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Type of Role: Investments

Experience Level: Intern - Undergraduate

Location: Austin, Texas

Salary: $75K - $85K

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.

Position Summary
Internship: This position is a paid, full-time, limited term assignment that offers interns the opportunity to gain substantive hands on experience. Interns enjoy the opportunity to get training and mentoring from experienced professionals in one or more areas. Interns may also be eligible to continue working part-time through the fall and spring semesters, depending on department and agency needs.

The Real Estate Student Intern Analyst performs entry to routine (entry-level) investments research and analysis work. Work involves assisting Real Estate management and staff with fundamental and statistical research and analysis, and in performing due diligence for potential investments. This position reports to the Managing Director of Real Estate.

This position is scheduled to start on June 5, 2024 and will end on August 9, 2024. We require that all IMD interns live in Austin, Texas for the duration of their internship.

Salary will be dependent upon education level:

Undergraduate Student (Senior) – $36.75/hour
5 Year Master’s Student – $42/hour

 

Key Accountabilities

Research and Analysis
• Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including basic investment computations (i.e., return multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, partnership offering memoranda, and one on one contact with general and limited partners.
• Assists investment managers in conducting strategic research, asset allocation analysis, and/or risk management.
• Assists investment managers in analyzing performance attribution using proprietary models.
• Assists in conducting investment research on various industries, companies or countries using computer databases.
• Assists in researching and analyzing national, international, macro/micro economic, and/or business conditions that directly affect agency investments.
• Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.
• Provides timely written or oral reports of analysis and recommendations to Investments staff and management.

Due Diligence
• Assists investment managers in performing due diligence research and analysis for potential investment opportunities and/or external strategies.
• Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.
• Assists in the maintenance/improvement of existing and in the development of new quantitative and valuation models and techniques for investment diversification and risk management.
• Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
• 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.

 

Minimum Required Qualifications

Required Education
• Must meet one of the following criteria:
• Currently enrolled in and actively attending an undergraduate degree program with a major in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area, at an accredited college or university, and must complete their junior year (90 hours) by the start of the internship.
• Currently enrolled in and actively attending a graduate program in finance, accounting, business administration or a related area.
• GPA at or above 3.5.
• Applicant will be required to submit a copy of official college transcripts.

Required Experience
• None.

Required Registration, Certification, or Licensure
• None.

Preferred Qualifications

Knowledge, Skills, and Abilities

Knowledge of:
• Investment concepts, terminology, modeling, strategies, and fundamental investment factors.
• Statistical concepts, methods, and models, and their application to investments.
Skills 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 in 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.

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.