• Job Description

  Req#: 114118

  YOUR IMPACT

  Do you have a strong financial background, experience in underwriting or credit analysis, and a strong desire to work within the private equity industry? We are seeking candidates that are highly analytical and client focused to be part of our Private Lending Capital Call Financing Underwriting team, which is responsible for the underwriting and portfolio management of credit solutions for private equity sponsors and fund managers.

  OUR IMPACT

  Wealth Management

  Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

  Private Wealth Management (PWM)

  Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.

  Capital Call Financing (CCF)

  The Private Lending Capital Call Financing team provides fund-level financing in the form of capital call / subscription facilities collateralized by the uncalled capital of a fund’s limited partners. These facilities enhance fund returns, accelerate access to capital, reduce capital call frequency, and bridge to asset-secured leverage. The CCF business is an integral part of the Private Bank’s alternative asset lending capabilities, enabling the Bank to offer credit facilities at both the GP investor level for personal liquidity and cash flow management and the fund level to enhance financial flexibility throughout a fund’s life.

  CCF Underwriting assesses, documents, and monitors the credit and business risks incurred in CCF transactions. The underwriting process includes a thorough analysis of the private equity fund sponsor, the collateral (limited partners committing to the fund), and the loan structure. CCF Underwriting also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented.

  Private Lending is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. CCF employees are employees of Goldman Sachs Bank USA.

  HOW YOU WILL FULFILL YOUR POTENTIAL

  • Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
  • Advise and develop credit solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
  • Develop and maintain a thorough understanding of the CCF product offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Lending Guide
  • Diligence private equity fund and sponsor track records, financials, LPs, PPMs, and LPAs across various strategies (e.g., buyout, real estate, infrastructure, etc.)
  • Build and maintain borrowing base certificates and credit / financial models
  • Evaluate the credit implications of complex structured loans
  • Document the loan structure and analysis for credit approval and file documentation purposes
  • Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
  • Confirm compliance with all covenant and collateral monitoring procedures
  • Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
  • Interact with banking regulators on an as needed basis. Provide other support of GS Bank USA’s loan portfolio as requested
  • Foster strong communication with clients, Credit Risk Management, PWM teams, and GS Bank USA personnel

  SKILLS & EXPERIENCE WE’RE LOOKING FOR

  • A Bachelor’s degree, MBA preferred
  • CPA or CFA a plus
  • 10+ years of relevant work experience (underwriting, lending, commercial banking, private banking, investment banking, investor relations, private equity, and/or credit roles) and a strong understanding of fund finance
  • Detailed knowledge of financial accounting, analysis, and modeling
  • Excellent communication skills
  • Strong project management, multi-tasking, and work organization skills
  • Flexible, personable, confident, and self-motivated while focusing on being a team player
  • Desire to be part of a dynamic and growing business
  • No licensing required for this role

  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

  © The Goldman Sachs Group, Inc., 2023. All rights reserved.

  Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

• About the company

  The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City.

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