Investment Manager of Private Markets

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Investment Manager of Private Markets

Salary

Depends on Qualifications

Location

Baton Rouge, LA

Job Type

Unclassified

Job Number

TRSL040424AH

Department

Teachers' Retirement System of LA

Division

Investments

Opening Date

04/04/2024

Closing Date

5/4/2024 11:59 PM Central

• Description

• Benefits

Supplemental Information

Teachers’ Retirement System of Louisiana (TRSL) seeks an experienced professional to serve as the Investment Manager of Private Markets. TRSL maintains a $26 billion portfolio with a sophisticated diversified asset allocation. The Alternative Assets and Real Estate portfolio is currently allocated at 52% of plan assets and is made up of over 400 individual fund commitments and 130 general partnership relationships. This work requires: strong communication and decision-making skills; familiarity with private markets analysis and research; and a working understanding of the TRSL investment policy statement (IPS).

The incumbent will assist the Investment Director of Private Markets with the defined benefit trust portfolio. This work requires: analytical independent judgement and decision; communications with senior investment, executive, accounting, legal personnel, and TRSL Board of Trustees. The incumbent will work with the Investment Director of Private Markets to oversee overall performance compilation for all asset classes, work with the Director regarding investment policy compliance, investment manager/class due diligence, and preparation of monthly investment committee material related to private markets.

Salary Range:

$43.27-$86.54 hourly or $90,001.60-$180,003.20 annually

Required Qualifications

Requires a working knowledge of private investment markets, private market terminology, private market underwriting, limited partnership agreement review, private placement memorandum review, economic theories, investment principles, cash management, securities trading, and investment accounting. Must possess strong analytical, data analysis, reporting, and portfolio management skills.

Must possess at least three (3) years of experience in the investment industry.

Must possess a bachelor’s degree in business administration, finance, economics, accounting, or related field.

Preferred Qualifications

Master’s degree in business administration, finance, or accounting

Chartered Financial Analyst (CFA) Charterholder

Chartered Alternative Investment Analyst (CAIA)

Certified Public Accountant (CPA)

Attorney (member of any Bar Association in good standing)

Summary of Essential Duties and Responsibilities

Assist the Investment Director of Private Markets with:

• Portfolio due diligence, reviewing offering documents, due diligence calls, and interfacing with Private Market Managers, Co-Investment Managers, and the General Consultant

• Meet with prospective fund managers of strategies not currently employed

• Conduct reviews of investment opportunities and market trends

• Perform portfolio reviews with currently hired managers

• Reporting and analysis of current portfolio, including preparation and compiling components of the TRSL Board Investment Committee report

• Independently analyze investment data from managers to determine compliance with system policies, CFA Institute standards, state and federal laws, and manager investment guidelines

• The enhancement, implementation, and maintenance of alternative asset and real estate software and custodial systems

• Assigned additional duties as deemed necessary by the Investment Director of Private Markets, Chief Investment Officer, Deputy Chief Investment Officer, executive management, or the TRSL Board of Trustees

Interested applicants also have the option to email or fax their resume to the contact below by Saturday, May 4th.

Aricka Hart – Human Resources

Email:aricka.hart@trsl.org

Fax: 225-922-2579

TRSL is a drug free workplace, an Equal Opportunity Employer, a State as a Model Employer (SAME), and prohibits discrimination on the basis of any non-merit factor.

Benefits for unclassified employees are determined by the individual hiring authority.

Agency

State of Louisiana

Address

For agency contact information, please refer to

the supplemental information above.

Louisiana State Civil Service, Louisiana, 70802

Phone

(866) 783-5462

Website

http://agency.governmentjobs.com/louisiana/default.cfm

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