Investment Operations Alternative Investment Analyst - Associate

Office of the Governor Greg Abbott; Austin (TX); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a dynamic team in the Investment Management Division, dedicated to securing the financial future of public education employees in Texas. This role as an Alternative Investment Analyst offers the opportunity to manage a diverse global portfolio exceeding $190 billion. You will be responsible for analyzing investment data, ensuring accuracy in financial reporting, and collaborating with stakeholders to enhance decision-making processes. With a focus on innovation and best practices, your contributions will have a significant impact on the financial landscape. If you are passionate about investment operations and data management, this is the perfect opportunity for you.

Benefits

Annual performance bonus

Defined-benefit pension plan

401(k) and 457 retirement plans

Comprehensive benefits package

Qualifications

• 1-5 years of experience in investment operations or data management.
• Strong analytical skills in finance or accounting.

Responsibilities

• Manage lifecycle transactions and perform valuations of alternative investments.
• Collaborate with stakeholders to present investment data for decision-making.

Skills

Data Analysis

Financial Analysis

Communication Skills

Statistical Analysis

MS Office Proficiency

Education

Bachelor’s degree in Business Administration

Master’s degree

Tools

SQL

SSRS

PowerBI

SimCorp

Job description

Location:

1900 Aldrich Street
Austin, Texas, 78723
United States

Job Title:

Investment Operations Alternative Investment Analyst - Associate

Requisition Details:

Requisition ID: req1220
Employment Type: Unclassified Regular Full-Time (URF)
Division: Investment Operations
Compensation: Depends on Qualifications
Location: IMD
Job Closing: August 6, 2025 at 5 pm, CST

WHO WE ARE

With the Investment Management Division (IMD), you will join a diverse group of achievers dedicated to supporting our shared goal: earning trust and securing the financial future of 1.9 million public education employees and retirees across Texas.

We value innovation in navigating the current market environment and are passionate about stewarding the right investments to impact lives positively. Join us to work alongside top financial minds managing a global portfolio exceeding $190 billion in public and private investments. Your contribution is key to our success.

Our Compensation & Benefits package includes a competitive salary, annual performance bonus, a defined-benefit pension plan, 401(k) and 457 retirement plans, and comprehensive benefits.

The position can be filled at the Analyst, Senior Analyst, or Associate level, with starting salaries based on experience.

WHAT YOU WILL DO

Investment Process and Reporting

• Set up processes, manage lifecycle transactions, and perform monthly/quarterly valuations of alternative investments, including capital calls, distributions, and account statements in internal systems (SimCorp) and with custodians, investigating discrepancies as needed.
• Review financial statements and disclosures to ensure accuracy and note issues, escalating for resolution.
• Research and reconcile financial holdings, performance, and investment data discrepancies regularly with SimCorp and custodians.
• Analyze investment data, consulting with portfolio managers and staff to meet reporting needs.
• Identify best practices and support development of data management infrastructure for alternative investments.
• Create or improve data analysis and reporting methodologies.
• Assess investment analysis, data, security, and reporting needs, and develop metrics and objectives.
• Analyze pricing, cash flows, trading info, and other factors affecting portfolio valuation and compliance.
• Support audit requests and accounting reports.
• Monitor data feeds, recommending corrections to ensure data accuracy.

Portfolio Services

• Collaborate with stakeholders to present investment data for decision-making.
• Participate in projects to implement strategic initiatives and improve system integration.
• Identify operational, reporting, and system improvement opportunities.
• Maintain operational documentation and facilitate cross-organizational resolutions.

WHAT YOU WILL BRING

Education

Bachelor’s degree in business administration, finance, accounting, operations research, math, IT, liberal arts, or related field. A Master’s degree may substitute for one year of experience.

Experience

• 1 year of full-time experience in investment operations, data management, or related, for Analyst level.
• 3 years for Senior Analyst.
• 5 years for Associate.

Preferred Qualifications

• Strong data analysis skills in accounting, finance, or statistics.
• 3+ years of professional investment experience or related data analysis experience.
• Experience with alternative investments like hedge funds, real estate, private equity.
• Certifications such as CPA, CFA, or CAIA are a plus.
• Knowledge of GAAP, GASB, FASB standards.
• Experience with SQL, SSRS, PowerBI.
• Understanding of capital markets, securities, and private markets.

Skills and Abilities

• Perform complex financial analyses and verify data accuracy.
• Proficient in Windows, MS Office, report writing, and business software.
• Conduct large data searches, statistical analyses, and prepare reports.
• Communicate complex information effectively, both verbally and in writing.
• Manage multiple tasks and meet deadlines efficiently.

Veterans and reservists with relevant MOS codes are encouraged to apply. For questions or additional info, contact [e-mail].

View all vacancies at www.trs.texas.gov/careers or www.trs.csod.com/careersite. For more info, visit www.trs.texas.gov.