Job Description

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ERS - Private Markets Investment Analyst II-III (00046980) Organization : EMPLOYEES RETIREMENT SYSTEM

Primary Location : Texas-Austin Work Locations : Main Office (327-100001) 200 E 18th Street Austin 78701

Job : Business and Financial Operations

Employee Status : Regular

Schedule : Full-time Standard Hours Per Week : 40.00

State Job Code : 1132

Salary Admin Plan : B

Grade : 26 B24

Salary (Pay Basis) : 6,908.73 - 10,785.83 (Monthly)

Number of Openings : 1

Overtime Status : Exempt

Job Posting : Dec 12, 2024, 3:47:33 PM

Closing Date : Ongoing

Description

Our mission is simply stated: ERS offers competitive benefits to enhance the lives of its members. Each team member across the agency contributes to our ongoing success. ERS operates in a hybrid work environment, with flexible work schedules available to all employees.

Join our team at ERS and see why we were named a Top Workplace in 2024 by the Austin American-Statesman. Learn about us here!

ERS is seeking a Private Markets Investment Analyst II-III perform complex to advanced (journey-level to senior-level) investment analysis work by assisting the Director and Portfolio Manager(s) of Private Infrastructure in identifying, evaluating, and executing direct and indirect limited partnership investment opportunities in U.S. and non-U.S. real assets, buyouts, venture capital, distressed debt, control-oriented restructuring, mezzanine, industry specific, secondary, co-investments, and other private markets strategies. Performs and assists the Director and Portfolio Managers in portfolio monitoring, reporting, tracking, performance measurement, and reconciliations related to the portfolio’s operations. Works under general to limited supervision within the guidelines established by the Board of Trustees-approved investment policy and division operating guidelines with moderate to considerable latitude for the use of independent judgment.

Essential Responsibilities include, but are not limited to :

• Supports legal and operations to ensure execution of investment transactions, capital calls, and distributions.

• Supports the Director and Portfolio Manager(s) of Private Infrastructure in conducting due diligence in areas such as: Manager/General Partner background and history, portfolio performance vs. benchmarks, financial model development and/or validation, management team size, structure and experience, attribution analysis, investment strategy, deal flow and exit strategies, reference calls with CEOs, co-investors, lenders, LPs, competitors and support professionals.

• Creates and/or maintains financial models to analyze investments or portfolios of investments or monitoring the portfolio.

• Follows general economic developments and public and private equity and debt markets, specifically infrastructure markets and trends, including power and commodity markets, infrastructure secondary transactions, pipeline of current and upcoming fundraisings, potential technological disruptions to the industry, and the status of capital flows into emerging markets.

• Maintains documentation supporting strategy recommendations and provides written and oral analysis as requested by the Director or Portfolio Manager(s), Managing Director of Real Assets, CIO, Executive Director, Investment Committee, or Board of Trustees.

• Designs, prepares, optimizes and maintains standard reporting capabilities of private markets tracking system, produces ad-hoc reports and analysis and assists with portfolio evaluations.

• Performs and assists with the reconciliation of fund flows, performance, management fees, partnership expenses and fee offsets with LPAs and with custodian and consultants.

• Travels domestically and internationally as directed by the Director of Infrastructure for due-diligence visits, industry conferences, GP Annual Meetings and other functions to develop the knowledge, resources and contacts necessary for quality research and analysis of available investment opportunities.

• Assists in monitoring, researching, analyzing and recommending private markets investments, general partners, funds, and broader investment strategies.

• Assists in maintaining all fund and company level data, private and public benchmarking data, foreign exchange rates, etc. in private markets tracking system.

• Complies with all applicable agency policies and procedures, including leave and attendance policies. Abides by the Code of Ethics set forth in the Investment Policy Statement and the Standards of Conduct for the Investments Division set forth in the Investment Implementation Plan.

Other Duties and Responsibilities:

• Performs other duties as assigned.

For Private Markets Analyst III , you will perform the above duties in a highly advanced and complex manner with greater responsibility and standards. Responsible for the in-depth analysis of some subsets of the portfolio’s assets, markets and/or sectors as needed. May oversee the training and mentorship of team members to enhance their skills and foster professional growth.

Required Minimum Qualifications : Your application for employment must reflect how you meet each of the following minimum qualifications:

1. Graduation from an accredited college or university in finance, economics, accounting, engineering, business-related field and/or management. Each year of qualifying work experience over the minimum required may be substituted for one year (30 semester hours) of required college credit.

2. Prefer master’s degree in business, finance, economics, accounting, or engineering.

3. Two to three (2-3) years (depending on classification level) of full-time professional financial management, investment or project management experience. Preferably in alternative investment management, investment banking, corporate finance, infrastructure development and delivery or consulting and for investments in real assets. Preferably with experience in developing, maintaining and/or validating complex financial models for private acquisitions or divestments.

4. Two to three (2-3) years of experience (depending on classification level) using Microsoft Excel, Microsoft Word, PowerPoint or other business productivity related software.

Preferred Qualifications: Your application for employment should reflect how you meet the following preferred qualifications:

5. Prefer experience traveling domestically and abroad for business.

6. One (1) year of experience using Bloomberg and/or similar software and information systems.

PLEASE NOTE : All applications should contain complete job history entries, which includes job title, dates of employment, name of employer, supervisor's name and phone number and a description of duties performed. If this information is not submitted, your application may be rejected because it is incomplete. Resumes do not take the place of this required information.

Other Information: This is not a remote only position. Work is performed in an office environment and requires domestic and international travel. This position may require access to privileged, confidential, or sensitive data. ERS will conduct either a TXDPS or FBI criminal history check on all new hires. For more information about this policy inquiries can be made to employment@ers.texas.gov. Please note: Internal applicants in the same salary group and classification as the posted position are eligible to receive an increase in salary where applicable up to the posted maximum.

Military Occupational Specialty Codes:

Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Human Resources at employment@ers.texas.gov with questions or for additional information.

How to Apply: Ready to join the dedicated, customer-focused team at ERS? Submit the following to the ERS Human Resources Office:

A State of Texas Application for Employment submitted online through CAPPS Recruit.

• Use the link below to create a CAPPS Recruit account and build your profile on the “My JobPage” tab in the upper left corner of the screen.

• Once your profile is complete, click on the “Job Search” tab in the upper left corner of the screen to view available career opportunities and submit your application.

• Note: Resumes will be accepted only as supplements to a State of Texas Application for Employment.

Applications submitted through Work in Texas:

If you apply for an ERS position via Work in Texas you will also need to complete a supplemental questions form. For more details, refer to the instructions in the email you receive from CAPPS Recruit.

Please contact a Human Resources representative if you need assistance or require accommodation during the application process.

Email: Employment@ers.texas.gov

Web:

Relay Texas TDD: (800) 735-2989

LinkedIn:

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