Head of Underwriting – Credit Fund

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

📋 Description

• Develop the underwriting framework for the fund, encompassing credit policies, standards, rating and scoring methodologies, credit memo templates, and approval workflows.

• Incorporate Xsolla's payment telemetry and game-revenue data into the underwriting process.

• Oversee the underwriting of lending facilities for game studios and gaming enterprises.

• Structure various financing options including term loans, revolvers, and royalty- and revenue-based facilities, detailing covenants, collateral packages, borrowing bases, and pricing.

• Prepare and negotiate term sheets and credit documentation with borrowers and external legal counsel.

• Create and manage the credit committee process, presenting transactions while maintaining an audit trail.

• Implement portfolio monitoring, establish watchlist protocols, track covenants, and develop a workout playbook.

• Act as the fund's credit authority during fund presentations and LP meetings, and provide underwriting insights during LP due diligence.

• Assist in capital formation, develop risk-return narratives, portfolio construction guidelines, and track-record presentations.

• Codify a standardized, audit-ready credit playbook.

• Recruit and mentor the junior credit team as the fund expands.

⛳️ Requirements

• Minimum of 7 years of experience in private credit, direct lending, specialty finance, or leveraged finance.

• Proven track record of underwriting and closing institutional credit transactions.

• Experience with an early-stage or first-time credit fund is highly preferred.

• Familiarity with lending against media, intellectual property, royalties, recurring digital revenue, or gaming businesses is a significant advantage.

• Documented history of deals underwritten, structures employed, and performance results achieved.

• Profound expertise in credit analysis, financial modeling, covenant design, collateral structures, and credit documentation.

• Ability to effectively engage with LPs, investment committees, and founders while exercising sound judgment in deal-making.

• Comfortable working within a lean, dynamic team environment.

• Bachelor's degree in finance, economics, business, or a related discipline.

• Background checks may encompass criminal history, employment verification, education verification, and credit history evaluations.

🏝️ Benefits

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

• Unlimited Flexible Time Off.

• Customized career development roadmap for each employee.

• Opportunities for professional development through training and educational initiatives.