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About the Role

We are seeking a Credit Accounting Manager to lead fund accounting operations for a portfolio of Business Development Companies (BDCs). This role is responsible for the full accounting lifecycle of leveraged credit vehicles, including NAV oversight, portfolio valuation support, investor reporting, and compliance with the '40 Act. You will manage a team, ensure accurate financial reporting for complex credit structures, and act as a technical resource for BDC accounting and regulatory matters. This position is ideal for individuals who excel in a fast-paced private credit environment and desire ownership of both technical accounting and team leadership.

Responsibilities

Oversee day-to-day fund accounting operations for BDCs, including various private credit instruments.
Manage and review NAV calculations, ensuring accuracy and timeliness.
Review and support portfolio valuation processes.
Ensure compliance with the Investment Company Act of 1940 ('40 Act) and BDC regulatory requirements.
Prepare and review financial statements, investor reporting packages, and regulatory filings.
Manage relationships with fund administrators, auditors, custodians, and tax advisors.
Lead, mentor, and develop a team of fund accountants/analysts.
Oversee credit facility compliance, covenant monitoring, and borrowing base calculations.
Partner with investor relations on reporting deliverables, capital calls, and distributions.
Support audit processes, including PBC items and inquiries.
Identify and implement process improvements for accounting operations.
Stay current on accounting standards (US GAAP) and regulatory changes impacting BDCs and private credit.

Requirements

Bachelor's degree in Accounting, Finance, or related field.
6+ years of fund accounting experience, with direct exposure to BDCs or private credit vehicles.
Strong working knowledge of the '40 Act and BDC-specific regulatory/reporting requirements.
Experience with NAV oversight, portfolio valuation processes, and credit facility compliance.
People management experience (direct reports).
Strong understanding of US GAAP as applied to investment companies/credit funds.
Experience working with fund administrators and external auditors.

Work Type

Hybrid work environment

Education Level

Bachelor's degree in Accounting, Finance, or related field

Salary/Compensations

$130,000 - $180,000 per year

Benefits

90% covered medical, dental, and vision insurance premiums.
Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum.
401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting.
Flexible paid time off.
Generous holiday calendar.

About the Company

Petra Funds Group is a leading provider of comprehensive fund administration and infrastructure services for private equity and debt funds.
Our mission is to empower fund managers to concentrate on value-adding activities by entrusting us with their administrative and operational needs.
Our team consists of highly skilled professionals in the US and Europe with deep industry experience, committed to accuracy and timeliness.
Our reputation is built on trust, expertise, and meticulous attention to detail.
We foster a collaborative approach and a relentless pursuit of excellence.
Petra’s credit operations complement our fund administration offering, supporting private credit managers of all sizes and strategies.
We offer flexible credit middle office operations, loan agency and monitoring services, and pre/post execution support.