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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Austin, Texas

Salary: $75K - $100K

Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas. Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.

The Energy, Natural Resources & Infrastructure (ENRI) Investment Analyst or Senior Analyst performs routine to complex ENRI investment work.  Work involves performing due diligence analysis of potential ENRI investment opportunities and assisting with day-to-day monitoring and reporting of the investment portfolio.  Works under moderate to general supervision with limited to moderate latitude for the use of initiative and independent judgment. This position reports to the Senior Director of ENRI.
Compensation: The TRS Investment Management Division offers an attractive
compensation package consisting of base salary, annual performance incentive bonus, a
defined-benefit pension plan, as well as 401(k) and 457 retirement plans, and
comprehensive benefits.
Depending upon the qualifications of the individual selected and the discretion of the hiring
manager the position will be filled at one of two levels (Analyst or Senior Analyst). Starting salary is commensurate with experience.
 
WHAT YOU WILL DO
Investment Recommendations
• Assists in performing or performs investment analysis for potential investment opportunities, including principal investments and fund commitments, using any reliable printed or electronic media, partnership offering memoranda, and one-on-one contact with general and limited partners.
• Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
• Communicates analysis of investment opportunities, results, and recommendations with the relevant portfolio managers(s) and/or senior staff via verbal and written reports and presentations; including preparing qualitative and quantitative reports, memoranda, and spreadsheets.
• Assists investment managers in performing due diligence research and analysis for potential private and public investment opportunities.
• Assists in conducting reference checks and evaluating the organization’s leadership team, strategy, market opportunity, historical and pro-forma financials, operations, and competitive environment
Portfolio Management
• Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
• Assists in evaluating portfolio diversification by geography, strategy, and investment style.
• Assists with the development, monitoring, and reporting of diverse portfolio investments.
• Assists with reporting related performance, risk, and other ad hoc reports related to the ENRI portfolio.
• Works with TRS portfolio management systems such as eFront and Tamale.
• Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.
•  Performs related work as assigned

 

WHAT YOU WILL HAVE
 
MINIMUM REQUIRED QUALIFICATIONS
 
Education:
• Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area.
• Preferred Master’s degree may substitute for one (1) year of the required experience.
Experience:
 
Analyst
• None.
Senior Analyst
• One (1) year of full-time professional private equity investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as financial analysis, engineering, or statistics.
Required Registration, Certification, or Licensure:
• None.
 
PREFERRED QUALIFICATIONS
• Master of Business Administration (MBA) or Master’s degree related to finance.
• Experience in investment banking and/or underwriting private equity direct investments / fund offerings.
• Two (2) years of full-time professional private equity investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as financial analysis, engineering, or statistics.
• Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA.
 
KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of:
• Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
• Statistical concepts, methods, and models, and their application to investments.
• Corporate valuation metrics and techniques.
Skill in:
• Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
• Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
• Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and completing detailed work with a high degree of accuracy.
• Verbal and written communication of complex information that is accurate, timely, and based on sound judgment.
Ability to:
• Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
• Work effectively in a professional team environment.
• Travel regularly for business purposes.

Military Occupational Specialty (MOS) Codes:
Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AdministrativeSupport.pdf ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at  careers@trs.texas.gov  with questions or for additional information.