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

Goldman Sachs•New York, NY

3d•Onsite

About The Position

The Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management focuses on making tax credit equity investments, real estate investments and loans, and providing senior loan facilities to empower underserved communities and foster long-term equitable growth. UIG manages investment and lending strategies for GS Bank USA’s Community Reinvestment Act requirements and the firm’s investments in Opportunity Zones. It is a significant contributor to the firm’s One Million Black Women and 10,000 Small Businesses initiatives. Real estate investments span 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. This role is for an Associate on the Acquisitions team in New York.

Requirements

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

Nice To Haves

Experience with non-profit mission-driven developers is a plus but not required

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