The Goldman Sachs Group, Inc

GBM - Private, CSG - Vice President, Lead Underwriter - Commercial Real Estate Financing Group - Asset Originations, Dallas TX

The Goldman Sachs Group, Inc • $160K — $200K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years in commercial real estate underwriting and structuring, specifically in CMBS or balance sheet lending.
  • Experience with various property types including multifamily, office, retail, industrial, and hospitality.
  • Proven ability to lead transactions in collaboration with sponsors and brokers.
  • Previous management or mentorship experience with junior underwriters.
  • Excellent writing and presentation skills for effectively communicating credit analysis and recommendations.
  • Strong collaborative skills to work across multiple functions such as originations and legal.

Responsibilities

  • Lead underwriting and transaction management for diverse commercial real estate deals.
  • Conduct thorough credit analysis and investment rationale for assigned transactions.
  • Negotiate deal terms directly with sponsors and brokers, focusing on reserves and covenants.
  • Prepare credit memoranda for approval committees and present underwriting recommendations.
  • Perform scenario and stress testing to guide structuring and pricing decisions.
  • Mentor and develop a team of Associates and Analysts in underwriting and analytical skills.
  • Coordinate with various stakeholders to ensure seamless transaction closure.

Benefits

  • Access to competitive health and wellness offerings.
  • Professional development opportunities and resources.
  • Supportive work environment fostering collaboration and leadership.
  • Flexible working arrangements available for eligible employees.
Full Job Description
Job Description

Commercial Real Estate Finance Group (CREFG) Asset Originations

The Commercial Real Estate Finance Group (CREFG) Asset Originations team is responsible for the underwriting, structuring, and closing of commercial real estate loans across our CMBS and balance sheet lending platforms. Our team partners closely with originators to evaluate opportunities, structure transactions, assess credit risk, and lead deals from initial underwriting through closing.

Role Overview

We are seeking an experienced Vice President and Lead Underwriter to manage complex commercial real estate debt transactions while leading and developing a team of underwriting professionals. This individual will combine hands-on transaction leadership with mentorship of Associates and Analysts and will play a key role in driving credit decisions and transaction execution.

Responsibilities
• Serve as the lead underwriter and primary transaction manager on commercial real estate transactions across property types providing direction to Associates and Analysts throughout the underwriting and closing process.
• Lead the credit analysis and investment rationale on assigned transactions, including cash flow analysis, sponsor assessment, property valuation, and risk evaluation
• Engage directly with sponsors and brokers on deal terms, negotiating reserves, covenants, and structural provisions
• Prepare and present underwriting recommendations and credit memoranda for approval committees.
• Run scenario and stress testing to inform structuring and pricing decisions
• Manage, train, and mentor a team of Associates and Analysts, building strong underwriting judgment and technical skill
• Coordinate with capital markets, credit, legal, borrowers, and third-party advisors to drive transactions through closing.

Qualifications
• 8+ years of commercial real estate underwriting and structuring experience, including CMBS and/or balance sheet lending
• Experience underwriting across major property types (multifamily, office, retail, industrial, hospitality)
• Strong track record leading deals directly with sponsors and brokers
• Prior experience managing or mentoring junior underwriting talent
• Strong writing and presentation skills, with demonstrated success presenting and influencing decisions in credit committees and similar approval forums.
• Collaborative team player who works well across originations, credit, and legal functions
• Bachelor's degree required; CFA/MBA a plus but not required

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .

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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