Real Estate Investment Analyst or Real Estate Senior Investment Analyst

Real Estate Investment Analyst or Real Estate Senior Investment Analyst

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

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 2 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 $200 billion in public and private investments. Our success starts with you.

The Real Estate Investment Analyst/Senior Investment Analyst performs and assists with investments research and analysis work. The incumbent will assist Real Estate management and staff with fundamental and statistical research and analysis, and in performing due diligence for potential investments. This position will work proactively with the Real Estate team and IMD staff. This position reports to the Managing Director of Real Estate.

• Assists in performing fundamental and statistical investment analysis for potential real estate 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 sectors, companies or geographies using computer databases.
• Assists in researching and analyzing national, international, macro/micro economic, and/or business conditions that directly affect TRS' real estate investments.
• Provides timely written or oral reports of analysis and recommendations to Investments staff and management.

• Assists investment managers in performing due diligence research and analysis for potential real estate 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, external 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.
• Works with TRS portfolio management systems such as Deal Cloud and PowerBI.

Performs related work as assigned.

• Bachelor's degree from an accredited college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area.

• Experience in institutional investment research, real estate, accounting, financial analysis, statistical…