Credit- Senior Director; CS

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 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 US 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.

As a Fund Accounting Director, you will lead and oversee a credit fund accounting team, ensuring the delivery of accurate and timely financial reports to our clients. You will be a technical expert in credit fund accounting and credit operations, including loan servicing, trade settlement, waterfall mechanics, and credit facility administration, while also acting as a trusted advisor to our clients, offering insights and solutions that enhance their operations.

In this leadership role, you will drive process improvements, mentor and develop your team, and maintain the highest standards of service and accuracy. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Petra Funds Group.

• Lead the fund accounting team in the preparation and review of financial statements, capital activity, and loan-level accounting, ensuring compliance with GAAP and other relevant accounting standards.
• Oversee accounting for direct lending, credit facilities, and portfolio monitoring, including principal and interest accruals, fee amortization, and PIK income.
• Manage waterfall calculations and distribution mechanics across credit vehicles, including CLOs where applicable.
• Oversee credit operations functions, including loan trade settlement (par and distressed), agent bank notice processing, deal closing mechanics, and position reconciliation across the loan lifecycle.
• Ensure accurate tracking of loan amendments, assignments, and participations, and their downstream impact on fund accounting records.
• Serve as the primary point of contact for key clients, addressing their needs and ensuring that their expectations are consistently met or exceeded.
• Oversee the monthly, quarterly, and annual closing processes, ensuring accuracy and timeliness in all deliverables.
• Understand and monitor borrowing base calculations, covenant compliance, and key terms of underlying credit agreements and subscription/leverage facilities.
• Partner with loan operations and portfolio monitoring teams to ensure accurate lender reporting, covenant tracking, and agent notice processing.
• Drive process improvements and implement best practices to enhance the efficiency and effectiveness of the credit fund accounting and operations functions.
• Mentor, coach, and develop the fund accounting team, fostering a culture of continuous learning and professional growth.
• Contribute to strategic planning and decision‑making at the senior leadership level, providing insights and recommendations based on your expertise in credit fund accounting and operations.

• Bachelor’s degree in accounting, Finance, or a related field; CPA or equivalent designation is preferred.
• At least 15 years of experience in fund…