Associate

About the Role

The Private Lending Underwriting (PLU) team in Bengaluru is primarily responsible for underwriting loans for GS Private Wealth Management (PWM) clients. PLU assesses, underwrites, documents, and monitors the credit and business risks associated with loan transactions. This involves a thorough analysis of the borrower's financial condition, assessment of collateral, and identification of risks and mitigants. PLU also ensures adherence to bank-approved underwriting standards and participates in business initiatives like new product development and operational enhancements. PLU is part of GS Private Bank (PB) and its employees are employees of Goldman Sachs Bank USA.

Key Responsibilities

• Evaluate all risk and economic implications of transactions using strong analytical and technical skills.
• Work closely with the Regional Lending and Underwriting Team to conduct periodical reviews of client's financial position and collateral performance, assessing if they remain within acceptable risk parameters for the Bank.
• Develop and maintain a thorough understanding of the product suite offered in Private Lending.
• Ensure consistency in the underwriting and review process with the standards prescribed in the Product Lending Guides.
• Document the loan structure and analysis for credit approval and file documentation purposes.
• Ensure loan documentation aligns with approved terms and appropriate risk ratings are assigned to each loan transaction.
• Confirm compliance with all covenant and collateral monitoring procedures.
• Ensure loan approvals and policy exceptions are documented appropriately and credit files are maintained satisfactorily.
• Interact with banking regulators as needed and provide other support to GS Bank USA’s loan portfolio as requested.
• Foster strong communication with Regional Underwriting and Private Lending teams, Credit Risk Management, PWM teams, clients, and GS Bank USA personnel.
• Operate independently, ensuring efficient client relationship management with ownership of loan aspects tracked and addressed effectively and timely.
• Ideate and execute projects to improve process efficiency, aiming to enhance time and risk management.

Requirements & Tech Stack

• CA Fresher or experienced.
• CPA or CFA is a plus.
• 1-3 years of work experience in a financial field (mortgage or insurance underwriting is not relevant for this role).
• Relevant work experience in commercial banking and/or private banking underwriting or credit roles.
• Key skills include detailed knowledge of financial accounting, analysis, and modeling.
• Excellent communication skills, both oral and written.
• 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.
• No licensing required for this role.

Qualifications

• CA Fresher or experienced.
• CPA or CFA a plus.
• 1-3 years of work experience in a financial field.
• Relevant work experience in commercial banking and/or private banking underwriting or credit roles.
• Detailed knowledge of financial accounting, analysis, and modeling.
• Excellent communication skills, both oral and written.
• 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.