Real Estate Investment Analyst or Real Estate Senior Investment Analyst

About the Role

Join the Investment Management Division (IMD) as a Real Estate Investment Analyst/Senior Investment Analyst, where you'll be part of a diverse team managing a global portfolio of over $200 billion in public and private investments. This role involves performing and assisting with investment research, analysis, and due diligence for potential real estate opportunities. You'll work closely with the Real Estate team and IMD staff, reporting to the Managing Director of Real Estate.

Responsibilities

• Research and Analysis:
  • Assist in performing fundamental and statistical investment analysis for potential real estate opportunities.
  • Conduct basic investment computations (e.g., return multiples, correlations, volatility analysis, attribution analysis).
  • Support investment managers in strategic research, asset allocation analysis, and risk management.
  • Analyze performance attribution using proprietary models.
  • Research national, international, macro/micro economic, and business conditions affecting TRS' real estate investments.
  • Provide timely written or oral reports of analysis and recommendations.
• Due Diligence:
  • Assist investment managers in due diligence for potential real estate investments and external strategies.
  • Evaluate portfolio diversification by geography, industry, and sub-asset class.
  • Maintain and improve quantitative and valuation models for investment diversification and risk management.
  • Coordinate with internal and external stakeholders, including investment managers, analysts, legal counsel, and third-party advisors.
  • Ensure adherence to the agency Ethics Policy in relationships with external partners.
  • Work with TRS portfolio management systems such as DealCloud and PowerBI.

Qualifications

• Education:
  • Bachelor's degree in business administration, finance, accounting, operations research, math, information technology, liberal arts, or a related area.
  • Master's degree may substitute for one (1) year of required experience (for Senior Investment Analyst).
• Experience:
  • None required for Real Estate Investment Analyst.
  • One (1) year of full-time professional experience in private equity, real estate investments, or related data analysis fields (for Senior Investment Analyst).
• Preferred Qualifications (Senior Investment Analyst):
  • Experience in institutional investment research, real estate, accounting, financial analysis, or statistical analysis.
  • Master of Business Administration (MBA) or related Master's degree.
  • Experience in Acquisitions or Asset Management at an institutional real estate investment firm, investment bank, or similar.

Skills

• Knowledge of investment concepts, terminology, models, and strategies.
• Understanding of statistical concepts and their application to investments.
• Proficiency in using computer software (Windows environment) for word processing, spreadsheets, presentations, and databases.
• Ability to conduct complex data analysis and prepare concise reports.
• Strong planning, organizing, and prioritization skills in a fast-paced environment.
• Excellent verbal and written communication skills for complex information.
• Ability to work effectively in a professional team environment.

Additional Information

Location: TRS Headquarters Building 2, 1900 Aldrich Street, Austin, Texas, 78723, United States.
Employment Type: Unclassified Regular Full-Time (URF).
Job Closing: 11/15/2026 at 11:59pm CST.
Compensation: Depends on qualifications.

Veterans, Reservists, or Guardsmen with relevant Military Occupational Specialty (MOS) codes are encouraged to apply. For questions, contact Talent Acquisition at careers@trs.texas.gov.