Realty Management Division, US Real Estate Asset Manager, Associate- Dallas

Location(s) US-TX-Irving
Job ID
2017-24633
Schedule Type
Full Time
Level
Associate
Function(s)
Real Estate
Region
Americas
Division
Realty Management Division
Business Unit
Real Estate
Employment Type
Employee

MORE ABOUT THIS JOB

Realty Management

 

The Realty Management Division (RMD) plays an integral role in supporting the firm’s real estate investing strategy by providing investment and asset management services globally in the real estate market, partnering with other divisions in the firm to deliver results wherever Goldman Sachs has an interest. RMD serves as an extension to revenue divisions by providing services such as sourcing, acquisition, underwriting and due diligence of distressed and performing real estate and loan assets, asset management, portfolio management and disposition across various property types including office, multi-family, retail and hotel. Our division also manages residential loan portfolios and warehouse repo lines across auto, student, and consumer asset classes while providing structure, pricing and collateral analysis support. We look for individuals who are passionate about real estate and finance, have strong problem solving and analytical skills, and are great communicators who are eager to make an impact.

 

Goldman Sachs & Co, located in Irving, TX (Dallas), seeks an Associate in the US. Real Estate (USRE) group within the Realty Management Division (RMD). USRE supports real estate investing across multiple product types across the US. This includes sourcing, underwriting and due diligence, acquisitions, asset management, construction and development oversight, financings and dispositions for firm real estate investments.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

 

Primary responsibilities will include managing a portfolio of 5 to 10 assets, which includes managing business plan preparation and mid-year valuation updates, quarterly leasing and occupancy reviews, developing monthly cash flow projections, monthly and/or quarterly reporting, oversight of third party service providers, capital plan oversight, and disposition of real estate assets

  • Prepare and present business plans, including financial and asset performance data
  • Establish strategic goals for the asset including leasing and disposition strategy
  • Collect and review of various asset reports from third parties, including monthly PMC operating reports, accounting files, CapEx projections and monthly Rent Rolls
  • Engage and provide oversight of third parties which perform the day-to-day operations of the assets, including, but not limited to property managers, real estate brokers and construction managers, including weekly / monthly calls and asset visits
  • Evaluate real estate and other investment opportunities by preparing discounted cash flow models and other financial analyses using ARGUS and Excel
  • Formulate and execute strategies to maximize value through knowledge of real estate markets and value-add strategies
  • Assist in the development and presentation of real estate and other investment summaries with recommendations to senior management for approval
  • Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing
  • Work with consultants, 3rd party contractors, lenders and legal counsel
  • Conduct in-depth market research and portfolio analyses; understand industry trends 

Basic Qualifications

  • Strong academic background - 4 year finance, real estate, accounting or math background preferred
  • Minimum 4+ years of real estate experience with asset management and transaction experience in multiple product types preferred
  • Strong modeling and analytical skills
  • Strong written and verbal communication skills (clear, concise, and confident) with the ability to manage internal and external relationships
  • Must know MS Office Excel and Argus to an advanced level
  • Ability to work both autonomously and in a team setting
  • Able to work under tight time constraints and extended hours as required

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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