Global Banking

2 weeks ago


Bengaluru, Karnataka, India Goldman Sachs Full time

About Goldman Sachs

At Goldman Sachs, we connect people, capital, and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. For us, it's all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Global Banking & Markets

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

The Loan Management team is a business unit within the Global Markets Segment primarily supporting the Mortgage Loan Trading desk and Investment Banking's Real Estate Finance Group. The team is a multi-faceted diligence and asset management platform specializing in whole loan acquisition, sales, securitizations, and financing opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.

Candidate's role will have key responsibilities in underwriting/managing /overseeing commercial real estate loans that GS has interest in.

General

Work collaboratively to achieve department and firm objectives. Develop and maintain market relationships with appropriate vendors and other industry participants. Participate in structuring and execution of optimal financing solutions for external clients. Review loan level financings, appraisal review, and other activities that may require feedback from the debt originations or real estate finance groups. Present potential decisions' impact on assets and asset performance to senior leadership

Underwriting

Analyze and present opportunities and risks inherent in specific sectors and markets. Perform valuation analyses and due diligence related activities. Track and forecast operating cash flows from real estate assets using a combination of market data, property specific operating norms, actual performance data and GS specific standards required to evaluate, pursue, and close debt investment opportunities. Coordination of internal and external resources to analyze investments opportunities.

Asset Management

Oversee and/or directly manage a diverse portfolio of commercial real estate loans. Assist in all aspects of the asset management of a large and diverse commercial real estate loan portfolio including syndicated balance sheet loans and acquisition facilities. Review and evaluate Sponsor requests for escrow/future funding draws for renovations, capital expenditures, tenant improvements, leasing costs and other operating reserves. Assist in the evaluation, approval process and co-lender coordination of any Sponsor requested loan modifications. Review Guarantor and Borrower annual and quarterly financial statements to assess the financial strength of Sponsors and ensure covenant compliance. Partner with internal groups to respond to ad-hoc requests or compliance with various policies and procedures. Interact with property managers, third party vendors, borrowers, and law firms. Work on ARGUS and Excel cash flow modeling/forecasting in conjunction with the use of market sale and rent comps to determine real estate values across a variety of property types: multifamily, hospitality, retail, industrial, office, self-storage, senior living, etc. Monitoring business plan performance and making tactical and strategic recommendations, as appropriate.

Analysis & Reporting

Prepare and present transaction memos summarizing due diligence and credit analysis for obtaining internal approvals. Prepare and present quarterly business plan updates, market updates and factors affecting collateral value and ultimate stabilization timeline to Senior Management and internal clients for review and approval. Prepare and update monthly reporting packages for management and clients.

Basic Qualifications

Minimum 4 to 8 years of experience in originating/underwriting CRE loans and/or managing performing/distressed assets. Excellent communication skills, willingness to work as part of a larger team. Detail oriented with very strong organizational skills. Strong work ethic with the ability to meet deadlines. Strong financial modelling / Excel skills; Argus/Rockport proficiency is preferred. Familiarity with market research sources such as RCA, CoStar, Reis, etc. Experience with complex loan structures and documentation. Strong academic background

Preferred Qualifications

Excellent quantitative, verbal, and written communication skills Self-motivated, ability to work both autonomously and in a team setting. Solid analytical/logical mindset and attention to detail Strong sense of accountability and dedication to continuous improvement Ability to work under pressure and meet deadlines ensuring high quality output.

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 /careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.


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