AWM | Private Bank | Commercial Real Estate Underwriting | Dallas

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.

Goldman Sachs Private Bank Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client’s wealth management goals.  Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management.  Our lenders and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards.  

All team members are employees of Goldman Sachs Bank, USA. Your Impact As a member of the Private Bank Commercial Real Estate Underwriting team, you will play an integral role in evaluating, structuring, and executing CRE-secured credit facilities for ultra-high-net-worth individuals, families, family offices, and private investment entities. You will conduct property- and borrower-level analysis, assess key risks and mitigants, prepare credit recommendations, and partner across the Private Bank to deliver thoughtful lending solutions while maintaining a disciplined approach to credit risk.

Depending on experience and level, you will support or lead the end-to-end underwriting and execution of transactions across multiple property types and lending structures. More experienced professionals will independently manage complex transactions, lead client and credit committee discussions, provide subject-matter expertise, mentor junior team members, and contribute to underwriting standards and process improvements.

Key Responsibilities CRE Credit Analysis, Underwriting and Structuring Support or lead the underwriting and structuring of CRE credit facilities, including bridge loans, term loans, acquisition financing, construction and development facilities, and entity-level credit backed by diverse real estate holdings.

Analyze property-level financial performance, including rent rolls, operating statements, historical performance, capital plans, construction budgets, leases, and third-party reports.

Develop and review underwriting models incorporating net operating income, discounted cash flow, cap-rate sensitivity, debt service coverage, loan-to-value, loan-to-cost, and stress scenarios.

Evaluate borrower, sponsor, and guarantor financial strength, including liquidity, leverage, cash flow, global exposure, and contingent liabilities.

Assess property fundamentals and market conditions, including supply and demand, comparable transactions, tenant performance, geographic concentration, valuation trends, and interest-rate sensitivity.

Structure or support the development of credit terms, covenants, reserves, recourse and guaranty frameworks, collateral packages, and monitoring requirements.

Prepare high-quality credit memoranda, approval materials, risk assessments, and recommendations for senior credit committees. Transaction Execution and Partnership Partner with Underwriters, Bankers, Capital Advisors, Investors, Structured Lending, Risk, Legal, and Operations to facilitate timely credit approval and execution.

Coordinate transaction diligence, including appraisals, environmental reports, construction budgets, leases, market studies, and other third-party reviews.

Support or lead discussions with clients and their advisors regarding underwriting requirements, structuring considerations, outstanding diligence, and transaction timelines.

Coordinate documentation, internal approvals, closing requirements, onboarding activities, and resolution of outstanding transaction items.

Manage multiple transactions and priorities in a fast-paced…