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 graduatedegree (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 relatedtopics, 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

Salary Range

The expected base salary for this San Francisco, California, United States‑based position is $ -$ . In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).

Child Care & Family Care

We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class‑leading benefits our firm has to offer.