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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Austin, Texas

Salary: $97K - $164K

The Employees Retirement System of Texas (ERS) manages benefits for employees and retirees of State of Texas agencies and some higher education institutions. These benefits contribute to the financial security and overall well-being of employees, retirees and their families. They are an important part of the compensation package of state agency and institution employees.

ERS – Portfolio Manager (00036031) 

Description

 Seeking experienced Portfolio Manager to assist the Managing Director of Private Equity and team with reporting, tracking, performance measurement, and reconciliation related to the program.  The Portfolio Manager will also assist the Managing Director of Private Equity in evaluating and executing direct and indirect limited partnership investment opportunities in U.S. and non-U.S. buyouts, venture capital, distressed debt, control-oriented restructuring, mezzanine, industry specific, secondary, and other private equity strategies.  The ideal candidate will have strong analytical skills to work with large amounts of time-sensitive business and legal materials and establish good working relationships with stakeholders at multiple levels.

Essential Responsibilities include, but are not limited to: 

•    Assists in monitoring, researching, analyzing and recommending private equity general partners, funds, investments, and investment strategies.
•    Supports the Managing Director of Private Equity and Portfolio Manager(s) in conducting due diligence and reference calls in areas such as: general partner background and history, portfolio performance, management teams, attribution analysis, investment strategy, deal sourcing and exit strategies.
•    Supports legal and operations to ensure execution of investment transactions, capital calls, and distributions.
•    Travels domestically and internationally for due-diligence visits, industry conferences, GP Annual Meetings and other functions to develop the knowledge, resources and contacts necessary for quality research and analysis.
•    Maintains documentation supporting strategy recommendations and provides written and oral analysis as requested by the Managing Director of Private Equity, Chief Investment Officer, or other constituencies.
•    Maintains communication with general partners to ensure receipt of necessary documentation related to reporting and investment monitoring.
•    Follows general economic developments and public and private equity and debt markets.
•    Facilitates quarterly review meetings and fund ranking evaluations.  Produces ad-hoc reports for Private Markets. Assists in company-level valuation.
•    Reconciles fund flows and performance with custodian and consultants. Assists in maintaining CRM system.

Required Minimum Qualifications:

 Your application for employment must reflect how you meet each of the following minimum qualifications:

1)    Graduation from a four-year accredited college or university with a degree in finance, economics, accounting and/or management.
2)    Three (3) years of full-time professional financial management or investments experience, preferably in financial institutions or alternative asset managers.

Preferred Qualifications:

 Your application for employment should reflect how you meet the following preferred qualifications:

3)    Chartered Financial Analyst (CFA) designation or current participation in CFA program or certification as a Chartered Alternative Investment Analyst (CAIA).

PLEASE NOTE: All applications should contain complete job history entries, which includes job title, dates of employment, name of employer, supervisor’s name and phone number and a description of duties performed. If this information is not submitted, your application may be rejected because it is incomplete. Resumes do not take the place of this required information.

Other Information:  This is not a remote only position.  This position may require access to privileged, confidential, or sensitive data.  ERS will conduct either a TXDPS or FBI criminal history check on all new hires.  For more information about this policy inquiries can be made to employment@ers.texas.gov.

Military Occupational Specialty Codes:
There are no Military Occupational Specialty codes assigned to this position.  Please contact Human Resources at employment@ers.texas.gov  with questions or for additional information.

How to Apply:  Ready to join the dedicated, customer-focused team at ERS?  Submit the following to the ERS Human Resources Office by 5 P.M. on the closing date:

•    A State of Texas Application for Employment submitted online through CAPPS Recruit.

o    Use the link below to create a CAPPS Recruit account and build your profile on the “My JobPage” tab in the upper left corner of the screen.
https://capps.taleo.net/careersection/327/jobsearch.ftl?lang=en
o    Once your profile is complete, click on the “Job Search” tab in the upper left corner of the screen to view available career opportunities and submit your application.
o    Note:  Resumes will be accepted only as supplements to a State of Texas Application for Employment.

Applications submitted through Work in Texas:

If you apply for an ERS position via Work in Texas https://www.workintexas.com/vosnet/Default.aspx, you will also need to complete a supplemental questions form. For more details, refer to the instructions in the email you receive from CAPPS Recruit.
Please contact a Human Resources representative if you need assistance or require accommodation during the application process.
Email:        Employment@ers.texas.gov                 Web:  www.ers.texas.gov
Relay Texas TDD: (800) 735-2989
LinkedIn:  https://www.linkedin.com/company/employees-retirement-system-of-texas/