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.
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