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

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. Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management makes domestic tax credit equity investments and loans and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth, with a primary focus on affordable housing. 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 $25 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.

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

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview

CORPORATE TITLE

Vice President

OFFICE LOCATION(S)

Dallas

JOB FUNCTION

Investing & Portfolio Management - Private

DIVISION

Asset & Wealth Management