Individuals interested in applying for this position must apply through the Texas Education Agency Employment Opportunities webpage using the link below:

https://capps.taleo.net/careersection/701/jobdetail.ftl?job=00019940&tz=GMT-06%3A00&tzname=America%2FChicago

MISSION:  The Texas Education Agency (TEA) will improve outcomes for all public-school students in the state by providing leadership, guidance, and support to school systems.

On or after January 1, 2023, all Permanent School Fund positions will transfer from the Texas Education Agency to the Texas PSF Corporation a recently formed government sponsored corporation. All staff benefits, including insurance and retirement will remain with the Texas Employees Retirement System.

POSITION OVERVIEW:

The Texas Education Agency is seeking a talented individual to join a team of professionals in the Permanent School Fund (PSF), a $42 billion perpetual public fund endowment that helps finance the state’s public schools.

This position reports to the Director of Private Markets and is hired to perform senior level management of a portfolio of private equity investments. Responsibilities include supervising private equity portfolio managers and investment analysts. Implementing approved investment policies and programs and coordinating ongoing manager relations and communications. This position performs analyses, monitors, and reports on current investments. Oversees due diligence, evaluates, and recommends potential investment opportunities.

The professional selected for this position works under limited supervision, with considerable latitude for the use of initiative and independent judgment.

Please note that a resume and tailored cover letter is required for this position. Incomplete applications will not be considered.

Additionally, please be sure to respond to the short answer prompts found in the supplemental questions. These responses should be added in a separate Word or PDF document in the attachments section of the application.

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

Relocation assistance is not available for this position but flexible work location within the state of Texas may be considered for qualified candidates.

ESSENTIAL FUNCTIONS:

• Conduct due diligence and monitoring of fund investments, involving investment manager communications, on-site interviews, document review, investment analytics, reporting and other activities. Document and evaluate processes and conclusions.
• Define and monitor investment management agreements and related schedules and work closely with legal counsel in the contract negotiation process.
• Manage ongoing day-to-day oversight of external investment managers and general partners, including investment analysis, communications, and knowledge transfer.
• Other duties as assigned.

MINIMUM QUALIFICATIONS:

Education:  Graduation from an accredited four-year college or university with degree in finance, accounting, economics, or related field. An advanced degree, CFA and/or CAIA is preferred.

Experience:  At least seven (7) years of professional investment experience including several years of senior level experience. Ten years of experience is highly preferred. Broad experience evaluating and investing in private equity funds, or, alternatively, other directly relevant private equity experience is preferred.

Substitutions:  An advanced degree may substitute for two years of required experience.

OTHER QUALIFICATIONS:

• Share the belief that all Texas students can achieve at high levels and are able to succeed in college, career, or the military.
• Extensive knowledge of private equity investments, including market strategies, industry participants, asset structures, and relevant indices/benchmarks.
• Demonstrated ability to execute all phases of investment process with private equity investments, including due diligence, monitoring, performance measurement, and closing transactions.
• Knowledge of investment accounting and market operations; of investment research or investment banking; of statistical concepts and methods and their application to research analysis; of various financial data systems; and of macroeconomics.
• Skill in mathematics and in the use of computer software programs, particularly Word, Excel, and PowerPoint.
• Must have strong oral/written communication skills; ability to make public presentations.
• Must have keen interpersonal skills, be results oriented and able to exhibit strong work habits.
• Ability to act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct.
• Ability to manage a strong technical, functional, and strategic portfolio team.
• Ability to apply financial research techniques and to conduct exhaustive searches and evaluations of large amounts of data utilizing the internet and other resources.
• Must have the ability to prioritize the work, to be flexible, manage multiple projects and assignments with attention to details and to supervise the work of others.
• Must demonstrate a high degree of integrity and the ability to recognize the requirements of confidentiality.
• Must demonstrate initiative and ability to work in a fast-paced, changing environment.
• A desire to self-reflect, give/receive feedback and continuously improve.
• Expected to be a team player, a self-starter, and an independent thinker.
• Desired Character traits: Honest, ethical, curious, flexible, respectful, proactive, and effective working with individuals from diverse professional backgrounds.

Salary:  $111,792 - $189,069/Annual

About Texas Education Agency - Permanent School Fund
The Texas Permanent School Fund is a $42 billion perpetual endowment fund that benefits the public-school children of Texas. Fiduciary authority for the fund lies with the State Board of Education and the fund is administered by the investments Division of the Texas Education Agency. The Texas Permanent School Fund is a division of the Texas Education Agency. TEA is an equal opportunity employer.