Head of Underwriting – Credit Fund
Xsolla (USA), Inc., operating under the Xsolla brand, is a global video game commerce and payments company serving game developers, publishers, creators, and payment providers.
Maintainer signals as of 9/25/2026
Projects
About Xsolla (USA), Inc.
Xsolla provides merchant-of-record and payment-processing services plus direct-to-consumer commerce, web shops, publishing and distribution tools, cloud gaming, fraud prevention, player engagement, creator monetization, and developer tooling for the video game industry. Its solutions operate across 200+ geographies with 1,000+ payment methods and are actively supported through live products, documentation, customer support, and ongoing hiring.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
Serve as the senior credit authority for Xsolla's private credit fund, designing institutional underwriting standards, leading facility underwriting and structuring, establishing governance and portfolio monitoring, supporting LP diligence and fundraising, codifying an audit-ready credit playbook, and mentoring junior team members.
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 preferred
- Experience writing credit policy from scratch and supporting LP diligence preferred
- Experience lending against media, IP, royalties, recurring digital revenue, or gaming businesses preferred
- Track record of underwriting deals, structuring facilities, and managing performance issues
- Deep knowledge of credit analysis, financial modeling, covenant design, collateral structures, and credit documentation
- Ability to engage LPs, investment committees, and founders
- Bachelor's degree in finance, economics, business, or a related field
- MBA or CFA charter preferred
Responsibilities
- Design credit policy, underwriting standards, rating and scoring methodology, credit memo templates, and approval workflows
- Integrate payments telemetry and game-revenue data into underwriting
- Lead financial, downside, and recovery analysis for lending facilities
- Structure term loans, revolvers, royalty-based structures, and revenue-based structures
- Design covenants, collateral packages, borrowing bases, and pricing
- Draft and negotiate term sheets and credit documentation
- Run the credit committee process and maintain an audit trail
- Establish watchlist discipline, covenant tracking, and a workout playbook
- Represent the fund in LP materials and meetings and own underwriting responses during LP diligence
- Support the fund's risk-return narrative, portfolio construction guidelines, and track-record presentation
- Codify repeatable and audit-ready underwriting standards and documentation
- Hire and mentor the junior credit team
Benefits
- 100% company-paid medical insurance
- 100% company-paid dental insurance
- 100% company-paid vision insurance
- Unlimited flexible time off
- Personalized career roadmap
- Training and educational opportunities
