Real Estate Associate

CFA Institute; Austin (TX); On-site; USD 70,000 - 110,000; Full time

Job summary

Texas Teachers Retirement System (TRS) in Austin, TX seeks a Real Estate Associate to perform investment analyses, due diligence, and portfolio monitoring for its real estate investments. The role involves evaluating opportunities, coordinating with portfolio managers, and preparing analytical reports and presentations.

Responsibilities include financial analysis, deal evaluation, and collaboration with external advisors, while maintaining ethics and governance standards.

Qualifications

• Bachelor's degree from an accredited four-year college 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.
• 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.

Responsibilities

• 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.

Skills

Investment concepts

Statistical analysis

Real estate valuation

Data analysis

Verbal and written communication

Education

Bachelor's degree

Master's degree Substitute for experience

Tools

DealCloud

PowerBI

Job description

Real Estate Associate

Requisition ID: req1446

Employment Type: Unclassified Regular Full-Time (URF)

Division: Real Estate

Compensation: Depends on Qualification

Job Closing: 10/31/2026 at 11:59 CST

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.

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 at [e-mail] with questions or for additional information.