Financial Analyst III

Austin, Texas
Mar 06, 2018
Mar 26, 2018
Operational Due Diligence Specialist
Industry Sector
Employment Type
Full Time

This posting will close on March 16, 2018 at 5:00 PM CST

Please visit: to apply for this posting.

Applicants who are strongly being considered for employment must submit to a national criminal history background check.

The Texas Education Agency is seeking a talented individual to join a team of professionals dedicated to improving the educational outcomes for all public school students in the state of Texas.  This position is in the Permanent School Fund (PSF), a $34 billion perpetual public fund endowment that helps finance the state's public schools.

This position reports to the Director of Operational Due Diligence of the Texas Permanent School Fund (TPSF). It provides highly complex financial analysis, risk assessment and operational due diligence work related to underwriting third party investment managers and PSF service providers.  Responsibilities will include implementing and executing tailored, ongoing risk assessment and mitigation plans, monitoring third party advisors and participating in the investment selection process.

A successful candidate must be honest and ethical in all work; recognize the requirements of confidentiality; and be intellectually curious.

The professional selected for this position will work under limited supervision with considerable latitude for initiative and independent judgment; and is expected to help the PSF meet its performance goals and support the Texas Education Agency in fulfilling its strategic priorities.

Additional Military Crosswalk (occupational specialty code) information can be accessed at:

Essential Job Functions:

As a member of a team and under the direction of the team lead:

*Assist with interviews of senior personnel at underlying third party managers, third party administrators, accounting firms and other fund service providers, and document on-site fieldwork and interview process.  Draft written recommendations about the results of operational due diligence efforts.

*Assist in the analysis of the existing operational infrastructure at underlying investment managers, including an evaluation of the people, processes, and technology used to identify and control risks.  Compare the infrastructure and internal control environment to industry standards and best practices and make recommendations to mitigate risks identified.

*Assist in the analysis of financial statements, correspondence and regulatory filings as part of operational due diligence reviews of underlying managers and document findings.

*Evaluate and monitor various fund manager communications and prepare periodic information sweeps of underlying managers.

*Assist in the analysis of investment operations-related responsibilities pertaining to cash management, risk management and trade execution and settlement.

*Document the process, procedures and outcomes of operational due diligence efforts.

*Meet monthly and annual deadlines.

*Maintain good working relationships with appropriate industry contacts, fund managers and internal and external stakeholders.

*Pursue continuing professional education on best practices for operational due diligence and various investment strategies to broaden knowledge, skills and abilities.

*Other duties as assigned.

*Must be able and willing to travel.

* Relocation assistance Is not available for this position.

* Candidates are subject to background checking before being hired.

Minimum Qualifications:

Education: Graduation from an accredited four-year college or university with major course work in business administration, accounting, finance or a related field is required.

Experience: Three (3) years experience of financial services experience. Must be able and willing to travel. Prefer experience with hedge fund investments, fund administrators, auditing firms, dedicated due diligence firms.  A working and applied knowledge of securities markets, corporate financial statements, and macroeconomics is required.

Travel:  20% required.

License/Certification: CPA, CIA, CFA or CAIA, preferred.

Knowledge, Skills and Abilities (KSA's):

Knowledge of: Securities accounting, procedures, and capital market operations; research techniques; statistical concepts and methods and their application to research analysis; various financial data systems; and of macroeconomics; local, state, and federal laws and regulations relevant to the investments industry and of the principles and practices of public administration; understanding of processes within financial institution operations with knowledge of investment strategies and instruments; the hedge fund, private equity and real estate investment industries is a plus.

Skill in:  Mathematics, analytics and in the use of computer software programs, particularly advanced Word, Excel and PowerPoint skills; excellent writing and listening skills with a proven ability to disseminate information effectively and articulate thoughts in a clear and concise manner to staff and various governing bodies through written correspondence, presentations and/or meetings. 

Ability to: Employ strategic interview techniques; take control and manage tasks independently to closure; apply financial research techniques and to conduct searches and evaluations of data utilizing the internet and other resources; analyze, evaluate and summarize financial data and prepare management reports; act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct; communicate clearly and effectively, both verbally and in writing, including writing management reports and making public presentations;
provide outstanding customer service to a diverse group of internal and external customers;
establish and maintain effective and professional relationships with a diverse group of internal and external staff; be flexible and organized to handle multiple and shifting priorities while paying attention to details; use sound judgment to make decisions; be reliable and exhibit a strong work ethic and work effectively and collaboratively as part of a team.

Supplemental Information:

Positions exempt from the Fair Labor Standards Act (FLSA) will earn compensatory time off rather than overtime for hours in excess of 40 per week. May be required to work hours other than 8 to 5. May be required to work weekends and holidays.

In accordance with applicable federal and state equal opportunity laws, it is TEA's policy that no person shall be excluded from consideration for recruitment, selection, appointment, training, promotion, retention or any other personnel action, or be denied any benefits or participation in any educational programs or activities which it operates on the grounds of race, religion, color, national origin, sex, disability, age or veteran status (except where age, sex, or disability constitutes a bona fide occupational qualification necessary to proper and efficient administration).

The Immigration Reform and Control Act requires all new employees to present proof of identity and eligibility to work in the United States. TEA does not sponsor H1-B work visas. Males, 18 to 25 years of age, are required to present proof of selective service registration (or exemption) prior to being employed by any state agency.

There is a 60-day waiting period for health insurance coverage.

This position requires the applicant to meet Agency standards and criteria which may include passing a pre-employment criminal background check, prior to being offered employment by the Agency.

Please note, TEA does not accept resumes.