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.
In terms of cultural fit, the successful candidate will be driven and empowered by working amongst a group of considerate, intellectually curious, fast-paced and successful colleagues. He or she will enjoy being a part of an organization focused on excellence and will be a naturally collaborative individual who welcomes interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to take initiative with discretion and judgment.
This position is in the Permanent School Fund (PSF), a $34 billion perpetual public fund endowment that helps finance the state’s public schools.
The Investment Operations Specialist (Financial Analyst II) performs highly complex (senior-level) financial analysis and regulatory work that requires researching, verifying, compiling, reviewing, analyzing and evaluating portfolio transactions. This individual will play a critical role in conducting research on portfolio capital changes and preparing portfolio reports timely and accurately. In addition, the Investment Operations Specialist will interact with outside service providers and custodians to validate portfolio valuation data on a daily and monthly basis for financial reporting and will support strategic projects and process reviews. This individual is a member of the Investment Operations team and reports to the Director of Investment Operations.
A successful candidate must be honest and ethical in all work; recognize the requirements of confidentiality; and be intellectually curious about investment financial data and reporting.
Please note that a resume and tailored cover letter is a required attachment for applying to this position. Incomplete applications will not be considered.
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.
A skill-based exercise may be administered at the time of interview.
Provide daily operations portfolio support including monitoring transaction flow, resolving investment data integrity for position and valuation issues, and analyzing/processing cash flows on alternative investment interests
Maintain accurate internal investment records to verify portfolio transactions and monthly performance reporting
Reconcile and validate financial data with accuracy and timeliness on a daily, monthly, quarterly and annual basis
Research and analyze investment financial data for portfolio managers and senior staff and prepare ad hoc reports as requested
Support and assist the investment operations team in reporting daily and monthly performance internally to portfolio managers and senior staff
Performs other related work and duties as assigned
Education: Graduation from an accredited four-year college or university; degree in accounting or finance is required.
Experience: At least two (2) years of experience in investment operations, financial analysis or investment accounting; this includes investment operations and controls, general ledger accounting, financial reporting, financial valuation principles, and reconciling financial and/or performance data with weekly, monthly, and semi-annual deadlines.
Knowledge of securities accounting, procedures, and market operations, corporate actions, corporate governance, research techniques, statistical concepts/methods and their application to research analysis, various financial data systems, and macroeconomics.
Knowledgeable about investment performance analytics and concepts
Adept in mathematics, analytics and the use of computer software applications, particularly Microsoft Office and Bloomberg; advanced Excel Skills preferred
Strong financial researcher with ability to conduct exhaustive searches and evaluations of vast amounts of data using the internet and other resources
Strong analytical skills with proven ability to evaluate and summarize financial data
Comfortable accomplishing repetitive tasks daily, accurately, and in a timely manner
Flexible, organized and able to handle multiple and shifting priorities while ensuring attention to details; uses sound, independent judgment to make decisions
Able to communicate clearly and effectively, both verbally and in writing, including writing management reports and making public presentations
Strong customer-service mindset and the ability to communicate to a diverse group of internal and external customers
Maintains effective and professional relationships with a diverse group of internal and external staff
Exhibits a strong work ethic, is reliable, and works effectively and collaboratively as part of a team
Possesses a desire to self-reflect, give/receive feedback and continuously improve
Willing to fill a need, solve a problem, anticipates risks, and demonstrate initiative to strategically advances efforts of the Fund
Acts in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct
As an equal opportunity employer, we hire without consideration to race, religion, color, national origin, age, sex, disability, or veteran status, unless an applicant is entitled to the veteran’s preference.
Additional Military Crosswalk (occupational specialty code) information can be accessed here.
The Immigration Reform and Control Act requires all new employees to present proof of identity and eligibility to work in the United States. The Texas Education Agency uses E-Verify to confirm employment eligibility.
This position requires the applicant to meet Agency standards and criteria which may include passing a pre-employment criminal background check, prior to being offered employment by the Agency.
About Texas Permanent School Fund
The Texas Permanent School Fund is a $34+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.
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