Join TTSTC External Investments Team as a Junior Portfolio Manager
This role performs senior-level asset management, market research, due diligence, investment monitoring, and preparation of Investment Committee and Board materials for investments in public and private credit markets. Work involves researching, analyzing, and evaluating fund investments and other investment information to implement approved investment policies and programs. Apply today and help the Comptroller's office keep the Texas economy strong. Work Hours: Agency standard work hours are Monday through Friday from 8am to 5pm, 40 hours per week with occasional evening and weekend hours. Hours are subject to change based upon business need or division determination. This position may be eligible for a flexible/hybrid work schedule if certain conditions are met; working arrangements may change at any time as business necessitates. Qualifications: Minimum Qualifications: Graduation from an accredited four-year college or university with major coursework in finance, accounting, mathematics, business administration, or a related field. Seven (7) years of total investment experience, preferably at an endowment, foundation, OCIO firm, family office, fund of funds, investment bank, consulting firm, or a similar organization allocating capital to external investment managers. Preferred Qualifications: MBA, MSF, JD or other relevant graduate degree. Experience in Private credit markets Licenses / Certifications: Chartered Financial Analyst (CFA); Chartered Alternative Investment Analyst (CAIA) are preferred. A valid Texas (or state of residency) drivers license and a satisfactory driving record are a condition of employment. Applicants offered an interview must present the following documents at or before the interview: A state issued driving record for the last 36 months; valid Texas drivers license (or state of residency drivers license); and current proof of automobile insurance. In this role you will: Assist Portfolio Managers and the CIO in evaluating and monitoring existing external manager investments and co-investments, with an emphasis on exposures within private credit markets. Contribute to asset allocation, portfolio construction, and risk management. Communicate with potential managers via in-person meetings or phone calls on a regular basis and be able to speak to portfolio-related events knowledgeably. Lead portfolio reporting efforts, including maintaining internal databases, preparing periodic portfolio reviews and creating materials for internal Investment Team and relevant Board meetings. Conduct ongoing analysis for the existing portfolios; maintain and update information held in internal systems to ensure proper manager monitoring. Coordinate with consultants to ensure proper coverage and analysis of potential investment opportunities and to develop pacing and asset allocation plans for assigned portfolios. Support the senior team in sourcing and underwriting new fund investments with external managers in addition to prospective co-investment opportunities. Lead in investment due diligence on prospective opportunities, including qualitative and quantitative analysis of investment strategy, process, portfolio construction, organization, and performance. Prepare ad-hoc investment memos and present during Investment Committee meetings and other internal/external meetings. Represent the organization at industry conferences and manager annual meetings, fostering relationships and upholding TTSTCs brand and reputation. Read macroeconomic, microeconomic, financial, general business, and geopolitical research and analysis. Participate in internal and/or external training and development opportunities. Maximize Your Earnings! At the Comptroller's office, we know potential employees are looking for more than just a paycheck. The agency offers a strong benefits package for you and your family. Insurance, retirement plans, and a flexible work schedule are just the start. See our benefits offering. Important Note to the Candidate: Salary is contingent upon qualifications. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request. MILITARY PREFERENCE: To receive MILITARY PREFERENCE, you are required to provide proof by attaching the necessary documentation to this job application.
This role performs senior-level asset management, market research, due diligence, investment monitoring, and preparation of Investment Committee and Board materials for investments in public and private credit markets. Work involves researching, analyzing, and evaluating fund investments and other investment information to implement approved investment policies and programs. Apply today and help the Comptroller's office keep the Texas economy strong. Work Hours: Agency standard work hours are Monday through Friday from 8am to 5pm, 40 hours per week with occasional evening and weekend hours. Hours are subject to change based upon business need or division determination. This position may be eligible for a flexible/hybrid work schedule if certain conditions are met; working arrangements may change at any time as business necessitates. Qualifications: Minimum Qualifications: Graduation from an accredited four-year college or university with major coursework in finance, accounting, mathematics, business administration, or a related field. Seven (7) years of total investment experience, preferably at an endowment, foundation, OCIO firm, family office, fund of funds, investment bank, consulting firm, or a similar organization allocating capital to external investment managers. Preferred Qualifications: MBA, MSF, JD or other relevant graduate degree. Experience in Private credit markets Licenses / Certifications: Chartered Financial Analyst (CFA); Chartered Alternative Investment Analyst (CAIA) are preferred. A valid Texas (or state of residency) drivers license and a satisfactory driving record are a condition of employment. Applicants offered an interview must present the following documents at or before the interview: A state issued driving record for the last 36 months; valid Texas drivers license (or state of residency drivers license); and current proof of automobile insurance. In this role you will: Assist Portfolio Managers and the CIO in evaluating and monitoring existing external manager investments and co-investments, with an emphasis on exposures within private credit markets. Contribute to asset allocation, portfolio construction, and risk management. Communicate with potential managers via in-person meetings or phone calls on a regular basis and be able to speak to portfolio-related events knowledgeably. Lead portfolio reporting efforts, including maintaining internal databases, preparing periodic portfolio reviews and creating materials for internal Investment Team and relevant Board meetings. Conduct ongoing analysis for the existing portfolios; maintain and update information held in internal systems to ensure proper manager monitoring. Coordinate with consultants to ensure proper coverage and analysis of potential investment opportunities and to develop pacing and asset allocation plans for assigned portfolios. Support the senior team in sourcing and underwriting new fund investments with external managers in addition to prospective co-investment opportunities. Lead in investment due diligence on prospective opportunities, including qualitative and quantitative analysis of investment strategy, process, portfolio construction, organization, and performance. Prepare ad-hoc investment memos and present during Investment Committee meetings and other internal/external meetings. Represent the organization at industry conferences and manager annual meetings, fostering relationships and upholding TTSTCs brand and reputation. Read macroeconomic, microeconomic, financial, general business, and geopolitical research and analysis. Participate in internal and/or external training and development opportunities. Maximize Your Earnings! At the Comptroller's office, we know potential employees are looking for more than just a paycheck. The agency offers a strong benefits package for you and your family. Insurance, retirement plans, and a flexible work schedule are just the start. See our benefits offering. Important Note to the Candidate: Salary is contingent upon qualifications. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request. MILITARY PREFERENCE: To receive MILITARY PREFERENCE, you are required to provide proof by attaching the necessary documentation to this job application.