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Goldman Sachs: Asset Management, Real Estate, Urban Investment Group, Asset Management, VP

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Job Description


A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As 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.


Goldman Sachs Bank USA seeks a Vice President in New York, NY to join the Urban Investment Group (UIG) Asset Management team within AMD Real Estate. Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset Management makes tax credit equity investments, real estate investments and loans, and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth. UIG manages the investing and lending strategies for GS Bank USA’s Community Reinvestment Act requirements and the firm’s investments in Opportunity Zones, and is a significant contributor to the firm’s One Million Black Women and 10,000 Small Businesses initiatives. Real estate investments range from opportunistic ground-up development to core plus acquisitions of affordable and workforce housing portfolios. UIG has committed $12 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.


Responsibilities

  • Manage a portfolio of equity and tax credit equity investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities, in addition to select debt transactions

  • Support senior members of the team in operating, maximizing value and reporting on assets

  • Key responsibilities include internal asset valuation modeling, business plan preparation and execution, developing monthly cash flow projections, supporting leasing strategy, collecting financials and reviewing budgets, preparing monthly and/or quarterly reporting, and working with third parties, including operating partners, brokers and property management companies

  • Develop asset strategy, including financial and asset performance data, in conjunction with AM leadership, investing personnel and operating partners

  • Support execution of asset strategies to maximize value through market / product knowledge and value-add strategies

  • Lead asset disposition efforts including: contract negotiation, writing investment committee memorandums, presenting to investment committee, finalizing disposition models, calculating waterfall returns, transaction management and closing

  • Drive exits and compliance/covenants monitoring on tax credit equity and debt transactions

  • Research/evaluate market trends, rental rates and occupancy trends to update investment assumptions within models

  • Conduct in-depth market and portfolio analyses; understand industry trends

  • Engage and provide oversight of third parties which perform the day-to-day operations of the assets, including, but not limited to operating partners and property management companies; conduct weekly / monthly calls and asset visits

  • Work closely with internal stakeholders such as Finance, Compliance and Legal

  • Maintain performance reports for internal tracking and reporting

Qualifications

  • Bachelor’s degree from a four-year college or university

  • Strong academic background - finance, real estate, accounting or math background preferred

  • Minimum 5+ years of asset management and transaction experience, with asset management experience across multiple real estate product types preferred

  • Solid modeling skills with Advanced Excel skills; experience with Argus a plus

  • Analytical / logical mindset and high attention to detail

  • Strong written and verbal communication skills with the ability to present strategies and business decisions clearly and concisely, manage internal and external relationships

  • Ability to work in a fast-paced, challenging environment; ability to prioritize

  • Self-motivated with ability to work both autonomously and in a team setting

  • Passion for helping solve entrenched challenges facing underserved people and places

  • Desire to create positive change through double-bottom-line investments in real estate the built environment

  • Interest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexities

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