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.
Description
1. Oversee and/or directly manage a diverse portfolio of commercial real estate loans within Goldman Sachs’ sponsored real estate credit funds.
2. Effectively communicate with property managers, third party vendors, borrowers, law firms, and fund Limited Partners on an ongoing basis
3. Monitor business plan performance and make strategic recommendations to valuation, loan performance, and loan modifications to senior management, as appropriate
Responsibilities
4. Developing a deep understanding of the exposures and associated risks across the book
5. Taking the lead with borrower interactions on all positions post drawdown
6. Analysing and understanding underlying collateral of the positions, including regular site visits where applicable
7. Lead all legal workstreams post drawdown
8. Review and obtain approval of any new leasing requests across the secured collateral
9. Prepare and present transaction memos summarizing due diligence and credit analysis for obtaining internal approvals through life cycle of loan
10. 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
11. Experience in 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, etc.
12. Prepare and update monthly reporting packages for management and clients
13. Develop and maintain market relationships with appropriate borrowers, brokers, lenders, vendors and other industry participants
14. Assist in communication of loan performance to Limited Partners within respective funds
15. Work closely with the liabilities management team to ensure compliance within fund level financing facilities
Basic Qualifications
16. Ideal candidate will possess a relevant degree in Finance, Business, or other applicable field and have an excellent academic and professional record
17. Minimum 3 years of experience in originating/underwriting CRE loans and/or managing performing/distressed assets
18. Highly motivated with potential to develop in a challenging role
19. Detail oriented and with a strong sense of ownership
20. Strong interpersonal and communication skills
21. A proactive team player with a strong sense of urgency, responsibility and ability to influence
22. High proficiency in Microsoft Office tools, with strong skills in Excel and Power point
23. Excellent multi-tasking abilities with strong organizational and time-management skills
24. Ability to work well under pressure alone and in a team with a positive, hands-on, proactive attitude
25. Fluency in English – other European languages a plus