Asset Management Operations-Dallas-Senior Associate-Commercial Real Estate Execution & Closing
Posted 15 days ago
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The Senior Associate on the Asset Management Real Estate Operations Core Services team will support and manage the closing of commercial real estate transactions, including acquisitions, dispositions, financings, construction, development, and asset management across asset classes. Responsibilities include reviewing and abstracting purchase and sale agreements, ordering and reviewing title commitments, surveys and appraisals, working with outside counsel, preparing closing statements and sources & uses, and managing document execution and cash flows. The role requires 5-7 years' experience closing commercial real estate transactions, strong project management and customer service skills, excellent verbal and written communication, and proficiency in Word and Excel. The position collaborates cross-functionally with investing professionals, legal, tax, compliance, controllers and other operational teams.
- Compensation
- Not specified
- City
- Dallas
- Country
- United States
Currency: Not specified
Full Job Description
ASSET MANAGEMENT
The Asset & Wealth Management Division (AWM) invests in corporate equity and debt, real estate equity and debt, and infrastructure-related assets and companies. The Asset Management Private investing business operates on a global platform and our team works in a fast-paced, exciting environment. We look for individuals with versatile skills and a passion for investing.
YOUR IMPACT
The Asset Management Division (AWM) Real Estate Operations team is seeking an Associate to join the Real Estate Core Services team offering dedicated support for the closing of Real Estate transactions. The ideal candidate will have at least 5-7 years of experience closing commercial real estate related transactions. Experience with both direct real estate transactions and lending/borrowing transactions is preferred. AWM is focused on a wide range of real estate activities and transactions, including acquisition, disposition, financing (both lending and borrowing), construction, development, and asset management. Asset classes include office, retail, multifamily, hospitality and industrial. The Closer position will provide support for many facets of the closing process related to these types of transactions, as well as general transaction project management. Excellent organizational, project management and customer service skills are required. The candidate must be a self-starter, have excellent verbal and written communication skills, be proficient in Word and Excel, and enjoy working in a team environment.
OUR IMPACT
The Real Estate operations team members will become subject matter experts within Operations who play a critical role in establishing new processes, transitioning functions from other parts of the business whilst supporting bespoke and varied transactions. New products/ business, entity creation, trade support & settlement, asset servicing, infrastructure enhancements and cross-regional co-ordination are core activities. The scope of the role and team is expected to evolve and expand as functions transfer into the team and scope of the real estate investment mix changes.
HOW YOU WILL FULFIL YOUR POTENTIAL
This is an exceptionally diverse role that entails collaboration with Investing Professionals, Portfolio & Asset Managers, Capital Markets, Strategists, Controllers, Legal, Technologists, Risk, Credit, Tax, Compliance & cross Operational groups.
The successful individual will be expected to work in a team of professionals and be able to be commercial, critical & creative whilst ensuring the highest level of risk management.
- Gain an in depth & comprehensive understanding of a wide range of real estate investments, processes, bespoke transactions and corporate practices / governance
- Partner with the Business and Federation to provide subject matter and system knowledge expertise
- Exhibit excellent judgement & problem solving skills, particularly in the context of a new team with or without existing precedents
SKILLS AND EXPERIENCE WE ARE LOOKING FOR
- Bachelors’ Degree or equivalent
- 5-7 years’ experience in a similar role with experience in closing Real Estate Transactions
- Review and abstract purchase and sale agreements and monitor the due diligence process and critical dates from term sheet/contract execution to closing
- Order and review title commitments/updates, surveys, and zoning reports, assist with curing defects
- Order appraisals and ensure compliance with appraisal policies
- Work with outside counsel on document preparation
- Work with internal business teams to ensure transaction process follows compliance guidelines
- Manage document execution and delivery
- Preparation of closing statements, including income and expense proration schedules
- Liaise with the title company and external counsel on closing requirements
- Prepare sources and uses of funds to calculate equity contributions
- Monitor cash flow
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
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
