Asset & Wealth Management, Urban Investment Group, Acquisitions Associate - New York

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

Urban Investment Group

Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management makes tax credit equity investments, real estate investments and loans, and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth.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.

We are seeking an Associate to join the Acquisitions team in New York.

Key Responsibilities:

• Source and lead the evaluation of potential investment opportunities by reviewing a project's social impact, financial projections, evaluating risk, proposing terms, and modeling returns
• Develop and nurture relationships with sponsors, private, public sector and not-for-profit partners, LIHTC developers and syndicators, community development organizations, and trade organizations
• Execute deals, which includes sourcing opportunities, underwriting, negotiating term sheets and legal documents, presenting to internal investment committee, and working with various internal teams such as Legal, Tax, Compliance, Controllers and Credit
• Work with the asset management team for investments, including monitoring construction, financing and leasing activity, overseeing Section 42 and other tax compliance, tracking overall portfolio performance and risk, and working with partners on successful execution of business plans
• Build and maintain strong relationships with existing and new partners through frequent client calls and industry conference attendance. Participate in industry-wide initiatives to build pipeline and capacity for the team
• Provide technical training to more junior team members, and support for their development and growth within the team and firm

Qualifications:

• At least 2-3 years of work experience in Investment Banking, real estate debt, tax credit investing, or impact investing
• Passion for impact investing and real estate
• Desire to work as part of an inclusive and diverse team
• Interest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexities
• Demonstrated leadership skills, strategic thinker, and ability to work independently
• Ability to successfully adapt to change, manage conflicting agendas, and navigate complex relationships, transactions, and deal structures
• Demonstrated analytical skills and mastery of Microsoft Excel, Word, and Power Point.
• Strong written and verbal communication skills with the ability to present strategies and business decisions clearly and concisely
• Strong client engagement skills
• Experience with non-profit mission-driven developers is a plus but not required

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

Salary Range

The expected base salary for this New York, New York, United States-based position is $150,000-$225,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.