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About Goldman Sachs: Goldman Sachs Asset Management is one of the world's leading asset managers with over $2 trillion in assets under supervision. As a primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals. The Loan Asset Management (LAM) team is a business unit within the Asset & Wealth Management division. LAM is a multi-faceted diligence and asset management platform specializing in the management of loans within Goldman Sachs' sponsored real estate credit funds. Candidate's role will have key responsibilities in managing /overseeing commercial real estate loans and a team within these vehicles:
- Oversee and/or directly manage a diverse portfolio of commercial real estate loans within Goldman Sachs' sponsored real estate credit funds.
- Lead a team of loan asset managers and work collaboratively to achieve department and firm objectives
- Effectively communicate with property managers, third party vendors, borrowers, law firms, and fund Limited Partners on an ongoing basis
- Monitor business plan performance and make strategic recommendations to valuation, loan performance, and loan modifications to senior management, as appropriate
Responsibilities:
- Develop and maintain market relationships with appropriate borrowers, brokers, lenders, vendors and other industry participants
- Prepare and present quarterly business plan updates, market updates and factors affecting collateral value and stabilization timeline to senior management and internal clients for review and approval
- Experience in ARGUS and Excel cash flow modeling/forecasting in conjunction with the use of market sale and rent comps to determine real estate values across a variety of property types: multifamily, hospitality, retail, industrial, office, self-storage, student housing, senior living, for-sale residential, etc.
- Prepare and present transaction memos summarizing due diligence and credit analysis for obtaining internal approvals through life cycle of loan
- Prepare and update monthly reporting packages for management and clients
- Assist in communication of loan performance to Limited Partners within respective funds
- Work closely with the liabilities management team to ensure compliance within fund level financing facilities
Underwriting Oversight:
- Analyze and present opportunities and risks inherent to specific sectors and markets
- Perform valuation analyses and due diligence related activities
- Track and forecast operating cash flows from real estate assets using a combination of market data, property specific operating norms, actual performance data and GS specific standards required to evaluate, pursue, and close debt investment opportunities.
- Coordination of internal and external resources to analyze investments opportunities.
Basic Qualifications:
- Minimum 15 years of experience in originating/underwriting CRE loans and/or managing performing/distressed assets
- Strong academic background and leadership skills
- Experience valuing multiple commercial real estate product types
- Proficiency in Excel, PowerPoint and Word
Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$300000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available
to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here. |
The Goldman Sachs Group
$2 trillion in assets under supervision
Jan 17, 2025