Real Estate Associate

Teacher Retirement System of Texas; Austin (TX); On-site; USD 90,000 - 150,000; Full time

Job summary

Teacher Retirement System of Texas is seeking a Real Estate Investment Associate to conduct advanced investments research and due diligence on potential opportunities. The role works with the Real Estate team and Investment Management Division to monitor and report on the portfolio.

You will review financials, market data, and partner relationships, supporting portfolio managers and senior staff with quantitative and qualitative analyses.

Qualifications

• Bachelor's degree from a four-year college; MBA or related master's may substitute for one year of experience.
• Two years of full-time professional experience in private equity, real estate investments, or related data analysis.

Responsibilities

• Performs investment analysis for potential opportunities including principal investments and fund commitments.
• Provides written or oral reports of analysis and recommendations to Investments staff and management.
• Communicates analysis with portfolio managers and senior staff via reports and presentations.
• Performs due diligence research for potential real estate investments.
• Evaluates organization leadership, strategy, market opportunity, and financials.

Skills

Investment concepts

Statistical analysis

Real estate valuation

Data analysis

Communication skills

Education

Bachelor's degree

Master's preferred

Tools

DealCloud

PowerBI

Job description

Real Estate Associate

Employment Type: Unclassified Regular Full-Time (URF)

Division: Real Estate

Compensation: Depends on Qualification

Location: TRS Headquarters Building 2

1900 Aldrich Street

Austin, Texas, 78723

United States

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.

The Real Estate Investment Associate performs advanced investments research and analysis work. The incumbent will perform due diligence analysis of potential investment opportunities, and assist with day-to-day monitoring and reporting of the investment portfolio. This position will work proactively with the Real Estate team and IMD staff. This position reports to the Managing Director of Real Estate.

WHAT WILL YOU DO

Due Diligence and Analysis

• 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.
• 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.

Portfolio Monitoring

• 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.
• Performs related work as assigned.

WHAT WILL YOU BRING

Required 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.

Required Experience

• 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.

Required Registration, Certification, or Licensure

• None.

Preferred Qualifications

• Master of Business Administration (MBA) or Master's degree related to finance.
• 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.
• Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA.

Knowledge, Skills, and Abilities Knowledge of:

• 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.

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.
• Travel regularly for business purposes.

Military Occupational Specialty (MOS) Codes

Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty (https://www.trs.texas.gov/files/trs-military-crosswalk.xlsx) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition [e-mail] with questions or for additional information.