Teacher Retirement System of Texas Energy, Natural Resources and Infrastructure Investment Associate in Austin, Texas

GENERAL DESCRIPTION

The Energy, Natural Resources and Infrastructure Investment Associate performs complex energy and natural resources investment work. Work involves performing due diligence analysis of potential energy & natural resources investment opportunities, & assisting with day-to-day monitoring & reporting of the investment portfolio. Works under general supervision with moderate latitude for the use of initiative & independent judgment. This position reports to the Director of Energy, Natural Resources & Infrastructure.

Starting salary 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 50% of base salary detailed in the TRS Performance Incentive Pay Plan.

State classification: 1132/Investment Analyst III/B26/Exempt

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.

Energy, Natural Resources, and Infrastructure (ENRI) invests in commingled funds, direct and co-investments. The team targets investments with commodity-like characteristics and exposure to each of the stages of the resource value chain: upstream, midstream, downstream, and services & technology. Additionally, the ENRI portfolio invests in energy infrastructure assets in the midstream sector, as well as other infrastructure assets.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES

Investment Recommendations

  • Performs investment analysis for potential investment opportunities, including principal investments and fund commitments, using any reliable printed or electronic media, partnership offering memoranda, and one-on-one contact with general and limited partners.
  • 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 via verbal and written reports and presentations; including preparing qualitative and quantitative reports, memoranda, and spreadsheets.
  • Assists investment managers in performing due diligence research and analysis for potential private and public investment opportunities.
  • Assists in conducting reference checks and evaluating the organization's leadership team, strategy, market opportunity, historical and pro-forma financials, operations, and competitive environment.

Portfolio Management

  • Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
  • Assists in evaluating portfolio diversification by geography, strategy, and investment style.
  • Assists with the development, monitoring, and reporting of diverse portfolio investments.
  • Assist with reporting related performance, risk, and other ad hoc reports related to the Energy, Natural Resources & Infrastructure portfolio.
  • Works with TRS portfolio management systems such as eFront and Tamale.
  • 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. MINIMUM QUALIFICATION REQUIREMENTS/LICENSES AND CERTIFICATIONS

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:

  • Two (2) years of full-time professional private equity investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as financial analysis, engineering, or statistics.

Registration, Certification, or Licensure:

  • None.

Preferred* Qualifications*

  • Master of Business Administration (MBA) or Master's degree related to finance.
  • Three (3) years of full-time professional private equity investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as financial analysis, engineering, or statistics
  • Experience in investment banking and/or underwriting private equity direct investments / fund offerings.
  • Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA. 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.

  • Army Military Occupational Codes – No military equivalent.
  • Navy Ratings and Designators – No military equivalent.
  • Coast Guard Ratings – No military equivalent.
  • Marine Corps Occupational Codes – No military equivalent.
  • 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.

Salary: $69,414.96 - $117,396.96 Annually

Location: Austin, TX

Job Type: Full-Time

Department: Energy, Natural Resources, & Infrastructure

Job Number: 17-000075

Closing: 8/3/2017 5:00 PM Central

Agency: Teacher Retirement System of Texas

Address: 1000 Red River Street Austin, Texas, 78701.

Phone: 512-542-6557

Website: http://www.trs.texas.gov