Asset & Wealth Management, Urban Investing Group, Real Estate Associate – New York Full Time

We are seeking an Associate to join our New York team within Real Estate.

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

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, 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 to solve entrenched challenges facing underserved communities
• Desire to create positive change through double-bottom-line investments in real estate impact investing
• Interest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexities

Source: Goldman Sachs Career Page

Tagged as: Investment Bank, REPE Firm