Impact Real Estate Associate – Asset Management

Goldman Sachs Group, Inc.; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

Goldman Sachs Asset Management's Urban Investment Group in New York seeks an Associate to join the Real Estate team. You will support portfolio management of Real Estate Equity, Debt, LIHTC investments, and related facilities, helping maximize value and reporting.

You will work with senior members to develop cash flow projections, demand financials, and coordinate with operating partners. The role requires a Bachelor’s degree and real estate modelling skills, strong Excel abilities, and a

Qualifications

• Bachelor’s degree from a four-year college or university.
• Strong academic background - finance, real estate, accounting or math background preferred.
• At least 2-3 years of real estate experience.
• Advanced real estate modelling skills with Excel; 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.

Responsibilities

• Support senior members of the asset management team to manage a portfolio of Real Estate Equity, Debt, Letters of Credit and LIHTC 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 and growing relationships with third parties, including operating partners, brokers and property management companies.
• Prepare business plans, maintaining internal asset performance models, oversight of third-party service providers, capital plan oversight, and business plan execution.
• Support execution of debt strategies to maximize value through effective loan asset management.
• 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.

Skills

Real estate modeling

Excel

Argus experience

Analytical mindset

Communication skills

Teamwork

Education

Bachelor’s degree

Tools

Argus

Excel

Job description

Goldman Sachs Asset Management's Urban Investment Group in New York seeks an Associate to join the Real Estate team. You will support portfolio management of Real Estate Equity, Debt, LIHTC investments, and related facilities, helping maximize value and reporting.

You will work with senior members to develop cash flow projections, demand financials, and coordinate with operating partners. The role requires a Bachelor’s degree and real estate modelling skills, strong Excel abilities, and a