Location:
1900 Aldrich Street
Austin, Texas, 78723
United States
Real Estate Associate - Sr Associate
Requisition ID: req1211
Employment Type: Unclassified Regular Full-Time (URF)
Division: Real Estate
Compensation: Depends on Qualifications
Location: IMD
Job Closing: 7/15/2025
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-Sr 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 You Will 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.
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.
Required Education
WHAT YOU WILL BRING:
- 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
(Associate).
- Four (4) 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
(Sr Associate).
Required Registration, Certification, Licensure
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 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.
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 careers@trs.texas.gov 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 .
