Credit Operations VP (Liquid Credit)

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.

Petra Funds Group is seeking a Vice President, Liquid Credit Operations to lead and execute critical operational processes supporting a sophisticated liquid credit investment platform. This individual will play a key role in ensuring the accurate and timely settlement of investment transactions while partnering closely with Portfolio Management, Trading, Finance, Fund Accounting, and external counterparties.

The ideal candidate is a detail-oriented operations professional with deep experience supporting liquid credit strategies, including broadly syndicated loans, CLOs, and RMBS. They thrive in fast-paced environments where competing priorities, multiple stakeholders, and strict settlement timelines are the norm.

• →Oversee the operational lifecycle of liquid credit investment transactions from trade capture through settlement.
• →Manage daily trade settlements and proactively resolve settlement exceptions with brokers, custodians, administrators, and counterparties.
• →Reconcile investment activity between Order Management Systems (OMS) and downstream accounting and operational platforms.
• →Generate operational reports from the OMS and provide data extracts from supporting systems to ensure accurate downstream processing.
• →Partner closely with Portfolio Managers, Traders, Fund Accounting, Treasury, Compliance, and external service providers to ensure operational efficiency.
• →Monitor trade activity across multiple portfolios while maintaining a high degree of accuracy in a fast-paced, high-volume environment.
• →Support operational processes related to:
  • →Broadly syndicated loans (BSLs)
  • →Collateralized Loan Obligations (CLOs)
  • →Residential Mortgage-Backed Securities (RMBS)
• →Identify opportunities to improve operational workflows, controls, automation, and reporting.
• →Assist with operational projects, system implementations, and process enhancements as the business continues to scale.
• →Maintain strong operational controls and ensure adherence to internal policies and industry best practices.

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
• 7+ years of investment operations experience supporting liquid credit or alternative investment strategies.
• Experience using settlement platforms such as ClearPar and/or CTM.
• Experience working with an Order Management System (OMS), including:
  • Reconciling investment activity to the OMS
  • Running operational and reconciliation reports
  • Providing data extracts from external systems to feed the OMS
• Strong experience supporting investment operations for:
  • Broadly Syndicated Loans
  • CLOs
  • RMBS
• Demonstrated ability to manage competing priorities in a high-volume, fast-paced environment while ensuring timely settlement of investment transactions.
• Strong analytical, reconciliation, and problem-solving skills.
• Excellent communication and organizational skills with the ability to work cross-functionally across investment, finance, and operations teams.

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $146,000 - $219,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.