Jobs

Private Equity Senior Analyst-Associate

Posted on: December 30, 2020 Apply Now
Austin, TX Full Time Financial Services, TechnologyExpires February 5, 2021

WHO WE ARE:

The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving more than 1.5 million people. Innovation, technology, and collaboration make the difference as we strive to continue earning your trust every day. TRS improves the retirement security of Texas public education employees through our ‘best in class’ investment management and delivery of pension and health care benefits.

Our Mission: Improving the retirement security of TRS members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

The Teacher Retirement System of Texas is seeking a motivated investor to join its Private Equity (PE) team in Austin, TX. The team oversees a portfolio of private investments representing approximately $26 billion of the $170 billion TRS Trust. The PE Senior Analyst or Associate performs complex to advanced investment research and analysis for potential PE investment opportunities, including principal investments and fund commitments.

Work involves performing due diligence of potential PE investment opportunities and assisting with day-to-day monitoring and reporting of the investment portfolio. In addition, responsibilities may also include assisting the Investment Management Division with fundamental and statistical research and analysis. The Senior Analyst or Associate will work under general to limited supervision, with moderate to considerable latitude for the use of initiative and independent judgment. This position reports to the Managing Director of PE.

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 (Senior Analyst or Associate). Starting salary is commensurate with experience.

State classification information:

Senior Analyst: 1131/Investment Analyst II/B24

Associate: 1132/Investment Analyst III/B26

WHAT YOU WILL DO:

Due Diligence, Research and Analysis

  • Performs fundamental and statistical investment analysis for potential PE investment opportunities, including principal investments and fund commitments.
  • 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 for PE and principal investment opportunities, including thorough review of industry and company details, conducting reference checks, running detailed financial (LBO) models, and evaluating the overall merits and risks, valuation, return profiles, and terms of partner-led bid processes on companies across sectors and geographies.
  • May provide timely written or oral reports of analysis and recommendations to Investments staff and management.
  • May assist in conducting reference checks and evaluating leadership team, strategy, market opportunity, historical and pro-forma financials, operations, and competitive environment of potential investment opportunities.

Portfolio Monitoring

  • Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, third-party advisors, and consultants.
  • Evaluates portfolio diversification by geography, sector type, and investment style.
  • Assists with the development, monitoring, and reporting of diverse portfolio investments.
  • Prepares reports related to performance, risk, and other ad hoc reports related to the PE portfolio.
  • Utilizes TRS portfolio management systems such as DealCloud and PowerBI.
  • 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 BRING:

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:

Senior Analyst:

  • One (1) year of full-time professional PE investments experience or other experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation such as PE, investment banking, consulting, corporate development, or similar background.

Associate

  • Three (3) years of full-time professional PE investment experience or other relevant experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation, such as PE, investment banking, consulting, corporate development, or similar background.

Registration, Certification, or Licensure:

  • None.

Preferred Qualifications

  • One (1) to Five (5) years of full-time professional PE investments experience or other experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation such as PE, investment banking, consulting, corporate development, or similar background.
  • Master of Business Administration (MBA) or Master’s degree related to finance/economics.
  • Experience in investment banking and/or underwriting PE direct investments / fund offerings.
  • 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:

  • PE valuation metrics and markets.
  • 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:

  • Financial modeling and valuation analysis.
  • 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.

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.

Physical Requirements and/or Working Conditions

Work is performed in a standard office environment and requires:

  • normal cognitive abilities including the ability to learn, recall, and apply certain practices and policies;
  • marginal or corrected visual and auditory requirements;
  • constant use of personal computers, copiers, printers, and telephones;
  • the ability to move about the office to access file cabinets and office machinery;
  • frequent sitting and/or remaining in a stationary position; and
  • the ability to work under deadlines, as a team member, and in direct contact with others.

Workforce Expectations

Must be able to:

  • regularly, reliably, and punctually attend work;
  • work extended hours as necessary;
  • travel occasionally for work assignments and trainings;
  • show flexibility and adaptability toward changes in assignments and work schedules;
  • adhere to the agency’s internal management policies and procedures; and
  • exhibit work behaviors consistent with agency core values.

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.

To view all job vacancies, visit www.trs.texas.gov/careers or www.trs.csod.com/careersite.

For more information, visit www.trs.texas.gov.

Apply Now