Job Description

MORE ABOUT THIS JOB

REALTY MANAGEMENT

OUR IMPACT

The Realty Management Division (RMD) plays an integral role in supporting the firm’s real estate investing strategy by providing investment and asset management services globally in the real estate market, partnering with other divisions in the firm to deliver results wherever Goldman Sachs has an interest. RMD serves as an extension to revenue divisions by providing services such as sourcing, acquisition, underwriting and due diligence of distressed and performing real estate and loan assets, asset management, portfolio management and disposition across various property types including office, multi-family, retail and hotel. Our division also manages residential loan portfolios and warehouse repo lines across auto, student, and consumer asset classes while providing structure, pricing and collateral analysis support. We look for individuals who are passionate about real estate and finance, have strong problem solving and analytical skills, and are a great communicators who are eager to make an impact.

YOUR IMPACT

RMD is currently seeking an Associate to support the Pan-European Residential Business, in the London office. The successful candidate will be responsible for thoughtful, quantitative analysis surrounding the ongoing asset management of residential investments, ranging from ground up development projects to existing assets under management, across Conventional, Senior and Student asset classes, which are held by the Merchant Banking Division and Special Situations Group.

RESPONSIBILITIES AND QUALIFICATIONS
HOW YOU WILL FULFILL YOUR POTENTIAL

+ Primary responsibilities will include active management of the residential investment platform, business plan preparation and presentation, developing monthly cash flow projections, monthly and quarterly reporting, monitoring PE platform operations where appropriate, oversight of third party service providers, capital plan oversight, business plan execution, and ultimate disposition of assets.
+ Prepare and present business plans, including financial and asset performance data
+ Work with Asset Managers to support strategic goals established with the Residential team including sales/leasing and overall disposition strategy
+ Support execution of asset strategies to maximize value through market / product knowledge and value-add enhancements
+ Create financial models, supporting the asset management and acquisition phases of residential investment opportunities
+ Analyse ongoing performance of RE portfolio companies and underlying collateral, as well as providing investment valuations and return analytics
+ Review and analyse various asset reports from third parties, including monthly Operating Reports, Financial Statements, Capital Projections, and Market Forecasts
+ Engage and provide oversight of third parties, which perform the day-to-day operations of the investments, including, but not limited to operating partners and property management companies, servicers, and conduct weekly / monthly calls and asset tours
+ Support disposition efforts including Hold/Sell Analyses, investment return sensitivities, contract negotiation, transaction management and closing
+ Work closely with internal stakeholders such as Finance, Compliance and Legal
+ SKILLS & EXPERIENCE WE’RE LOOKING FOR
+ Strong academic background - 4 year finance, real estate, accounting or math background preferred
+ Minimum 4+ years of real estate experience, with asset management and valuation experience in residential asset classes preferred
+ Experience in RE Private Equity investments a plus
+ Must know MS Office Excel at an advanced level, and have strong modelling and analytical background
+ Strong written and verbal communication skills, that are clear and concise, with the ability to confidently manage internal and external relationships
+ Solid commercial awareness, with the ability to think logically and creatively across challenging circumstances
+ Ability to work both autonomously and in a team setting
+ Able to work under tight time constraints and extended hours as required
ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Job ID2018-44148
Schedule TypeFull Time
LevelAssociate
Function(s)Real Estate
RegionEMEA
DivisionRealty Manag
Save Job