Private Equity Sr Analyst - Associate

The Teacher Retirement System of Texas is seeking a motivated investor to join its Private Equity (PE) team in Austin TX. PE oversees the Trusts allocation to the private equity asset class. This portfolio represents approximately $33 billion of TRSs approximately $210 billion Trust. The individual selected for this position will work with the PE team in sourcing underwriting investing and managing new and existing fund investments across the private equity portfolio. While this role is primarily focused on fund investments the professional will also spend a portion of their time working with and alongside the principal investment team on co-investment transactions. You will have a unique opportunity to work with leading global investors across a wide variety of private equity 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 teams approach to investing. In addition the ideal candidate will assist the underwriting process and serve as a point of contact for TRS relationships with PE general partners. 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. This position will work under general to limited supervision with moderate to considerable latitude for the use of initiative and independent judgment. This position reports to a Director of PE.

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. Salary is commensurate with experience.


WHAT YOU WILL DO:

Due Diligence and Analysis
Performs investment analysis for potential private equity 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.
Assists in the conducting of due diligence processes for fund investment opportunities including a thorough review of Private Placement Memorandum (PPM) financial modeling of various portfolio company analytics analysis of track records via various benchmarking tools conducting detailed onsite due diligence sessions and evaluating the overall merits and risks of a potential fund investment 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.
May assist in conducting reference checks and evaluating the organizations leadership team strategy market opportunity historical and pro-forma financials operations and competitive environment of potential investment opportunities.
Assists in the negotiation of the investment management partnerships.
Documents and organizes the record of the manager due diligence process.

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 topics related to the PE portfolio.
Works as part of a team to implement best operational and risk management practices.
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.

WHAT YOU WILL BRING:

Required Education
Bachelors degree from an accredited college or university with major coursework in business administration finance accounting operations research math information technology liberal arts or a closely related field.

Required Experience
One (1) year of full-time professional directly related progressively responsible private equity investment experience or other relevant experience involving a high degree of skill in data analysis financial modeling and investment evaluation such as private equity investment banking consulting corporate development or similar background (Sr Analyst).

Two (2) years of full-time professional private equity investment experience or other relevant experience involving a high degree of skill in data analysis financial modeling and investment evaluation such as private equity investment banking consulting corporate development or related experience (Associate).

A Masters degree in a related area may substitute for one (1) year of the required experience.

Required Registration Certification Licensure
None

Preferred Qualifications
Three (3) to five (5) years of full-time professional private equity investment experience or other relevant experience involving a high degree of skill in data analysis financial modeling and investment evaluation such as private equity investment banking consulting corporate development or similar background.
Master of Business Administration (MBA) or Masters degree related to finance.
Experience in investment banking and/or underwriting private equity direct investments / fund offerings or
Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA.

Knowledge of:
Private equity valuation metrics and markets.
Investment concepts terminology styles models strategies and fundamental investment factors.
Institutional private equity portfolio management.
Corporate valuation metrics and techniques.

Skills 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.
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