Real Assets Senior Investment Analyst - Teacher Retirement System of Texas

November 06, 2017
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Teacher Retirement System of Texas

Austin, Texas 78701
http://www.trs.texas.gov/careers

The Real Assets Senior Investment Analyst performs entry to complex investments research and analysis work.  Work involves assisting Real Assets management and staff with fundamental and statistical research and analysis, and in performing due diligence for potential investments.  Works under moderate supervision with moderate latitude for initiative and independent judgment. This position is located in downtown Austin and reports to the Senior Director of Real Assets.

Starting salary ($59,004 - $96,720 annual range) is commensurate with the qualifications of the individual selected and the discretion of the hiring manager. Position is eligible for Incentive Pay up to a maximum of 35% of base salary detailed in the TRS Performance Incentive Pay Plan.

 
Who we are
TRS is the largest public retirement system in Texas in both membership and assets, and has been serving the retirement needs of Texas public education employees for more than 75 years.  TRS ranks sixth largest in U.S. public pension plans and in the top 25 in the world. Our culture makes TRS the preferred destination for investment opportunities. It's rewarding work that motivates us to excel. TRS' investment teams have the passion, energy, and motivation to outperform, earning awards for both individual and plan performance.

Real Assets manages a global portfolio of commercial and residential real estate investments.  We are focused on properties in major markets and invest in all property types including office, multi-family, retail and industrial.  Our team participates in both debt and equity investments through commingled funds, separate accounts, co-investments and direct principal investments.

 

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES

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.
  • 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.

 

  • Works with TRS portfolio management systems such as eFront and Tamale.
  • Performs related work as assigned.

 

To be considered for this position, you must submit your application online via our website.