Job Description

Location:

1900 Aldrich Street

Austin, Texas, 78723

United States

Real Estate Analyst

Requisition ID: req1147 Employment Type: Unclassified Regular Full-Time (URF) Division: Real Estate Compensation: Depends on Qualifications Location: IMD Job Closing: 1/10/2025

WHO WE ARE:

With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 2 million public education employees and retirees throughout Texas.

Navigating the current market environment takes innovation and we're passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you.

Position Summary

The Real Estate Investment Analyst performs and assists with investments research and analysis. The candidate will assist Real Estate management and staff with fundamental and statistical research and analysis, as well as perform due diligence for potential investments. This position will work proactively with the Real Estate team and IMD staff. This position reports to the Managing Director of Real Estate.

WHAT YOU WILL DO:

Research and Analysis

* Assists in performing fundamental and statistical investment analysis for potential real estate 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 sectors, companies or geographies using computer databases.

* Assists in researching and analyzing national, international, macro/micro economic, and/or business conditions that directly affect TRS' real estate 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 real estate 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, external 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 DealCloud and PowerBI.

* Performs related work as assigned.

WHAT YOU WILL BRING:

Required Education

* Bachelor's degree from an accredited college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area.

Required Experience

* None.

Required Registration, Certification, Licensure

* None.

Preferred Qualifications

* Experience in institutional investment research, real estate, accounting, financial analysis, statistical analysis, or a related field.

Knowledge of

* Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.

* Statistical concepts, methods, and models, and their application to investments.

Skills 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 in 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.

Please Include a cover letter with your application in order to be considered for the position.

Military Occupational Specialty (MOS) Codes:

Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( ) 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.

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