Asset Management
Asset Management is the primary investing area of Goldman Sachs. We provide investment and advisory services for some of the world’s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals. Working across asset classes in public and private markets, we oversee more than $2 trillion in assets under supervision globally. We build long-term relationships with clients who rely on us to help them navigate markets, manage risk and find innovative ways to meet their investment goals. We look for individuals who value our commitment to excellence, a passion for investing and a desire to build enduring relationships.
Structured Investing
The Goldman Sachs Structured Investing Group is a multi-disciplinary structuring team within Asset Management, specializing in optimizing the firm’s investing and financing activities. The team focuses on originating, structuring and executing investments and other transactions that affect the firm’s global tax, regulatory and accounting positions. We work on transactions with deal teams across Asset Management and the rest of the firm, as well as originate and execute our own transactions. This is a creative, analytical and execution-focused team, comprised of people with diverse structuring backgrounds who thrive in fast-paced, changing environments.
Job Description
One of the team’s main verticals is restructuring and originating investments where the firm acts as principal and the target’s tax profile is a key consideration. The successful candidate will have the opportunity to be responsible for all aspects of the transaction lifecycle, including:
• Originating new transaction opportunities by canvassing existing distressed positions within Asset Management and screening targets for new investments
• Designing bankruptcy/reorganization structures that achieve the firm’s objectives, negotiating them with external stakeholders, and directing their implementation
• Working with other Asset Management teams to underwrite new investments for the vertical
• Reviewing and negotiating transaction documents
• Modeling the impact of the transaction on the firm’s financial statements
• Managing the firm’s internal approval process for transactions
• Coordinating the firm’s resources for execution of transactions
• Monitoring and management of the book of investments (e.g. restructured positions, performing loans)
Target Candidate
• A US tax professional at a leading bankruptcy/restructuring law firm or Big 4 accounting firm
• Current practice focused on bankruptcy and restructuring; preference for debtor representation
• Well-versed in non-tax aspects of bankruptcy/restructuring
• Will also consider bankruptcy lawyers with proficiency in tax aspects of bankruptcy/restructuring as well as former lawyers in distressed investing/restructuring roles at banks/funds
• 3rd-4th year law associate (or equivalent)
• Must be able to work independently with minimum direct supervision
• Strong modeling skills (Excel) are preferable
• Strong team player
• Strong communication, negotiation and problem-solving skills
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
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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Location: New York, NY
Posted: Aug. 14, 2024, 7:52 a.m.
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