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Goldman sachs alternatives - loan asset management - associate - london

London
Goldman Sachs
Asset manager
Posted: 21h ago
Offer description

Goldman Sachs Alternatives - Loan Asset Management - Associate - London

Join to apply for the Goldman Sachs Alternatives - Loan Asset Management - Associate - London role at Goldman Sachs


Goldman Sachs Alternatives - Loan Asset Management - Associate - London

Join to apply for the Goldman Sachs Alternatives - Loan Asset Management - Associate - London role at Goldman Sachs

Job Description


Candidate’s role will have key responsibilities in managing /overseeing commercial real estate loans.


* Oversee and/or directly manage a diverse portfolio of commercial real estate loans within Goldman Sachs’ sponsored real estate credit funds.
* 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

Job Description

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

* Oversee and/or directly manage a diverse portfolio of commercial real estate loans within Goldman Sachs’ sponsored real estate credit funds.
* 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

* Developing a deep understanding of the exposures and associated risks across the book
* Taking the lead with borrower interactions on all positions post drawdown
* Analysing and understanding underlying collateral of the positions, including regular site visits where applicable
* Lead all legal workstreams post drawdown
* Review and obtain approval of any new leasing requests across the secured collateral
* Prepare and present transaction memos summarizing due diligence and credit analysis for obtaining internal approvals through life cycle of loan
* 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
* 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.
* Prepare and update monthly reporting packages for management and clients
* Develop and maintain market relationships with appropriate borrowers, brokers, lenders, vendors and other industry participants
* 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

Basic Qualifications

* Ideal candidate will possess a relevant degree in Finance, Business, or other applicable field and have an excellent academic and professional record
* Minimum 3 years of experience in originating/underwriting CRE loans and/or managing performing/distressed assets
* Highly motivated with potential to develop in a challenging role
* Detail oriented and with a strong sense of ownership
* Strong interpersonal and communication skills
* A proactive team player with a strong sense of urgency, responsibility and ability to influence
* High proficiency in Microsoft Office tools, with strong skills in Excel and Power point
* Excellent multi-tasking abilities with strong organizational and time-management skills
* Ability to work well under pressure alone and in a team with a positive, hands-on, proactive attitude
* Fluency in English – other European languages a plus


Seniority level

* Seniority level

Associate


Employment type

* Employment type

Full-time


Job function

* Job function

Other

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