Teacher Retirement System of Texas

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Energy, Natural Resources & Infrastructure Senior Investment Analyst or Associate

at Teacher Retirement System of Texas

Posted: 2/24/2019
Job Status: Full Time
Job Reference #: 2215831
Keywords:

Job Description

Overall Job Objective

GENERAL DESCRIPTION

Teacher Retirement System of Texas (TRS) is seeking a Senior Analyst or Associate to join their Energy, Natural Resources and Infrastructure (ENRI) team in Austin, Texas. The ENRI team is comprised of 7 investment professionals who partner with best-in-class managers through commingled funds, separate accounts, co-investments and direct investments to enhance TRS' long-term risk-adjusted returns and provide diversification to the overall Trust.  ENRI represents approximately 5% or $8 billion of TRS's $150 billion Trust in fund commitments and principal investments. TRS has committed nearly $15 billion across 90 funds raised by over 30 general partners since inception, providing it with a broad view into the global private energy and infrastructure universe. TRS is also a leader in principal investing with over $3 billion of capital invested currently with leading global GPs. The Senior Analyst/Associate will work with the ENRI team in underwriting, investing and managing new and existing fund and principal investments across the portfolio.
 
This position will be filled at one of two levels (Senior Analyst or Associate) depending upon the qualifications of the individual selected and the discretion of the hiring manager. Position is eligible for Incentive Pay. Salary is commensurate with experience.

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.

State Classification Information:
Senior Analyst (1131/Investment Analyst II/B24/Exempt)
Associate (1132/Investment Analyst III/B26/Exempt)

Candidates must attach a resume to their application to be considered.
 

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES

The Senior Analyst/Associate will assist with or perform due diligence analysis of potential fund and private equity principal investment opportunities plus assist with day-to-day monitoring and reporting of the investment portfolio. The candidate will have a unique opportunity to work with leading global investors across a wide variety of private investment strategies, industries and regions. The ideal candidate for this role is intellectually curious; able to analyze complex data to identify risks and opportunities; has the capacity to work in a fast-paced, collaborative team environment; and is driven to help improve and innovate the team's approach to investing.  This position reports to the Senior Director of Energy, Natural Resources and Infrastructure.  
 
Due Diligence and Analysis           

  • Performs or assists with investment analysis for potential private equity investment opportunities in the energy, infrastructure and natural resources sectors, including both principal investments and fund commitments.
  • Assists with or performs due diligence for principal investment opportunities, including thorough review of industry and company details, running detailed financial (LBO) models, running detailed asset level models, reviewing contracts, conducting reference checks, and evaluating the overall merits and risks, valuation, return profiles, and terms of partner-led bid processes on companies across sectors and geographies.
  • 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.
 
Portfolio Monitoring
  • Develops relationships with GPs through portfolio company board meeting participation, annual meeting attendance, due diligence sessions and active call participation.
  • Supports or assists with the development, monitoring, and reporting of diverse portfolio investments.
  • Assists in evaluating portfolio diversification by geography, property/sector type, and investment style.
  • Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
  • Works with TRS portfolio management systems such as eFront, Tamale and DealCloud.
  • Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.

MINIMUM QUALIFICATION REQUIREMENTS/LICENSES AND CERTIFICATIONS

The position is a career track opportunity where an MBA is not required to advance. Successful candidates will be strong team players with the confidence to interact with all levels of the organization and ability to thrive in a fast-paced and entrepreneurial environment. An ideal candidate would possess the following qualifications:
 

  • Senior Analyst: A minimum of 1 year of experience in private equity, investment banking, consulting, corporate development or similar background.
  • Associate:  A minimum of 3 years of experience in private equity, investment banking, consulting, corporate development or similar background.
  • 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 related area.
  • Strong ties to Texas or desire to relocate to Texas
  • Extensive knowledge of financial and operating models
  • Strong organizational skills and ability to prioritize
  • Strong intellectual curiosity
  • Self-motivator who is eager to be given substantial responsibility
  • Strong communicator, both verbally and in written formats, and with both internal and external audiences

Veterans / Military Crosswalk:

TRS is committed to maintaining a veteran-friendly workplace and attracting, developing and retaining military service members as employees. To assist in determining whether your military experience may relate to the minimum qualifications for this position, Military Occupational Specialty (MOS) codes from each branch of the armed forces have been assigned to each state classification title where applicable.
 
Depending upon actual duties, the following fields may pertain to the minimum qualifications of this position. Candidates who meet the minimum qualifications for this position are highly encouraged to apply.
 
U.S. Army Occupational Codes – No military equivalent
U.S. Navy Ratings and Designators – No military equivalent
U.S. Coast Guard Ratings – No military equivalent
U.S. Marine Corps Occupational Fields – No military equivalent
U.S. Air Force Specialty Codes – No military equivalent
 
Please contact the TRS Human Resources Department or the TRS Veterans Liaison with questions or for additional information.
 
Additional Military Crosswalk information can be found at:
http://www.hr.sao.state.tx.us/Compensation/JobDescriptions.aspx

KNOWLEDGE SKILLS AND ABILITIES/PHYSICAL REQUIREMENTS


Knowledge of:

  • 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:
  • 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 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.
  • 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 regularly for work assignments and training;
  • 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 and division core values.