Associate, Real Estate Asset Management

Company/ Firm Name

Goldman Sachs Asset Management

Location

London, UK

Published Date

23 June 2022

About the job:

ASSET MANAGEMENT



A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. 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. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.



Primary responsibilities will include strategic management oversight of a portfolio of 10-15 assets (Core+, Value Add and Opportunistic risk profiles including ground up development) initially focussed on Central London Office and UK Logistics strategies. Key functions include; providing relevant UK market insight to the wider team, supporting the investment team on new deal underwrites, business plan preparation and presentation, cash flow projections / performance reporting, oversight of third party operating partners, capital plan oversight, business plan execution, and ultimate disposition of real estate assets.


Responsibilities and Qualifications



Responsibilities:

  • Primary responsibilities will include asset managing a portfolio of 10-15 assets

  • Formulate and execute asset management strategies to maximize asset performance through knowledge of real estate markets and by driving specialist operating partners through strategic oversight and commercial value add and market insight

  • Provide oversight of third parties who perform the day-to-day operations of the assets, including, but not limited to operating partners and property management companies, conduct weekly / monthly calls and asset visits, negotiate commercial leases and other relevant agreements

  • Prepare and present business plans, including financial and asset performance data

  • Establish strategic goals in conjunction with the Investment team for the asset including leasing and disposition strategy

  • Track relevant UK Real Estate Market, research, analysis and summarise industry transactions / trends to internal stakeholders

  • Support the acquisition of real estate investment opportunities through due diligence and underwriting efforts

  • Review and analyze various asset reports from third parties, including monthly PMC operating reports, accounting files, CapEx projections and monthly Rent Rolls

  • Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing

  • Work closely with internal stakeholders such as Finance, Compliance, Tax and Legal




Basic Qualifications:



  • Strong academic background - real estate, economics, accounting or math background preferred

  • 5+ years of real estate experience with a focus on asset management and transaction experience in multiple product types (office, industrial, retail, etc.)

  • Preference for candidate with MRICS Qualification

  • Preference for a candidate with existing existing market relationships in UK Real Estate Market

  • Solid analytical/logical mindset and attention to detail

  • Strong written and verbal communication skills (clear, concise, and confident) with the ability to  manage internal and external relationships

  • Broad range of Real Estate Valuation experience (eg: cross asset class / RE vs Corporate)

  • Must know MS Office Excel to an advanced level. Proficiency in Argus also is preferable

  • Self-motivated with 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



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


Only Successful Candidates will be contacted