Investment Operations Sr Analyst/Associate - Cash
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 1.8 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.
The Investment Operations Senior Analyst or Associate - Cash performs highly advanced (senior-level) investment-related financial analysis work. Work involves analyzing and reconciling investment data, especially as it relates to cash, and preparing related reports. Works under minimal supervision with extensive for initiative and independent judgment. This position reports to the Cash & Securities Manager.
Compensation: 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. Starting salary is commensurate with experience.
WHAT YOU WILL DO
Analysis and Reconciliation
Coordinates, monitors, verifies, and reports cash and equity valuations and performance information. Coordinates and researches the causes of and reconciles holding discrepancies on a daily, monthly, quarterly, and annual basis with internal and external investment managers, accounting, custodian, and investment systems. Verifies actual investment valuations and performance when adjusted for discrepancies. Coordinates and performs cash reconciliation across the trust and investigates discrepancies. Reviews daily liquidity reports for the trust. Coordinates and prepares cash forecasts and analyzes cash and currency balances. Reviews and performs management and performance fee reconciliations and works with external managers for resolution of any issues/discrepancies. Reviews, records, checks and verifies capital calls and distributions across the Trust. Processes fundings and management/performance fees in a workflow and ensures that all submissions are approved and funded in a timely manner. Reporting
Coordinates and compiles data and prepares detailed periodic and ad hoc reports on data reconciliation, portfolio valuation and other investment information using report writing, database, spreadsheet and other software, for use by agency management, Investment's staff, the legislature and vendors, and to provide information requested under the Open Records Act. Monitors transaction communications and takes appropriate corrective action to ensure accurate data flow between parties, including TRS, Custodian Bank and Futures Commission Merchants. Leads and participates on various investment operations related projects to improve system integration between Trading applications, Custodian Bank, portfolio analytics software and other third-party software. Reviews and prepares directional for new fund/account openings and collaborates with the portfolio manager and cash custodian to ensure accuracy of account set-up. Maintains and checks wiring instructions to ensure accurate information in legal documents. Prepares and updates key operating procedures for related processes.
·Performs related work as assigned
WHAT YOU WILL BRING
MINIMUM REQUIRED QUALIFICATIONS
Bachelor’s degree from an accredited college or university in accounting, finance, economics, or business or a related field. A graduate degree in business administration, finance, accounting or a related field may substitute for one year of the required experience. Required Experience:
Four (4) to Six (6) years of full-time accounting, financial analysis, or related experience requiring compilation, reconciliation and/or analysis of detailed financial information. Experience with cash forecasting and accounting work (Experience may be concurrent). Required Registration, Certification, or Licensure:
Master’s degree in business administration, finance, accounting, or a closely related field. Experience with Bloomberg, Excel, and other investment trading and portfolio management tools. Certification as a Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) in good standing.
KNOWLEDGE, SKILLS AND ABILITIES
Investment concepts, terminology, styles, models, strategies, and fundamental and quantitative investment factors. Skill 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. Work effectively in a professional team environment.