Alternative Investment Specialist


Who we are

At the Texas County & District Retirement System (TCDRS), we help provide more than 305,000 Texans with retirement, disability and survivor benefits. TCDRS is one of the best-funded retirement systems in the nation with more than $33 billion of assets under management. Although we provide retirement benefits or “pensions” to hard-working Texans, our unique features distinguish us from traditional pension plans and keep us financially strong.

How we’re different

  • We are savings based: Members save for their own retirement over the length of their careers. The TCDRS benefit is based on the total final savings balance and employer matching. 

  • We are responsibly funded: Our employers pay 100% of their required contribution rate each year. This ensures that funds are there when needed. 

  • We offer flexibility and local control: TCDRS is not a one-size-fits-all system. TCDRS employers can choose benefit levels to meet their needs and budgets.

What we need

The Alternative Investment Specialist — an entry-level position — works on the portfolio administration team within the investment operations division. The Alternative Investment Specialist works in a fast-paced environment processing manager trades, capital calls and distributions, and electronically storing investment reports. The specialist disseminates reports from managers to TCDRS staff and reviews quarterly real estate capital statements to verify valuations for custodian. 

What you’ll do

  • Process manager trades and monitor settlement of transactions

  • Determine unfunded commitment status of alternative investment funds with each call/distribution

  • Send instructions to custodian for payment of management fees

  • Provide coding instructions to custodian bank for cash transactions

  • Provide backup for Investment Specialist and assist Manager-Portfolio Administration

  • Save required reports in document archive system (FileNet)

What you should have

  • Bachelor’s degree from an accredited college or university — major in finance, economics or accounting is preferred or equivalent work experience

  • Ability to plan, organize and prioritize high volumes of work within stringent deadlines with a high degree of accuracy

  • Experience working in investments/accounting field

  • Basic knowledge of financial markets and investment vehicles and strategies

  • Proficiency in Microsoft Excel and Word 

  • Strong quantitative/analytical skills 

  • Ability to communicate well and pay acute attention to detail 

What TCDRS values

TCDRS takes pride in our shared values of integrity, care and anticipation.

  • Integrity means we get satisfaction from doing the right thing. We understand how important the retirement system is to our employers and members. We are responsible and accountable as stewards of our customers’ financial futures.

  • Care means that we educate and empathize with our members as they provide and plan for one of the biggest decisions in a person’s life: retirement. We work to build strong partnerships with our employers, investment managers and stakeholders; and we take care of each other.

  • Anticipation means we don’t just look at what we can do for our members and employers right now — we also think about what we can do for them in the future. Looking ahead requires a critical eye, a curious mind and a willingness to explore creative solutions.

What you’ll get

TCDRS offers a competitive salary and excellent benefits with a dynamic and rewarding work environment in Austin, Texas, overlooking Zilker Park. This is not just a job, but a chance to help thousands of Texans plan for the future. 

What to do next

If this sounds like you, submit your resume to InvJobs@tcdrs.org. Please refer to the job title in the subject line of your email.