Location: 1900 Aldrich Street Austin, Texas, 78723 United States Investment Operations Alternative Investment Analyst - Associate 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 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 1.9 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 $190 billion in public and private investments. Our success starts with you. Compensation & Benefits: The TRS Investment Management Division offers an attractive compensation package consisting of base salary, annual performance incentive bonus, a defined-benefit pension plan as well as 401(k) and 457 retirement plans, and comprehensive benefits. Depending upon the qualifications of the individual selected and the discretion of the hiring manager, the position will be filled at one of three levels (Analyst, Senior Analyst, or Associate). Starting salary is commensurate with experience. WHAT YOU WILL DO Investment Process and Reporting * Processes setup, lifecycle transactions, and monthly/ quarterly valuations of alternative investments, including but not limited to capital calls, distributions, and capital account statements in internal system (SimCorp) and with the Custodian and investigate differences as needed. * Reviews financial statements of the investment to ensure changes in the capital call statements are reasonable, reviews the audited financial statements and disclosures to ensure any issues are noted, and escalates issues for resolution. * Researches or Assists with researching the causes of and reconciliation of financial holdings, performance and other investment data discrepancies on a daily, monthly, quarterly, and annual basis with SimCorp and the Custodian for alternative investments. * Performs research and analysis of alternatives' investment data, including conferring with Investment portfolio managers, TRS management, and staff to meet business data and reporting needs. * Identifies or assists with identifying and sharing best practices with team members and supports development of data management infrastructure for alternative investments. * Develops or assists with developing new or revisions of existing data analysis and reporting system techniques, models, and methodologies. * Assists with assessments of investment analysis, data, security, and reporting needs. * Creates or assists with creating metrics, outcomes, and reporting objectives. * Analyzes pricing data, cash movements, trading information, and other issues that affect alternatives' portfolio valuation, performance, compliance and regulations. * Provides support for audit requests or accounting reports. * Monitors data feeds and recommends appropriate corrective action to ensure accurate data flow between systems. Portfolio Services * Works with owners to create and present investment data for decision making. * Participates on various investment operations related projects to implement strategic initiatives or improve system integration between applications, custodian, internal and external partners, portfolio analytics and other third-party software. * Actively researches and identifies areas for improvement around operations, reporting and investment systems. * Updates and maintains operational documentation, policies and procedures. * Facilitates resolutions cross-organization. Performs related work as assigned. WHAT YOU WILL BRING Required Education * Bachelor's degree from an accredited college or university in business administration, finance, accounting, operations research, math, information technology, liberal arts or a closely related area. * A Master's degree in a related area may substitute for a year of the required experience. Required Experience * One (1) year of full-time investment operations, data management, accounting, financial analysis, trade settlement or related experience requiring compilation, reconciliation, and/or analysis of detailed information (Analyst). * Three (3) years of full-time investment operations, data management, accounting, financial analysis, trade settlement or related experience requiring compilation, reconciliation, and/or analysis of detailed information. (Sr. Analyst) * Five (5) years of full-time investment operations, data management, accounting, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed information. (Associate) Preferred Qualifications * Experience involving a high degree of skill in data analysis and evaluation, such as accounting, financial analysis, or statistics. * Three (3) years of full-time professional investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as accounting, financial analysis, or statistics. (Sr. Analyst) * Seven (7) years of full-time professional investments experience or other experience involving a high degree of skill in data analysis and evaluation, such as accounting, financial analysis, or statistics.(Associate) * Experience with Alternative Investments such as Hedge Funds, Real Estate, or Private Equity. * Certification as a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CPA/CFA/CAIA. * Knowledge of Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) statements, and Financial Accounting Standards Board (FASB) statements * Experience with software languages, database and report writing technology (SQL, SSRS, and PowerBI). * Basic understanding of capital markets, investment securities (equities, bonds, and derivatives), and/or private markets (real estate or private equity). * Basic understanding of investment performance measurement. Knowledge of: * Knowledge of investment concepts, terminology, styles, models, strategies and fundamental and quantitative investment factors. Skills in: * Performing complex financial analysis. * Verifying and auditing financial data. * Using a computer in a Windows environment with MS Office word processing, spreadsheet (including advanced Excel functions and macros), and database systems; report writing; and other business software. * Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports. * Communicating complex technical information, verbally and in writing, including presenting analysis. * Organizing and coordinating work assignments to effectively meet frequent and/or multiple deadlines, in handling multiple tasks simultaneously, and in managing conflicting priorities and demands. Ability to: * Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts. * Thrive in an environment driven by change and improvement, and adapt effectively to changing requirements. * Work effectively in a professional team environment. Military Occupational Specialty (MOS) Codes: Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AdministrativeSupport.pdf ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at [email protected] with questions or for additional information. To view all job vacancies, visit www.trs.texas.gov/careers or www.trs.csod.com/careersite. For more information, visit www.trs.texas.gov.