Credit - Operations Associate| Halifax

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'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.

The Credit Operations Associate plays a key role in supporting the operational, accounting, and reporting functions for private credit funds and related investment vehicles. This individual works closely with investment, finance, and investor relations teams to ensure the accurate processing of fund transactions, maintenance of portfolio data, and timely delivery of financial and investor reporting. Responsibilities include overseeing cash activity, loan funding and repayment processes, portfolio monitoring, reconciliations, fund administration oversight, and supporting audits and regulatory reporting. The ideal candidate combines strong attention to detail, analytical problem-solving skills, and a solid understanding of private credit fund structures and operations. Experience with private debt funds, fund administration, accounting, or financial services operations is highly preferred.

• →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
• Undergraduate degree in accounting, finance, or business
• 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.