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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Austin, Texas

Salary: $200K - $260K

The Texas Treasury Safekeeping Trust Company is a special purpose trust company whose mission is to preserve and grow the State’s financial resources by competitively managing and investing them in a prudent, ethical, innovative and cost-effective manner while focusing on client needs. The Trust Company invests, manages, and oversees approximately $125 billion in assets. Investments include cash-equivalent funds such as the Texas Treasury Pool and separately managed portfolios for various Texas state agency clients.

TTSTC – Portfolio Manager IV-V (00033707) 

Organization: TREASURY SAFEKEEPING TRUST COMPANY 

Primary Location : Texas-Austin 

Work Locations : Thomas J Rusk Building 200 East 10th Street  Austin 78701   

Job : Business and Financial Operations 

Employee Status : Regular 

Schedule: Full-time 

Standard Hours Per Week: 40.00 

Travel : Yes, 25 % of the Time 

State Job Code: 930U 1144 

Salary Admin Plan: B 

Grade: 33 B33, B35 

Salary (Pay Basis): 16,667.00 – 21,667.00 (Monthly) 

Number of Openings : 1 

Overtime Status : Exempt 

Job Posting : Sep 11, 2023, 3:52:22 PM 

Closing Date: Ongoing Description
About the Comptroller’s Office

Innovation, collaboration, and a commitment to excellence best describes the culture here at the Comptroller’s Office. We take pride in the work we do serving as Texas’ accountant, tax collector, treasurer, and much more!

Culture: Our agency workforce is as diverse as the people of Texas we serve. We value our employees and take very seriously our collective commitment to public service.  Personal development opportunities are strongly encouraged through available workshops, teambuilding exercises, and on the job training. We offer flexible scheduling that helps employees maintain a healthy work-life balance. If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!
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General description: Join the Texas Treasury Safekeeping Trust Company as a Portfolio Manager IV-V! Work involves developing and implementing strategies for investing in real assets strategies, researching, and analyzing investment firms and funds. Evaluates macro and micro economic information and market conditions. Recommends strategies and specific investments for real assets and private markets portfolios. Develops and manages relationships with institutional investors and general partners. Serves as Senior Portfolio Manager for Real Estate and Real Assets for all the portfolios that the Trust Company manages. This position reports directly to the CIO and works closely with the CIO in devising and implementing strategies, manager selection, sourcing and performing due diligence on co-investments, portfolio construction, and portfolio monitoring on real assets and private markets investments.

Qualifications

Minimum Qualifications

  • Bachelor’s degree finance, accounting, mathematics, business, economics, engineering, or a related field.
  • 10 years of experience in private market transactions, institutional investment management, investment banking, conducting research or quantitative analysis work, overseeing the administration of an investment program, engineering, math or related field.
  • Superior risk management capabilities.
  • Exceptional quantitative skills to evaluate fund and portfolio performance.
  • Excellent analytical and communication skills.
  • Well versed in financial applications (e.g. Excel).
  • A team-oriented attitude.

Preferred Qualifications

  • Designation as a Chartered Financial Analyst (CFA) or Charted Alternative Investment Analyst (CAIA)
  • Exceptional quantitative skills to evaluate fund and portfolio performance

Substitutions Education requirement may be substituted with up to four (4) years of related experience.  

In this role you will: 

Portfolio Management and Due Diligence

  • Gather and assess information from various sources, including analysis of economic and business cycles and trends, and recommend strategies for construction of complex private real assets portfolios.
  • Source, screen, evaluate and perform qualitative and quantitative analysis of prospective asset managers, strategies, and funds.
  • Report directly to the CIO on real assets strategies, including monitoring of existing strategies and recommendation of new strategies. Source and conduct due diligence on co-investment opportunities across real assets or related private markets investments.
  • Coordinate with consultants to develop tactical asset allocations plans for assigned portfolios.
  • Participate in development of opportunistic and strategic investment themes and plans.
  • Keep the CIO apprised of real assets market investment matters that merit increased attention.
  • Prepare reports and present investment recommendations to Investment Committee.
  • Recommend and assist with negotiation of investment management terms and conditions related to investment managers in assigned portfolio.

Portfolio Monitoring

  • Consults or coordinates with portfolio managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
  • Conduct ongoing due diligence and provide day-to-day oversight of external investment managers.
  • Assist in monitoring for compliance with investment management agreements and related schedules.
  • Assist with development of investment policies and procedures and ensure compliance with existing policy and regulation.
  • Generate monthly/quarterly investment reports and organize discussions to formally review the portfolios.
  • Maintain and update information held in internal systems on existing investment management firms and strategies.
  • Perform and evaluate qualitative and quantitative analysis of existing managers and strategies.
  • Prepare reports and analysis needed to recommendation sizing and allocation decisions.
  • Initiate and coordinate communication between external managers and the custodian, consultants, administrators, service providers and TTSTC Risk and Accounting groups.
  • May represent TTSTC and serve on Limited Partnership advisory boards or committees.

 Veterans: To receive veteran’s preference a copy of your DD214 (Member 4) is required. Veterans, Reservist or Guardsmen with an MOS or additional duties that fall within the essential duties of the job position or other related fields pertaining to the minimum experience requirements may meet the minimum qualifications. All active duty, reservists, guardsmen, and veterans are encouraged to apply if they meet the qualifications for this position. Please call Human Resources, CPA Veterans Liaison at 512-475-3560/800-531-5441 for more information or assistance. If selected for the position the following must be provided for proof of veterans’ preference:

  • Veteran must provide form DD 214
  • Surviving Spouse or Orphan must provide DD 1300 or DD 214.  

Military Occupational Specialty (MOS) codes that may correspond to the state classification title for this position are listed on the State Auditor’s Office Job Descriptionsclick on the occupational category for the position. Additional MOS can be found at the State Auditor’s Office Military Crosswalk Guide.The Texas Veterans Commission provides helpful employment information

Go to: http://www.texasskillstowork.comhttp://www.onetonline.orghttps://hr.sao.texas.gov/CompensationSystem/JobDescriptions/ or www.careeronestop.org for assistance translating your military experience and training courses into civilian job terms, qualifications/requirements and skill sets.

Applications submitted through Work In Texas :Work In Texas (WIT) applicants must complete the supplemental questions to be considered for the posting. To complete the supplemental questions please go to CAPPS Recruit to register or login and access your profile.
The Comptroller’s Office is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity.