Merchant Banking Division, Energy and Infrastructure Investing Team, Program Associate/ Senior Associate- New York

Location(s) US-NY-New York
Job ID
2020-63690
Schedule Type
Full Time
Level
Associate
Function(s)
Private Equity
Region
Americas
Division
Merchant Banking Division
Business Unit
Alternative Energy
Employment Type
Employee

MORE ABOUT THIS JOB

The Merchant Banking Division (“MBD”) within Goldman Sachs (“GS”) is a $140 billion alternatives investment platform with strategies across equity, credit, and real estate investing. The Energy and Infrastructure team manages $9 billion of equity investments across both corporate equity funds, infrastructure funds as well as the GS balance sheet. This team takes a highly differentiated, holistic approach to energy and infrastructure investing and evaluates opportunities across sectors including, renewable energy, clean technology and decarbonization, traditional oil & gas, conventional power generation, industrial / essential services, transportation, and telecommunications. Access to multiple pockets of capital allows the team to evaluate a wide range of risk / return profiles and investment types, including leveraged buyouts, management build-ups, greenfield projects, growth capital and structured securities.

 

The private equity strategy of MBD is currently investing from a ~$7 billion corporate equity fund and ~$3 billion infrastructure fund. MBD expects to be fundraising for both of these strategies in 2020, as growing AUM in MBD is a key pillar of growth for GS broadly.

RESPONSIBILITIES AND QUALIFICATIONS

Program Associate- Role Overview and Responsibilities 

This position will work directly with Managing Directors, Vice Presidents and Senior Associates as part of small teams (3-4 investment professionals) that are responsible for the sourcing, diligence, acquisition, structuring and execution of investment opportunities and monitoring/ management of existing portfolio companies. Program Associates receive a diverse experience and are staffed across all energy and infrastructure sub-sectors. This team has a strong track record of promoting from within to Senior Associate roles. Examples of key responsibilities includes:

  • Complex financial modeling
  • Researching and assessing potential investment opportunities
  • Assisting in developing investment theses
  • Participate in structuring and negotiating transaction documentation
  • Building relationships with management teams and partners
  • Preparation of investment committee materials
  • Monitoring new and existing portfolio investments

Program Associate- Qualifications:

This team is looking for individuals with 2+ years of investment banking or private equity experience who have a commitment to excellence, a demonstrated interest in investing, and strong skills in finance. Other specific skills include:

  • Strong financial analysis / modeling experience
  • Ability to self-direct, analyze and evaluate and form independent business judgments
  • Interest in pursuing a career in the energy and infrastructure space, although previous experience is not required
  • Investing acumen
  • Top tier teamwork skills
  • Excellent communication, writing and presentation skills

Senior Associate- Role Overview and Responsibilities 

As members of a small investment team (3-4 investment professionals) Senior Associates are responsible for the sourcing, diligence, acquisition, structuring and execution of investment opportunities and monitoring / management of existing portfolio companies.  As a career track role Senior Associates are also responsible for overseeing the work of Program Associates and providing mentorship to junior members of the team.  Examples of key responsibilities include:

  • Researching and assessing potential investment opportunities
  • Complex financial modeling
  • Assisting in developing investment theses
  • Participate in structuring and negotiating transaction documentation
  • Building relationships with management teams and partners
  • Preparation of investment committee materials
  • Monitoring new and existing portfolio investments

Senior Associate- Qualifications:

The ideal candidate will have 2+ years of investment banking experience along with an additional 2+ years of direct investment experience.  Graduation from a top tier MBA program is a plus.  Other specific skills include:

  • Strong financial analysis / modeling experience
  • Ability to self-direct, analyze and evaluate and form independent business judgments
  • Interest in pursuing a career in the energy and infrastructure space, although previous experience is not required
  • Investing acumen
  • Top tier teamwork skills
  • Excellent communication, writing and presentation skills

ABOUT GOLDMAN SACHS

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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