Head of Underwriting – Credit Fund

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🔥 0 minutes ago

🇺🇸 United States – Remote

⏰ Full Time

🔴 Lead

📋 Underwriter

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Xsolla

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2005

💼 Consulting

📣 Marketing

📦 Logistics

Consulting • Marketing • Logistics

Xsolla is a company specializing in game commerce solutions. It provides tools and services that empower video game developers to monetize, distribute, and fund their games, helping them to increase revenue at any stage of development. Xsolla offers a wide range of solutions such as customizable web shops, payment processing, fraud prevention, and social packages to enhance player engagement. With over 19 years of experience in the video game industry, Xsolla collaborates with developers and publishers globally to manage compliance, taxes, and operational complexities, allowing them to focus on connecting with their players. Their services are designed to work with popular game development platforms like Unity, Unreal, and Cocos Creator, supporting a wide array of local payment methods worldwide.

📋 Description

• Design the fund's underwriting framework, including credit policy, standards, rating and scoring methodology, credit memo templates, and approval workflows • Integrate Xsolla's payments telemetry and game-revenue data into underwriting • Lead underwriting of lending facilities to game studios and gaming businesses • Structure term loans, revolvers, royalty- and revenue-based facilities, including covenants, collateral packages, borrowing bases, and pricing • Draft and negotiate term sheets and credit documentation with borrowers and external counsel • Establish and run the credit committee process, presenting transactions and maintaining an audit trail • Establish portfolio monitoring, watchlist discipline, covenant tracking, and a workout playbook • Serve as the fund's credit authority in fund materials and LP meetings and own underwriting answers in LP due diligence • Support capital formation, risk-return narrative, portfolio construction guidelines, and track-record presentation • Codify a repeatable, audit-ready credit playbook • Hire and mentor the junior credit team as the fund scales

🎯 Requirements

• 7+ years in private credit, direct lending, specialty finance, or leveraged finance • Personal responsibility for underwriting and closing institutional credit transactions • Experience at an early-stage or first-time credit fund is strongly preferred • Lending against media, IP, royalties, recurring digital revenue, or gaming businesses is a strong plus • Track record of deals underwritten, structures used, and performance outcomes • Deep fluency in credit analysis, financial modeling, covenant design, collateral structures, and credit documentation • Ability to engage with LPs, investment committees, and founders and exercise deal judgment • Comfortable operating in a lean, fast-moving team • Bachelor's degree in finance, economics, business, or a related field • Background check may include criminal history, employment verification, education verification, and credit history checks

🏖️ Benefits

• 100% company-paid medical, dental, and vision plans • Unlimited Flexible Time Off • Personalized career roadmap for each employee • Professional development through training and educational opportunities