Goldman Sachs Alternatives - Loan Asset Management - Associate - London London · United Kingdom[...]

Goldman Sachs Bank AG; London; On-site; GBP 50,000 - 90,000; Full time

Job description

Goldman Sachs Alternatives - Loan Asset Management - Associate - London location_on London, Greater London, England, United Kingdom

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 PowerPoint.
• 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.