Asset & Wealth Management Associate

Asset & Wealth Management, Private, Life Sciences, Associate - San Francisco

A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment areas within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals. 

Life Sciences is a dedicated investing strategy within Goldman Sachs Alternatives.  The fund invests in innovative life sciences companies developing novel medicines with the potential to transform patient outcomes.  Launched in 2021, the strategy is currently investing out of its inaugural, $650mm fund. Goldman Sachs is seeking to hire an Associate for the Life Sciences Investing business. This position will have significant responsibility in identifying new investment opportunities, conducting due diligence, leading deal evaluation and execution, and advising portfolio companies on business, strategic and operational matters.

KEY RESPONSIBILITIES:

• Perform scientific and business due diligence on potential investment opportunities including primary diligence (e.g., management team presentations, data room access) and secondary diligence (e.g. academic literature, key opinion leaders, industry experts).
• Prepare business and financial analyses including company projections and valuation analyses
• Help prepare and revise investment related documentation including memos, term sheets, purchase agreements, and other related items
• Create scientific diligence memos for various therapeutic areas of focus
• Build and maintain financial models and understand industry trends as well as competitive dynamics for portfolio companies and prospective investments
• Produce company-specific and general biotech reports and presentations around new and existing drugs in development as well as emerging opportunity areas
• Present investment theses to key stakeholders, including our advisory board and Investment Committee
• Manage key aspects of the investment process, including internal diligence workstreams
• Maintain internal databases relevant to the team
• Work across multiple projects simultaneously with a high degree of communication and coordination
• Collaborate with professionals across the team and firm and positively contribute to the overall culture

QUALIFICATIONS:

• Undergraduate degree in life sciences and/or relevant graduate degree (MD, PhD, MS, MBA)
• Prior work experience in life sciences related field preferred (e.g. consulting, banking, investing or operating company)
  • [Note: We look at the totality of work experience and education in evaluating a candidate]
• High degree of fluency in scientific and medical related topics, including human biology, physiology, and disease pathology with an ability to come up to speed quickly across therapeutic areas
• Familiarity with stages of drug development and ability to evaluate preclinical and clinical data sets
• Familiarity and experience with financial modeling including discounted cash flow and three-statement modeling
• Strong analytical ability, creativity, thoughtful business judgment, and professional maturity
• High energy level, strong communication skills, intellectual curiosity, and a passion for investing
• Outstanding organizational and communication skills, ability to multi-task, and manage various deadlines
• Desire to collaborate with colleagues throughout the firm globally
• Ability to work seamlessly with senior and junior investment team to drive investments forward