Goldman Sachs, Asset Management Division, Real Estate Asset Management, Urban Investment Group, Associate- Dallas

Asset Management

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 worlds 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.

Urban Investment Group seeks an Associate in Dallas to join the Urban Investment Group (UIG) Asset Management team within AMD Real Estate. UIG is a principal investing and lending platform that seeks to drive double bottom line returns by investing in underserved communities across the United States. The team makes debt and equity investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities, and provides financing to student and small business lenders, among others. UIG also manages GS Bank USA's Community Reinvestment Act program.

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:

• Bachelors degree from a four-year college or university.
• Strong academic background - finance, real estate, accounting or math background preferred
• Minimum 3+ 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

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.

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