IMD Student - Real Estate

WHO WE ARE:

The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving more than 1.5 million people. Innovation, technology, and collaboration make the difference as we strive to continue earning your trust every day. TRS improves the retirement security of Texas public education employees through our 'best in class' investment management and delivery of pension and health care benefits.

Our Mission: Improving the retirement security of TRS members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

The IMD Student Intern – Real Estate performs entry to routine (entry-level) investments research and analysis work.  Work involves assisting Real Estate management and staff with fundamental and statistical research and analysis, and in performing due diligence for potential investments.  Works under moderate supervision with limited latitude for initiative and independent judgment.  This position reports to the Senior Director of Real Estate.

Note:  This position is a full-time, limited term assignment scheduled to start in June 2022 and end in August 2022.  We are targeting students who will be graduating between December 2022 and August 2023.  We require that all IMD interns live in Austin, Texas for the duration of their internship.

Please provide a cover letter with your application in order to be considered.

Salary will be dependent upon education level:  

Undergraduate (Senior): $25/hr.

Graduate:  $40/hr.

WHAT YOU WILL DO:

Research and Analysis

·       Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including basic investment computations (i.e., return multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, partnership offering memoranda, and one on one contact with general and limited partners.

·       Assists investment managers in conducting strategic research, asset allocation analysis, and/or risk management.

·       Assists investment managers in analyzing performance attribution using proprietary models.

·       Assists in conducting investment research on various industries, companies or countries using computer databases.

·       Assists in researching and analyzing national, international, macro/micro economic, and/or business conditions that directly affect agency investments.

·       Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.

·       Provides timely written or oral reports of analysis and recommendations to Investments staff and management.

Due Diligence

·       Assists investment managers in performing due diligence research and analysis for potential investment opportunities and/or external strategies.

·       Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.

·       Assists in the maintenance/improvement of existing and in the development of new quantitative and valuation models and techniques for investment diversification and risk management.

·       Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.

·       Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.

·       Performs related work as assigned.

WHAT YOU WILL BRING:

 

Minimum Required Qualifications

Education:

·       Must be currently enrolled in and actively attending an undergraduate degree program with a major in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area, at an accredited college or university, and must complete their junior year (90 hours) by the start of the internship.

·       3.25 GPA 

 OR

·       Must be currently enrolled in and actively attending a graduate program in finance, accounting, business administration or a related area

·       Applicant will be required to submit a copy of official college transcripts.

Experience:

·       None. 

Registration, Certification, or Licensure:

·       None.

Preferred Qualifications

·       Experience or education in institutional investment research, accounting, financial analysis, statistical analysis or a related field.  

Knowledge, Skills and Abilities

Knowledge of:

·       Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.

·       Statistical concepts, methods, and models, and their application to investments.

Skill 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.