IMD Student Intern - Real Estate

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 1.9 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 approximately $200 billion in public and private investments. Our success starts with you.

 The IMD Student Intern – The 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. This position reports to the Senior Director of Real Estate.

 

Note:  This position is a full-time, temporary, limited term assignment

 
Benefits of a TRS Investment Management Internship:  This is a paid, full-time position that offers interns the opportunity to gain substantive experience in Investment activities and initiatives.  Interns enjoy the chance to get training and mentoring from experienced professionals in Real Estate. 

This position is scheduled to start on June 5, 2023 and will end on August 11, 2023.  We require that all IMD interns live in Austin, Texas for the duration of their internship.

Salary will be dependent upon education level:

Undergraduate Student (Senior) - $35/hour

5 Year Master’s Student - $40/hour

 

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

·      GPA at or above 3.25 

 

·       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.