Global Banking & Markets - New York - Associate, Banker – Industry/Country Coverage - 10113155

Goldman Sachs•New York, NY

2d•$175,000 - $225,000•Onsite

About The Position

Conduct detailed financial analysis on individual, public, and/or privately held companies to assess transaction opportunities, focusing specifically on potential secondary transactions (as commonly understood) executed on behalf of financial sponsors and other financial institutions. Review financial reports, statements, budgets, forecasts and other financial information as provided by clients for the purpose of providing advice to those clients on potential transactions. Design custom reports to assist Firm’s clients and/or their portfolio companies in making strategic decisions on potential investment banking transactions by outlining the benefits and considerations of a particular transaction, including against specific and bespoke client objectives. Engage with investment team members at clients and management at their underlying companies to build relationships and coordinate information requests needed for analysis. Produce detailed fund level analysis showing potential returns for limited partners and other investors in sponsor-managed vehicles based on bespoke equity waterfalls for each transaction. Engage with potential investors in secondary transactions, including continuation vehicles, by conducting initial outreach, marketing discussions, and tracking of investor status and feedback. Liaise with and coordinate other transaction advisors such as lawyers, accountants, consultants, and valuation experts to ensure a smooth process on behalf of clients.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Finance, International Economics and Finance, Economics, Business Administration, or related field
Two (2) years of experience in the job offered or in a related role.
Two (2) years of experience with developing and reviewing financial models including operating models, mergers and acquisitions, discounted cash flow, or leveraged buyout.
Two (2) years of experience analyzing company data, including strategic operating plans, documentation of live transactions, regulatory filings, annual reports & other public disclosures.
Two (2) years of experience preparing bespoke fund level financial models showing gross and net investor returns for each transaction based on proposed equity waterfalls including management fees and carried interest.
Two (2) years of experience effectively using private markets data sources such as Preqin and PitchBook to source information and conduct analysis on broader market trends including DPI analysis by cohort, rebased to time zero.
Two (2) years of experience reviewing limited partnership agreements for key commercial and economic terms that can impact returns (e.g., quantum, timing, and allocation of cash flows) and risk profile.
Two (2) years of experience with private placement rules within US at federal and state level as well as for key international jurisdictions.

Nice To Haves

Domestic and international travel required approx. 10% of time for live transactions and origination meetings.

Responsibilities

Conduct detailed financial analysis on individual, public, and/or privately held companies to assess transaction opportunities, focusing specifically on potential secondary transactions executed on behalf of financial sponsors and other financial institutions.
Review financial reports, statements, budgets, forecasts and other financial information as provided by clients for the purpose of providing advice to those clients on potential transactions.
Design custom reports to assist Firm’s clients and/or their portfolio companies in making strategic decisions on potential investment banking transactions by outlining the benefits and considerations of a particular transaction, including against specific and bespoke client objectives.
Engage with investment team members at clients and management at their underlying companies to build relationships and coordinate information requests needed for analysis.
Produce detailed fund level analysis showing potential returns for limited partners and other investors in sponsor-managed vehicles based on bespoke equity waterfalls for each transaction.
Engage with potential investors in secondary transactions, including continuation vehicles, by conducting initial outreach, marketing discussions, and tracking of investor status and feedback.
Liaise with and coordinate other transaction advisors such as lawyers, accountants, consultants, and valuation experts to ensure a smooth process on behalf of clients.