The Goldman Sachs Group, Inc

Asset & Wealth Management, Urban Investing Group, Real Estate Associate - Dallas

The Goldman Sachs Group, Inc$95K — $115K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, real estate, accounting or math preferred
  • Minimum 5 years of experience in real estate loan asset management
  • Strong analytical skills with attention to detail
  • Excellent communication skills for strategy presentation
  • Proficiency in real estate modeling, advanced Excel, and preferably Argus
  • Ability to work autonomously and collaboratively in a fast-paced environment
  • Commitment to solving challenges for underserved communities

Responsibilities

  • Support management of a real estate portfolio including debt and tax credit investments
  • Assist in maximizing asset value and reporting
  • Conduct internal valuation modeling and business plan development
  • Prepare financial projections, leasing strategies, and ensure compliance
  • Lead asset disposition including contract negotiations and investment presentations
  • Research market trends to continuously refine investment assumptions
  • Oversee third-party service provider relationships and operations

Benefits

  • Commitment to employee diversity and inclusion
  • Professional development opportunities available
  • Wellness and personal finance benefits
  • Mindfulness programs offered
  • Support for candidates with special needs during the recruiting process
Full Job Description
Job Description

Urban Investment Group

Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management makes tax credit equity investments, real estate investments and loans, and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth. UIG manages the investing and lending strategies for GS Bank USA's Community Reinvestment Act requirements and the firm's investments in Opportunity Zones and is a significant contributor to the firm's One Million Black Women and 10,000 Small Businesses initiatives. Real estate investments range from opportunistic ground-up development to core plus acquisitions of affordable and workforce housing portfolios. UIG has committed over $23 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.

We are seeking an Associate to join our Dallas 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

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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