AWM, Private Bank, Underwriter, Associate/ Vice President, Dallas

The Goldman Sachs Group; Dallas (TX); On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a skilled Private Lending Underwriter to join their dynamic team in Dallas. This role is pivotal in assessing and underwriting loans for high-net-worth clients, ensuring compliance with bank standards while fostering relationships across various divisions. The ideal candidate will leverage strong analytical skills and a solid understanding of credit analysis to develop tailored loan solutions. With a commitment to diversity and inclusion, this firm offers an engaging work environment where your contributions will directly impact clients' financial success. Join a forward-thinking company that values innovation and teamwork.

Qualifications

• 8-10+ years of experience in analyzing corporate credit.
• Strong knowledge of financial accounting, analysis, and modeling.

Responsibilities

• Evaluate loan opportunities and develop loan structures.
• Document loan structure and analysis for capital committee approval.
• Lead portfolio management activities and client interactions.

Skills

Analytical Skills

Credit Analysis

Communication Skills

Project Management

Financial Accounting

Modeling

Relationship Management

Education

Bachelor's Degree

MBA

CFA or CPA

Job description

Wealth Management

Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

Goldman Sachs Private Bank

Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client's wealth management goals. Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lenders and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards. All team members are employees of Goldman Sachs Bank, USA.

Private Lending Underwriting

Private Lending Underwriting (PLU), based in Dallas, TX, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients. In this capacity, PLU assesses, underwrites, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process includes a thorough analysis of the borrower's financial condition, assessment of collateral securing the loan, identification of risks and mitigants, among other items. This role will focus on loans with private company assets as collateral, but other loans may include commercial real estate, GS and third-party private equity/hedge funds (including co-invest facilities), aircraft, fine art, hobby properties, private company stock, yachts, marketable securities, etc.

PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. In addition, PLU participates in various business-related initiatives, such as new product development and systems/operational enhancements.

Private Lending is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. PLU employees are employees of Goldman Sachs Bank USA.

This is a client facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Use strong analytical and technical skills as well as fundamental credit analysis to evaluate loan opportunities and develop loan structures that satisfy clients' needs and meet GS Private Bank risk and return requirements


• Work closely with the Regional Lending Team to source and identify potential transactions


• Develop and maintain a thorough understanding of the Bank's risk tolerance and deal structure preferences. Ensure consistency and quality in the underwriting process


• Develop working relationships with GSAM Private and Investment Banking divisions, to supplement diligence, as needed and to the extent firmwide relationships add value to the understanding of credit decisions


• Document the loan structure and analysis for capital committee approval


• Participate in loan document negotiation, ensuring that terms are consistent with the approved capital committee structure and that appropriate internal ratings are assigned to each loan transaction


• Lead portfolio management activities for positions, including client interaction


• Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained


• Interact with banking regulators on an as-needed basis. Provide other support of GS Bank USA's loan portfolio as requested


• Develop and implement training materials for all team members; recruit and retain underwriting team members


• Foster and coordinate strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and GS Bank USA personnel

SKILLS & EXPERIENCE WE'RE LOOKING FOR

• A Bachelor's degree (MBA preferred for a more senior role)


• CFA or CPA a plus


• 8-10+ years of work experience analyzing corporate credit (mortgage or insurance underwriting is not relevant for this role)


• Relevant work experience in leveraged finance, commercial banking, and/or other private or public credit market roles


• Key skills include detailed knowledge of financial accounting, analysis, and modeling


• Excellent communication skills, both oral and written


• Strong project management, multi-tasking, and work organization skills


• Flexible, personable, confident, and self-motivated while focusing on being a team player


• Desire to be part of a dynamic and growing business


• No licensing required for this role

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2025. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.