Job Description
The Loan Management team is a business unit within the Global Markets division, primarily supporting the Mortgage Loan Trading desk and Investment Banking's Real Estate Finance Group. The team is a multi-faceted diligence and asset management platform specializing in whole loan acquisition, sales, securitizations, and financing opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.Candidate's role will have key responsibilities in underwriting/managing /overseeing commercial real estate loans that GS has interest in.
Role Overview
Goldman Sachs Services Private Ltd. is seeking a Vice President to support the Loan Asset Management team. The successful candidate will provide support to the Loan Asset Management team throughout the life of a commercial real estate asset in areas such as property performance monitoring, reporting, market research and modeling. The successful candidate will be expected to offer an analytical approach to improve processes and provide useful reporting and insights while managing their time between a high volume of time-sensitive projects.
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General
- Work collaboratively to achieve department and firm objectives
- Develop and maintain market relationships with respective clients and other industry participants.
- Review loan level financings, appraisal review, and other activities that may require feedback from the debt originations or real estate finance groups.
- Present potential decisions' impact on assets and asset performance to senior leadership
- Leading and managing a team of employees, including setting goals and objectives, developing strategies, and assigning tasks.
Underwriting
- Analyze and present opportunities and risks inherent in 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
Asset Management
- Oversee and/or directly manage a diverse portfolio of commercial real estate loans.
- Assist in all aspects of the asset management of a large and diverse commercial real estate loan portfolio facilities.
- Review and evaluate Client requests for escrow/future funding draws for renovations, capital expenditures, tenant improvements, leasing costs and other operating reserves.
- Assist in the evaluation, approval process of requested loan modifications.
- Review Guarantor and Borrower annual and quarterly financial statements to assess the financial strength of Sponsors and ensure covenant compliance.
- Partner with internal groups to respond to ad-hoc requests or compliance with various policies and procedures.
- Interact with property managers, third party vendors, borrowers, and law firms.
- Work on ARGUS/Rockport 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, senior living, etc.
- Monitoring business plan performance and making tactical and strategic recommendations, as appropriate.
Analysis & Reporting
- Prepare and present transaction memos summarizing due diligence and credit analysis for obtaining internal approvals.
- Prepare and present quarterly business plan updates, market updates and factors affecting collateral value and ultimate stabilization timeline to Senior Management and internal clients for review and approval.
- Maintain efficiency in data management processes and coordinate with respective teams on running and upcoming projects
Basic Qualifications
- 8+ years of experience in originating/underwriting CRE loans and/or managing performing/distressed assets.
- Experience valuing multiple commercial real estate product types
- Proficiency in Excel, PowerPoint and Word
- Strong academic background
Preferred Qualifications
- Excellent quantitative, verbal and written communication skills
- Self-motivated, ability to work both autonomously and in a team setting.
- Solid analytical/logical mindset and attention to detail
- Strong sense of accountability and dedication to continuous improvement
- Ability to work under pressure and meet deadlines ensuring high quality output
About Goldman Sachs
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
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Goldman Sachs is an equal employment/affirmative action employer