Private Wealth Management, Capital Call Financing, Executive Director, London
Goldman Sachs
Application
Details
Posted: 19-Jun-24
Location: London, United Kingdom
Type: Full-time
Salary: Open
Internal Number: 20871270
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. 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
3+ 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