Asset & Wealth Management, Loan Asset Management, Real Estate Credit Partners EMEA, Vice President, London
Goldman Sachs
Application
Details
Posted: 21-Jan-23
Location: London, United Kingdom
Type: Full Time
Salary: Open
Internal Number: 18207578
ASSET & WEALTH MANAGEMENT
Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:
Investors, spanning traditional and alternative markets offering products and services
Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions
Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals
TEAM & ROLE OVERVIEW
We are looking for a Vice President to join the EMEA Real Estate team in London to focus on the Loan Asset Management ("LAM") of the European investments of the Real Estate Credit Partners ("RECP") fund series. RECP is one of the world's largest performing real estate credit originators and is currently fundraising for its fourth fund, having invested more than $18bn since 2009.
The RECP portfolio consists of investments in high yielding, senior, mezzanine and construction loans to high quality sponsors across Europe. The role will include direct responsibility for managing the existing investments day to day, liaising with third party servicers and Goldman Sachs LAM teams in Dallas and Bangalore, reporting on the risk across the portfolio to senior management and working with the investing team on the origination and underwriting of new Investments. RESPONSIBILTIES
Working closely with the investing team to assist with the origination and underwriting of new loan positions for the fund
Developing a deep understanding of the exposures and associated risks across the book
Taking the lead with borrower interactions on all positions post drawdown
Analysing and understanding the underlying collateral of the positions, including regular site visits where applicable
Working closely with project monitors and the internal GS construction team for all construction loans
Lead all legal workstreams post drawdown
Review and approval of any new leasing requests across the secured collateral
Taking the lead on any restructures post initial drawdown including preparation of internal memos and presenting to Investment Committee
Oversight of a team in Bangalore who will assist with the asset management, administration and analytics across the portfolio
Providing performance updates to senior management both regularly and on ad hoc basis where there are changes to underwritten risk
SKILLS & EXPERIENCE REQUIRED
Strong financial/numerical literacy
Ideal candidate will possess a relevant degree in Finance, Business, or other applicable field and have an excellent academic and professional record
[5-6] years' experience required - prior experience in a loan asset management role in a similar organisation preferable
Highly motivated with potential to develop in a challenging role
Detail oriented and with a strong sense of ownership
Strong interpersonal and communication skills
A proactive team player with a strong sense of urgency, responsibility and ability to influence
High proficiency in Microsoft Office tools, with strong skills in Excel and Power point
Excellent multi-tasking abilities with strong organizational and time-management skills
Ability to work well under pressure alone and in a team with a positive, hands-on, proactive attitude
Fluency in English - other European languages a plus
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.
Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
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