The Goldman Sachs Group, Inc

AWM, Private Bank, Capital Call Financing (CCF) Underwriter, Associate- Dallas

The Goldman Sachs Group, Inc$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years in underwriting, lending, banking, or credit roles
  • Strong understanding of fund finance
  • Detailed knowledge of financial accounting and modeling
  • Excellent communication and project management skills
  • Personable, confident, and self-motivated team player
  • Desire to be part of a dynamic business
  • No licensing required

Responsibilities

  • Evaluate risk and economic implications of transactions
  • Advise clients and develop credit solutions
  • Maintain understanding of CCF products
  • Diligence private equity fund and sponsor track records
  • Build and maintain borrowing base certificates and financial models
  • Document loan structures and analyses for approval
  • Ensure compliance with loan documentation and monitoring procedures

Benefits

  • Access to extensive industry training and development
  • Participation in a dynamic and growing business environment
  • Strong potential career advancement opportunities
  • Collaboration with a diverse team of financial professionals
Full Job Description
Job Description

Your Impact

Capital Call Financing (CCF)

The Private Lending Capital Call Financing team provides fund-level financing in the form of capital call / subscription facilities collateralized by the uncalled capital of a fund's limited partners. These facilities enhance fund returns, accelerate access to capital, reduce capital call frequency, and bridge to asset-secured leverage. The CCF business is an integral part of the Private Bank's alternative asset lending capabilities, enabling the Bank to offer credit facilities at both the GP investor level for personal liquidity and cash flow management and the fund level to enhance financial flexibility throughout a fund's life.

CCF Underwriting assesses, documents, and monitors the credit and business risks incurred in CCF transactions. The underwriting process includes a thorough analysis of the private equity fund sponsor, the collateral (limited partners committing to the fund), and the loan structure. CCF Underwriting also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented.

Private Lending is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. CCF employees are employees of Goldman Sachs Bank USA.

HOW YOU WILL FULFILL YOUR POTENTIAL
  • Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
  • Advise and develop credit solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
  • Develop and maintain a thorough understanding of the CCF product offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Lending Guide
  • Diligence private equity fund and sponsor track records, financials, LPs, PPMs, and LPAs across various strategies (e.g., buyout, real estate, infrastructure, etc.)
  • Build and maintain borrowing base certificates and credit / financial models
  • Evaluate the credit implications of complex structured loans
  • Document the loan structure and analysis for credit approval and file documentation purposes
  • Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
  • Confirm compliance with all covenant and collateral monitoring procedures
  • Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
  • Interact with banking regulators on an as needed basis. Provide other support of GS Bank USA's loan portfolio as requested
  • Foster strong communication with clients, Credit Risk Management, PWM teams, and GS Bank USA personnel

SKILLS & EXPERIENCE WE'RE LOOKING FOR
  • 4 plus years of relevant work experience (underwriting, lending, commercial banking, private banking, investment banking, investor relations, private equity, and/or credit roles) and a strong understanding of fund finance
  • Detailed knowledge of financial accounting, analysis, and modeling
  • Excellent communication skills
  • Strong project management, multi-tasking, and work organization skills
  • Flexible, personable, confident, and self-motivated while focusing on being a team player
  • Desire to be part of a dynamic and growing business
  • No licensing required for this role

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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READ CAREERS BLOG

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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