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Financial Services, Fund Administration, Private Equity

Credit Operations Manager

New YorkHybridFull TimeManager / Head$122,000–$183,000 /yrPosted 1 month agoVisa sponsorship available

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Required skills

  • credit investment operations
  • investment servicing
  • data integrity
  • credit products
  • loan administration
  • reconciliation
  • portfolio positions
  • cash
  • P&L
  • wires

Nice to have

  • Geneva
  • WSO
  • Allvue
  • iLevel
  • Power BI
  • junior team members

Role summary

Petra Funds Group seeks a Credit Operations Manager with 5-8 years of experience in credit investment operations to support their Credit Team. This role focuses on the operational aspects of credit investment strategies, emphasizing investment servicing and data integrity. Responsibilities include reconciling portfolio positions, cash, and P&L, acting as a primary operational contact for external parties, partnering with investment teams on transactions, reviewing funds flows, ensuring accurate booking and reporting, leading month-end deliverables, and preparing reports. The role also involves contributing to pipeline discussions, supporting audits, identifying process improvements, and collaborating with technology teams for automation. A Bachelor's degree in a related field and strong analytical, problem-solving, and communication skills are required. Experience with specific credit products and loan administration is highly preferred, as are skills in advanced Excel and familiarity with systems like Geneva, WSO, Allvue, iLevel, or Power BI.

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.

What You Will Do:

Our client is seeking a diligent and detail-oriented Credit Operations Manager to join their Credit Team. The ideal candidate will have 5-8 years of experience in credit investment operations and will be responsible for supporting the operational aspects of our credit investment strategies particularly around investment servicing and data integrity. This role requires a strong understanding of credit products, excellent analytical skills, and the ability to work collaboratively across various teams. Experience in loan administration and ensuring data integrity is highly preferred.

Responsibilities:

  • Own the reconciliation of credit portfolio positions, cash, and P&L, resolving breaks and escalating exceptions to finance and investment teams.
  • Serve as the primary operational point of contact for borrowers, lenders, and agent parties, managing daily activity including wires, trade settlement, and funding mechanics.
  • Partner with investment teams from term sheet through closing on complex transactions, including bank debt, equity/options, and FX, advising on funding mechanics and operational requirements.
  • Review and approve funds flows for accuracy and completeness prior to release.
  • Ensure timely, accurate booking and reporting that aligns with legal agreements, and maintain portfolio records in line with internal and external guidelines.
  • Lead month-end deliverables in coordination with finance teams and external administrators, owning timelines and issue resolution.
  • Contribute operational input to weekly pipeline discussions with the credit investment team, valuation, compliance, finance, and tax.
  • Prepare and review regular and ad-hoc reporting for portfolio managers and senior management, ensuring data integrity across systems.
  • Support audits and regulatory reporting, serving as the subject matter expert on portfolio and transaction records.
  • Identify and lead process improvements that reduce risk and increase efficiency, addressing disparate data sources and siloed workflows.
  • Partner with technology teams to define requirements, enhance system capabilities, and automate manual processes, then monitor and refine results.
  • Uphold compliance standards and risk management protocols, proactively flagging control gaps.
  • Act as an escalation point for the team on complex or time-sensitive issues.

    • Qualifications:

  • Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
  • 5-8 years of experience in loan operations, investment accounting, fund administration or a similar role.
  • Strong understanding of credit products, including bonds, loans, and derivatives.
  • Demonstrated ability to independently manage complex workflows or portfolios with limited supervision.
  • Experience reviewing and overseeing work performed by junior team members or offshore resources.
  • Experience with Geneva, WSO, Allvue, iLevel and/or Power BI a plus.
  • Knowledge of regulatory requirements related to credit investments.
  • Advanced Excel skills and comfort working with large datasets, reconciliations, and financial templates.
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and ability to manage multiple tasks simultaneously.
  • Effective communication and interpersonal skills.
  • Extremely organized and process oriented.

    • Salary Range:

    At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $122,000 - $183,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

    How We Care

    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.
  • Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum — available to employees enrolled in our high-deductible health plan. *
  • 401(k) 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 that offers flexibility and supports work-life balance.

    • *Funded amount is prorated for new hires.

    What We’re Proud Of

    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.
    • Ready to apply?
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