Asset & Wealth Management, Urban Investment Group, Asset Manager, Vice President
Dallas, TX 
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Posted 30 days ago
Job Description

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. 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. We are:

* Investors, spanning traditional and alternative markets offering products and services

* Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios

* Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions

* Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

Goldman Sachs Bank USA seeks a Vice President in Dallas, TX to join the Urban Investment Group (UIG) Asset & Wealth Management team within Real Estate. Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth 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 $18 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.

Responsibilities:

  • Manage a portfolio of Equity, Debt and Tax Credit equity investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities.
  • 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
  • Interest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexities


The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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