Portfolio Manager - Private Credit - Texas Municipal Retirement System

The Texas Municipal Retirement System (TMRS) is a statewide public retirement system established in 1948 to provide retirement, disabil...Qualities we expect

Purpose Driven. You have a dedication to public service and public retirement systems. TMRS is a statewide public retirement system that provides retirement, disability, and death benefits to employees and retirees of more than 925 participating Texas cities. 

Intellectual curiosity and a passion for investing. You are curious and can get up to speed on complex topics, both qualitatively and quantitatively, fast. You love hallway discussions.

Competitive streak with humility. You are driven by the goal of finding great investments and are willing to put in the work to make it happen. Likewise, you also value having the space to admit mistakes and are driven to learn from them.

Team Orientation.  We process information and ideas as a team. You are comfortable with and willing to consider and contribute contrarian ideas. You pride yourself on integrity, collegiality, kindness, and not taking yourself too seriously. 

Effective communication. You know when to listen, how to question, and have a proven ability to get your point across.

Efficiency and process oriented.  You systematically use collaboration tools and strive to create scalable processes, recognizing each are key ingredients to enhancing investment results.

What qualifications you should have

Bachelor’s degree in finance, economics, accounting, or related field.

Four or more years of investment experience (global fixed income, fund investing, direct investing and/or credit analysis.)

Passion for global credit investing and interest in both fund and direct investments. Strong research, modeling and analytical skills.

Advanced degree (MBA, Master of Finance, etc.) or certification (CFA, CAIA) preferred but not required.

Proactive self-starter, able to work independently and develop a point of view.

Willingness to travel (10-25% of time).

Compensation, benefits, and career development

Competitive salary ranging from $180,000 to $270,000 depending on experience and qualifications. 

TMRS promotes employee growth and development by financially supporting educational and training programs.

The TMRS investment team supports employee growth and development through a team structure that intends to move individuals up learning curves quickly though depth of manager relationship responsibility and breadth of interaction with TMRS’ total investment portfolio.

TMRS offers competitive compensation with medical, dental and vision insurance provided at no cost to employees, participation in TMRS’ retirement pension benefit, twelve paid holidays, and a new centrally located office.

Physical Requirements

Sedentary work: Exerting up to 10 pounds of force. Ability to safely and successfully perform the essential job functions consistent with federal, state, and local standards, including meeting qualitative and/or quantitative productivity standards.