Real Estate Associate at Teacher Retirement System of Texas (TRS) | Austin, TX, US | Rezi

Real Estate Associate at Teacher Retirement System of Texas (TRS)

Real Estate Associate

Teacher Retirement System of Texas (TRS) · Austin, TX, US

6 days ago

Real Estate Associate

Teacher Retirement System of Texas (TRS) · Austin, TX, US

7 days ago
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About the Role

The Real Estate Investment Associate performs advanced investments research and analysis work. This role involves due diligence analysis of potential investment opportunities and assisting with the day-to-day monitoring and reporting of the investment portfolio. The position reports to the Managing Director of Real Estate.

Responsibilities

  • Performs investment analysis for potential investment opportunities, including principal investments and fund commitments.
  • Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
  • Communicates analysis of investment opportunities, results, and recommendations with the relevant portfolio managers(s) and/or senior staff.
  • Performs due diligence research and analysis for potential real estate investment opportunities.
  • Conducts reference checks and evaluating the organization's leadership team, strategy, market opportunity, historical and pro-forma financials, operations, and competitive environment.
  • Consults or coordinates with investment managers, external managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
  • Evaluates portfolio diversification by geography, property/sector type, and investment style.
  • Performs or assists with the development, monitoring, and reporting of diverse portfolio investments.
  • Works with 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.

Requirements

  • 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.
  • Two (2) years of full-time professional experience in private equity, real estate investments, or experience involving a high degree of skill in data analysis and evaluation, such as financial analysis, engineering, or statistics.
  • Master's degree may substitute for one (1) year of the required experience.
  • Master of Business Administration (MBA) or Master's degree related to finance is preferred.
  • Experience as an Analyst or Associate in the Acquisitions or Asset Management group at an institutional real estate investment firm, institutional real estate investor, investment bank, or similar is preferred.
  • Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA is preferred.
  • Ability to travel regularly for business purposes.

Skills

  • Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
  • Statistical concepts, methods, and models, and their application to investments.
  • Real Estate valuation metrics and techniques.
  • Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software.
  • Conducting data searches and evaluations of large amounts of information.
  • Performing complex statistical analysis of data.
  • 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.
  • 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.
  • Establishing and maintaining harmonious working relationships with co-workers, agency staff, and external contacts.
  • Working effectively in a professional team environment.

Location

  • TRS Headquarters Building 2
  • 1900 Aldrich Street
  • Austin, Texas, 78723
  • United States

Work Type

  • Unclassified Regular Full-Time (URF)

Experience Level

  • Two (2) years of full-time professional experience

Education Level

  • Bachelor's degree
  • Master's degree

Salary/Compensations

  • Depends on Qualification

About the Company

  • 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.