Credit - Operations Associate

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 the North America and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who's 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.

• Maintain client investment book of record by processing all loan activity including trades, borrowings, payoffs and coupon payments
• Review applicable loan documents (e.g. 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 (e.g. deal team, treasury, accounting)
• Coordinate with third party support teams (e.g. trade settlements, agents, administrators)
• An understanding US GAAP and experience with Allvue Investment Accounting or similar is beneficial but not required

• 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 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
• CPA is a plus but not required

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

We believe people do their best work when they feel supported — personally and professionally. That’s why we offer a comprehensive benefits package that reflects our commitment to your well-being. Our perks include:

• 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 t hat offers flexibility and supports work-life balance.

* Funded amount is prorated for new hires.

We’re proud of many milestones, but we’re especially honored by the recognition we’ve received for our workplace experience:

• Certified Great Place to Work, based on direct feedback from our employees about trust and overall culture.
• Fortune Best Medium Workplaces and Best Financial Services & Insurance Workplaces, highlighting our commitment to building an environment where people thrive.