - Operations Associate

Position: Credit - Operations Associate|
About Us
Petra Funds Group is a single-source provider for fund administration and infrastructure needs for 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 North America and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who’ve spent years working with asset managers is what 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.

Responsibilities

Maintain client investment book of record by processing all loan activity including trades, borrowings, payoffs and coupon payments

Review applicable loan documents such as credit agreements, indentures, trade confirmations to establish and settle trades in the portfolio monitoring system

Reconcile portfolio cash and positions on a daily basis

Track loan covenant and compliance reporting deliverables

Maintain loan accruals and cashflow projections

Generate and deliver invoices related to loan activity

Support performance reporting for client investments and portfolios

Collaborate with fund administration teams to facilitate periodic accounting system integration

Coordinate with clients to facilitate deal closings and other portfolio activity such as deal team, treasury, accounting

Coordinate with third party support teams such as trade settlements, agents, administrators

An understanding of US GAAP and experience with Allvue Investment Accounting or similar is beneficial but not required

Qualifications

At least 3 years experience in accounting, with a preference for experience with private equity, partnerships, and/or alternative assets

Ability to work in a dynamic, fast-paced environment

Ability to handle multiple projects and meet deadlines

Detail-oriented with the ability to complete tasks promptly

Willingness to take on additional ad-hoc tasks and projects

Ability to build and maintain advanced spreadsheets using Microsoft Excel

An understanding of US GAAP and experience with Allvue Investment Accounting or similar is beneficial but not required

Excellent analytical and planning skills

Strong interpersonal, communication, and organizational skills with a team approach

Must possess unquestionable integrity and ethics

Undergraduate degree in accounting, finance, or business

CPA is a plus but not required

Salary Range
At Petra Funds Group, competitive compensation will be commensurate with qualifying factors such as qualifications, experience, and skills.

Benefits

90% covered medical, dental, and vision insurance premiums to help you stay healthy without financial strain

Registered Retirement Savings Plan (RRSP) 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

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