Head of Fund Operations – Credit Fund

This is a fully remote position, open to applicants in California.

📋 Description

• Lead the formation of funds in collaboration with external fund counsel, including selecting the vehicle and jurisdiction, drafting the LPA and side letters, establishing the GP and management company, and ensuring compliance with regulatory standards.

• Manage the terms, economics, and governance aspects of the LPA, translating these into practical operational procedures.

• Select and oversee fund administrators, auditors, tax advisors, banking/custody, and compliance vendors.

• Negotiate scopes and fees with providers while managing the fund’s operating cost model.

• Execute capital calls and distributions, oversee LP onboarding and KYC/AML processes, manage expenses, and control cash movement.

• Take charge of the valuation policy, oversee NAV, manage borrowing-base mechanics, and administer leverage facilities.

• Develop quarterly reporting aligned with ILPA standards, create capital account statements, and establish a communication infrastructure for LPs.

• Maintain responses to DDQs, ensure operational due diligence readiness, and manage the operations sections of the data room.

• Establish policies for valuation, allocation, conflicts, ESG/AML compliance, regulatory filings, and coordinate audits.

• Document workflows, processes, controls, roles, and audit trails for essential operations.

• Build and mentor a junior operations team while integrating with Xsolla’s finance and legal departments.

⛳️ Requirements

• Over 7 years of experience in fund operations, as a fund CFO, or in fund controllership roles within private credit or other private capital funds.

• Successfully guided at least one private fund from formation to its first close.

• Extensive understanding of LPA terms, fund administration, capital call processes, and ILPA reporting standards.

• Knowledge of credit-fund operations involving leverage facilities, borrowing bases, loan administration, and asset-level reporting is highly advantageous.

• Operate effectively as a hands-on leader ready to manage the entire operations function from day one.

• Maintain a strong discipline in documentation and controls.

• Possess sound commercial judgment for provider selection, fee negotiations, and decisions regarding build vs. outsource.

• Exhibit clear communication skills for conveying fund mechanics to investors, borrowers, and senior leadership.

• Hold a Bachelor’s degree in finance, accounting, economics, or a related field.

• CPA, CFA charter, or MBA is preferred.

🏝️ Benefits

• 100% company-covered medical, dental, and vision insurance plans.

• Unlimited Flexible Time Off policy.

• Customized career development roadmap for each employee.

• Opportunities for professional growth through training and educational programs.