Credit Portfolio Associate

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.

The Portfolio Credit Associate will serve as the primary execution resource within the Portfolio Management function, working directly under the Head of Portfolio Management. This individual will handle the day-to-day issuer-level monitoring across our Client's direct lending and leveraged finance portfolio — collecting and spreading borrower financials, tracking covenant compliance, maintaining the watchlist and RAG scorecard, preparing materials for lender calls, supporting quarterly valuation, and directing the firm’s outsourced data-support team. The Head of Portfolio Management directs the credit approach and makes the key judgment calls today; over time, the Associate will develop deep, cross-product credit expertise and grow into greater independent responsibility. This role is intentionally designed as a development path — the ideal candidate is curious, adaptable, and eager to expand alongside our Client's product set, with the ambition to grow into a broader portfolio management role as the firm scales. At the core of the function is data — the discipline of capturing, structuring, and interrogating issuer- and portfolio-level information underpins every decision — and the ideal candidate pairs that data-first rigor with the resourcefulness to think outside the box and build practical solutions in a lean, fast-moving environment.

• Serve as the primary user and owner of data integrity for the firm’s portfolio monitoring system, ensuring accuracy, completeness, and consistency of all issuer-level data across the platform
• Onboard new credits into the firm’s portfolio management systems upon close, capturing deal terms, financial covenants, reporting obligations, and key contact information as directed
• Build and maintain the borrower compliance calendar for each credit, mapping financial reporting deadlines, covenant testing dates, and lender call schedules
• Populate the initial RAG scorecard and baseline credit profile for each new issuer using the criteria and benchmarks set by the Head of Portfolio Management
• Ensure executed credit agreement terms, amendments, and side letters are accurately reflected in monitoring records, coordinating with the deal team
• Track and test financial maintenance covenants (leverage, coverage, liquidity, and other as applicable) on each testing date, comparing reported figures against credit agreement thresholds
• Maintain a covenant compliance log for each issuer, documenting test results, waiver history, and amendment-driven threshold changes
• Support the deal team and Head of Portfolio Management on covenant modifications, waiver requests, and amendments; track and record outcomes
• Identify and surface material changes in revenue, EBITDA, leverage, liquidity, and other KPIs; prepare issuer-level performance summaries for the Head of Portfolio Management’s review
• Maintain issuer financial data in the portfolio management system and supporting systems, ensuring accuracy and completeness of historical records
• Assign, prioritize, and direct the vendor team’s workload to align with reporting deadlines, covenant testing dates, and quarterly cycles
• Review outsourced deliverables for accuracy and completeness before they feed into monitoring, reporting, and valuation; provide feedback and corrective direction as needed
• Prepare pre-call briefing materials for recurring lender calls and borrower management updates, drawing on the latest financial data and covenant status
• Participate in lender calls; capture key takeaways, management guidance changes, and follow-up items, and distribute post-call summaries as directed
• Track open follow-up items from lender calls and management meetings through to resolution
• Support coordination between Portfolio Management and the deal team on credit developments, amendment discussions, and escalation items
• Maintain the firm’s RAG (Red / Amber / Green) credit scorecard across all portfolio names, updating inputs each reporting cycle based on financial performance, covenant status, and qualitative developments
• Compile issuer-level data for each quarterly valuation cycle, assembling financial performance packages, covenant status, and qualitative updates for the third-party valuation firm

• 3–5 years of experience in private credit, direct lending, leveraged finance, credit analysis, or a related function within an asset manager, BDC, credit fund, or lending institution
• Bachelor’s degree in Finance, Economics, Accounting, or a related field required; CFA progress a plus
• Foundational understanding of credit agreements, financial covenants, and borrower financial statements, with a strong desire to deepen and broaden credit skills over time
• Solid financial statement analysis skills; able to spread borrower financials accurately and follow analytical direction
• Intellectual curiosity and a genuine appetite to learn across multiple credit products — leveraged finance, working capital finance, trade finance, and future strategies — as the platform expands
• Adaptable and growth-oriented, with the ambition to develop into a broader portfolio management role over time
• A data-first mindset — treats accurate, well-structured data as the foundation of sound credit decisions and takes ownership of data quality
• Resourceful, creative problem-solver comfortable operating in a lean, resource-constrained, “day-one” environment; able to build solutions from scratch and think outside the box rather than rely on established infrastructure
• Ability to direct, train, and coordinate support staff or an offshore vendor team; prior experience overseeing outsourced or junior resources a plus
• Strong attention to detail, reliability in executing recurring deliverables, and the ability to take and follow direction from an experienced portfolio manager
• Comfortable participating in lender calls and preparing supporting materials; able to communicate credit information clearly
• Familiarity with portfolio management systems used in private credit or direct lending contexts a plus
• High organizational capacity to manage many concurrent issuer relationships and deadlines

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is $102,000 - $153,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

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 t hat offers flexibility and supports work-life balance.

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.