Head of Underwriting – Credit Fund

2 нед. назад

USAHeadRemote

Lead and build the credit underwriting framework for a credit fund, mentoring junior credit hires and ensuring institutional standards.

О компании

ABOUT THE OPPORTUNITY is seeking a Head of Underwriting to serve as the fund's senior credit authority alongside the Chief Credit Officer. You will design the underwriting framework from a clean sheet, lead the underwriting and structuring of the fund's first facilities, and stand in front of LPs as living proof that the fund underwrites to institutional standards. This is a builder's mandate. You will codify how this fund underwrites — the credit playbook, standards, templates, and documentation that make the process repeatable and defensible — and, as the team grows, mentor the junior credit hires who operate it. The role reports directly to Stan Rudoi, Chief Credit Officer and Head of the Credit Fund, and sits on the fund's credit committee. ABOUT US  is a glob

Обязанности

Design the fund's underwriting framework from scratch: credit policy, underwriting standards, rating and scoring methodology, credit memo templates, and approval workflows — built for LP diligence from day one.
Build the data edge into the process: integrate 's payments telemetry and game-revenue data into underwriting as a durable information advantage.
Lead the underwriting of lending facilities to game studios and gaming businesses: financial analysis, revenue durability, downside cases, and recovery analysis.
Structure facilities: term loans, revolvers, royalty- and revenue-based structures — including covenants, collateral packages, borrowing bases, and pricing.
Draft and negotiate term sheets and credit documentation with borrowers alongside external counsel.
Stand up and run the credit committee process: present transactions, document decisions, and maintain an audit trail that stands up to LP and auditor scrutiny.
Establish portfolio monitoring: watchlist discipline, covenant tracking, and a workout playbook as the portfolio builds.
Be the credit face of the fund: appear in fund materials and LP meetings as the fund's credit authority; own underwriting answers in LP due diligence.
Support capital formation: help shape the fund's risk-return narrative, portfolio construction guidelines, and track-record presentation.
Codify the credit playbook: standards, templates, and documentation that make the fund's underwriting repeatable and audit-ready.
Build the bench: as the fund scales, hire and mentor the junior credit team — analysts, associates, and in time a portfolio/risk officer.

Требования

7+ years in private credit, direct lending, specialty finance, or leveraged finance, with personal responsibility for underwriting and closing institutional credit transactions.
Experience at an early-stage or first-time credit fund — credit policy written from scratch, LPA input, first LP diligence — is strongly preferred. You have seen what a fund needs before it has infrastructure.
Lending against media, IP, royalties, recurring digital revenue, or gaming businesses is a strong plus.
A track record you can walk LPs through: deals underwritten, structures used, and how they performed — including the ones that went wrong and what you did about it.
Deep fluency in credit analysis, financial modeling, covenant design, collateral structures, and credit documentation.
The gravitas to sit across from LPs, investment committees, and founders — and the judgment to say no to a deal.
Enjoys mentoring junior team members and building a strong credit culture as the team grows.
Comfort operating in a lean, fast-moving team where you build the machine you then operate.
A bachelor's degree in finance, economics, business, or a related field; an MBA and/or a CFA charter is preferred.