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*

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.


Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.


Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.


Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.


Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).


Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.


Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.



Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
London
JOB FUNCTION
Asset Management
DIVISION
Asset & Wealth Management