Applicants who are strongly being considered for employment must submit to a national criminal history background check.This position reports to the Director of Global Risk Control Strategies (GRCS). Performs moderately complex investment research and analysis work. Monitors and reports on current and potential investments in GRCS. Participates in the investment due-diligence process. Facilitates ongoing manager relations and communications. Oversees due diligence files and deal flow databases. Prepares reports for monitoring and approval of GRCS investments. Works under general supervision with moderate latitude for the use of initiative and independent judgment.
Assists with initial and ongoing due diligence activities of fund investments. Tracks manager communications, on-site interviews, document reviews, analytics, reports and other activities.
Assists in the evaluation and monitoring of asset allocation, sector and manager exposures, and compliance with applicable policies.
Assists in building models for the purpose of modeling economic costs of investing.
Assists in the evaluation and implementation of investment due diligence, investment analysis, and performance measurement technology platforms and systems.
Maintains investment due diligence files and deal flow databases.
Provides administrative support in managing the GRCS calendars and scheduling on-site due diligence visits.
Provides administrative support for GRCS competitive procurements. Serves as an evaluator when asked.
Pursues continuing education and training to broaden knowledge, skills and abilities.
Attends industry-specialized training and forums.
Performs related work as assigned.
Other duties as assigned.
Relocation costs will not be reimbursed. All TPSF employees are subject to background checking before being hired.
Education: Graduation from an accredited four-year college or university with a degree in finance, accounting, economics, or related field.
Experience: A minimum of two (2) years of experience in investment research or quantitative analysis work. Strong PC experience with financial databases and software applications including advanced Excel, Power Point and Word skills. Prefer experience with hedge fund investments, investment research and analysis, and familiarity with market tools e.g. Bloomberg.
License/Certification: Prefer pursuit of Chartered Financial Analyst (CFA) or Chartered Alternatives Investment Analyst (CAIA) designation.
Travel: 10% required.
Knowledge, Skills, and Abilities (KSAs):
Knowledge of: Securities accounting, procedures, and market operations; securities research and investment banking; statistical concepts and methods and their application to research analysis; various financial data systems; and macroeconomics.
Skill in: Mathematics, statistics, and the use of computer software programs, particularly high performing/advanced in Word, Excel and Powerpoint; strong oral/written communication; excellent customer service and delivery of error free work products; keen interpersonal skills, be results oriented and able to exhibit strong work habits.
Ability to: Apply financial research techniques and to conduct exhaustive searches and evaluations of vast amounts of data utilizing the internet and other resources; analyze, evaluate and summarize financial data and prepare management reports; prioritize the work, to be flexible and manage multiple projects and assignments with attention to details and minimum supervision; demonstrate a high degree of integrity and recognize the requirements of confidentiality; demonstrate initiative and work in a fast-paced, changing environment; be a team player, a self starter and an independent thinker.
Desired Character Traits: Honest, ethical, curious, flexible, respectful, proactive, and effective working with individuals from diverse professional backgrounds.
NOTE: An in-box exercise may be administered at time of interview.
Positions exempt from the Fair Labor Standards Act (FLSA) will earn compensatory time off rather than overtime for hours in excess of 40 per week. May be required to work hours other than 8 to 5. May be required to work weekends and holidays.
In accordance with applicable federal and state equal opportunity laws, it is TEA's policy that no person shall be excluded from consideration for recruitment, selection, appointment, training, promotion, retention or any other personnel action, or be denied any benefits or participation in any educational programs or activities which it operates on the grounds of race, religion, color, national origin, sex, disability, age or veteran status (except where age, sex, or disability constitutes a bona fide occupational qualification necessary to proper and efficient administration).
The Immigration Reform and Control Act requires all new employees to present proof of identity and eligibility to work in the United States. TEA does not sponsor H1-B work visas. Males, 18 to 25 years of age, are required to present proof of selection service registration (or exemption) prior to being employed by any state agency.
There is a 60-day waiting period for health insurance coverage.
This position requires the applicant to meet Agency standards and criteria which may include passing a pre-employment criminal background check, prior to being offered employment by the Agency.
About Texas Education Agency-Permanent School Fund
The Texas Permanent School Fund is a $32+billion perpetual endowment fund that benefits the public school children of Texas. Fiduciary authority for the fund lies with the State Board of Education and the fund is administered by the investments Division of the Texas Education Agency. The Texas Permanent School Fund is a division of the Texas Education Agency. TEA is an equal opportunity employer.