The Goldman Sachs Group, Inc

Asset & Wealth Management, Urban Investment Group, Head of Asset Management, Vice President - Dallas

The Goldman Sachs Group, Inc$150K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited university
  • 7-10+ years in asset management and real estate transactions
  • Advanced Excel and solid real estate modeling skills; experience with Argus, Yardi, or RealInsight is a bonus
  • High attention to detail and analytical mindset
  • Strong written and verbal communication abilities
  • Proven capability in managing relationships with internal and external stakeholders
  • Ability to thrive in a fast-paced environment, prioritizing effectively
  • Self-motivated with a collaborative mindset
  • Passionate about addressing challenges in underserved communities
  • Interest in public sector collaboration related to real estate investment

Responsibilities

  • Manage and lead a global team of Asset Managers across UIG investments
  • Oversee a portfolio of varied investments financing real estate developments
  • Develop asset valuation models and execute business plans while managing financials
  • Prepare and supervise monthly/quarterly reporting, collaborating with third parties
  • Build relationships with external partners and internal real estate counterparts
  • Drive asset strategy execution and performance data analysis with UIG leadership
  • Manage asset disposition efforts, including negotiations and investment presentations

Benefits

  • Opportunities for professional development and technical training
  • Engagement with impactful initiatives such as affordable housing and community reinvestment
  • Collaboration with a diverse team across multiple locations
  • Chance to affect long-term change in underserved communities
  • Involvement in significant projects contributing to social equity and economic growth
Full Job Description
Job Description

Goldman Sachs Bank USA seeks a Head of Asset Management in Dallas, TX to join the Urban Investment Group (UIG) Asset & Wealth Management team within Real Estate.

Responsibilities:
  • Manage, develop and lead a global team (including team members in India, Dallas and New York City) of Asset Managers across UIG investments
  • Manage all or a portion of a portfolio of debt, equity and tax credit investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities
  • Oversee internal asset valuation modeling, business plan preparation and execution, developing monthly cash flow projections, supporting leasing strategy, collecting financials and reviewing budgets
  • Oversee preparation of monthly and/or quarterly reporting, and working with third parties, including operating partners, brokers and property management companies
  • Build and manage relationships with external operating partners and internal counterparts across GS's real estate investing and asset management platform
  • Develop and support execution of asset strategy, including financial and asset performance data, in conjunction with UIG leadership, investing personnel and operating partners
  • Oversee 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 and evaluate market trends, rental rates and occupancy trends to update investment assumptions within models
  • 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
  • Manage appropriate cadence for asset site visits
  • Work closely with internal stakeholders such as Finance, Compliance and Legal
  • Maintain performance reports for internal tracking and reporting
  • Ensure technical training is available to junior team members, and support for their development and growth within the team and firm

Qualifications:
  • Bachelor's degree from a four-year college or university
  • Minimum 7-10+ years of asset management and transaction experience, ideally with asset management experience across multiple real estate product types
  • Solid real estate modeling skills with advanced Excel skills; experience with Argus, Yardi or RealInsight 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
  • Demonstrated ability to successfully 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 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.

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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.

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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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