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Private Investment Oversight Analyst or Sr. Private Investment Oversight Analyst
Teacher Retirement System of Texas
Details
Posted: 06-Mar-23
Location: Austin, Texas
Type: Full Time
Salary: 73,622.00 - 111,354.00
Required Education:
4 Year Degree
Internal Number: REQ 802
Few careers allow you to challenge yourself professionally while you give back to meaningful individuals, like a favorite teacher or school bus driver. Teacher Retirement System of Texas (TRS) manages retirement and healthcare plans for nearly 1.6 million public education professionals and we are growing. That growth means adding to talented teams who are dedicated to keeping the Trust financially healthy for a long time to come.
The Investment Oversight Analyst performs advanced investment accounting work as part of the Private Market Investments team performing oversight functions, including tracking and reconciling the financial statements provided by the private market investments. Work involves recording, reporting, and analyzing investment accounting data, including oversight of outsourced investment accounting functions; assisting with preparation of the Annual Comprehensive Financial Report (ACFR); assisting with accounting systems, procedures, and controls; and providing support to Investment Accounting and other accounting departments. This position reports to the Investment Accounting Manager - Private Markets.
The Senior Investment Oversight Analyst is responsible for the preparation, analysis and reporting of investment financial information for large and sophisticated investment funds. Work involves highly advanced financial analysis and investment accounting work and active oversight of investment accounting functions. Requires thorough knowledge of Generally Accepted Accounting Principles (GAAP), investment principles and terminology, and advanced analytics or other statistical experience (with Power BI or a similar analytics system a plus). The incumbent must be detail oriented, have strong analytical and critical thinking skills, and the ability to manage multiple activities accurately and effectively; must be highly flexible in a fast-paced environment with evolving reporting requirements and job responsibilities; and must possess excellent verbal and written communication skills and have the ability to quickly learn new technology. The incumbent will work closely with the Investment Accounting and Private Market Investments teams
This position is posted at two levels. The selected applicant will be offered the level based on their education and experience:
Private Investment Oversight Analyst - $73,622 - $92,028
Sr. Private Investment Oversight Analyst - $89,083 - $111,354
WHAT YOU WILL DO:
Investment Accounting
• Reviews and reconciles investment financial information with the agency's custodian bank including holdings, transactions, fees, income, and market value of investments.
• Prepares routine (daily, weekly, monthly, quarterly, or annual) reports, reconciliations, and financial statements with schedules and exhibits; and prepares and distributes periodic and special management reports regarding investment activities.
• Reconciles and assists in resolving issues related to all investment-related accounts on the general ledger.
• Prepares entries to the Comptroller of Public Accounts Uniform Statewide Accounting System (USAS).
• Assists in the preparation of the TRS Annual Comprehensive Financial Report (ACFR) especially as it relates to investments, including reviewing completed document for consistency of presentation and compliance with applicable standards.
Investment Accounting (Sr. Private Investment Oversight Analyst)
• Prepare reconciliation of investment financial information with the agency’s custodian bank including holdings, transactions, fees, income, and market value of investments.
• Maintains the investment general ledgers for various fund and investment types.
• Prepares supporting work papers for financial statements, portfolio schedules and capital account allocation.
• Records and reconciles accounts related to investments to the general ledger and the Uniform State Accounting System (USAS); resolves investment accounting issues likely to affect operations.
• Participates in the process of preparing the TRS Annual Comprehensive Financial Report (ACFR), including preparing financial statements and footnote disclosures, reviewing completed document for consistency of presentation, and compliance with applicable standards.
• Reviews and approves external manager and general partnership fundings and fee payments.
• Assists in preparing the annual Performance Pay Plan awards for TRS investment management division staff.
Financial Analysis
• Analyzes, interprets, and assesses accounting entries, ledger balances, financial statements, and portfolio holdings for appropriate valuations, financial controls, and disclosures.
• Identifies, reconciles, and researches the causes of discrepancies with custodian bank, investment management division, investment manager, accounting operations, and investment systems; analyzes financial statements, market pricing data, trading information, corporate actions, and other issues that affect portfolio valuations.
• Calculates and verifies actual investment values when adjusted for discrepancies.
• Reviews and analyzes external manager and general partnership funding and fee payments.
• Prepares and assesses detailed reports with exhibits showing investment valuations by investment, investment manager, portfolio, and total trust.
Financial Analysis (Sr. Private Investment Oversight Analyst)
• Analyzes, interprets, and assesses ledger balances, financial statements, and portfolio holdings for appropriate valuations, financial controls, and disclosures.
• Develops, prepares and interprets data visualizations and spreadsheets to verify the underlying valuation assumptions and calculations within agency data warehouse, financial reports, and complex general partner and investment manager financial statements.
• Identifies, reconciles, and researches the causes of discrepancies with custodian bank, investment management division, investment manager, accounting operations, and investment systems; analyzes financial statements, market pricing data, trading information, corporate actions, and other issues that affect portfolio valuations.
• Calculates and verifies actual investment values when adjusted for discrepancies.
• Prepares and assesses detailed reports with exhibits showing investment valuations by investment, investment manager, portfolio, and total trust.
Support
• Performs as back up to the Senior Investment Oversight Analyst.
• Participates in accounting related agency committees and special projects as assigned.
• Assists with identifying and implementing improvements to the investment accounting system and investment financial reporting procedures.
• Assists the Financial Reporting and Budgeting Team with non-investment related reconciliations, reporting, budgeting, and other General Accounting operations as assigned.
• Assists the Financial Operations group with non-investment related reconciliation, reporting, budgeting, and other functions.
Operations (Sr. Private Investment Oversight Analyst)
• Develops and/or revises investment accounting policies, processes, procedures, and systems.
• Provides training and technical assistance to agency staff on investment accounting policies, procedures, processes, systems, and standards.
• Participates on related agency committees and special projects as assigned.
• Assists the Financial Operations group with non-investment related reconciliations, reporting, budgeting, and other functions
Performs related work as assigned.
WHAT YOU WILL BRING:
Education:
• Bachelor's degree from an accredited college or university in accounting, finance, or a related business field with 15 hours of accounting coursework.
Experience:
• Five (5) years of full-time professional accounting, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information, including two (2) years of experience analyzing, reconciling, and reporting.
Required Experience (Sr. Private Investment Oversight Analyst)
• Six (6) years of full-time accounting, financial analysis, audit or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information
• Three (3) years of experience interpreting and implementing GASB pronouncements, including analyzing, reconciling, and reporting on investment data.
• Experience may be concurrent.
About Teacher Retirement System of Texas
The Teacher Retirement System of Texas is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature. TRS is a defined benefit plan, with retirement benefits determined by a pre-established formula. The trust fund is sustained principally by three sources -- contributions by members during their working careers, contributions by the state and investment revenues.
TRS was founded over 80 years ago. With assets at $154 billion, the Trust is the largest public retirement system in Texas in both membership and assets. It is the sixth largest public pension plan in the U.S. and is among the 20th largest in the world. The agency serves more than 1.5 million people. Over 1 million are public and higher education members and over 400,000 are retirement recipients and beneficiaries. As of FY 2017, pension benefits totaling nearly $10 billion were paid to retirees and their beneficiaries.
https://jobs.nicsa.org/jobs/18287440/private-investment-oversight-analyst-or-sr-private-investment-oversight-analyst
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