TMRS Overview
The Texas Municipal Retirement System (TMRS) is a statewide public retirement system established in 1948 to provide retirement, disability and death benefits to employees and retirees of participating Texas cities. TMRS manages $37 billion in assets for more than 925 Texas cities. 

What we’re looking for
TMRS is hiring a Portfolio Manager to support investment and portfolio management efforts for TMRS’ fixed income portfolios. An emphasis of the role is to grow the private credit portfolio targeted to represent 13% of TMRS’ $37B of total Trust Fund assets. The role will contribute to teamwide portfolio management efforts across all TMRS’ investments through weekly portfolio management meetings and deal-team collaboration. 

The role you’ll play

• Source investment opportunities, perform due diligence, and develop recommendations.
• Manage negotiation, execution, and monitoring of investment management agreements and limited partnership vehicles.
• Perform and communicate analysis of the investment portfolio.
• Contribute to teamwide conversations regarding portfolio management and capital markets.
• Support cross functional efforts of the investment department including policy, financial reporting, and legislative matters.

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 experience in manager selection, fixed income, and/or credit analysis.
• Advanced degree (MBA, Master of Finance, etc.) or certification (CFA, CAIA) preferred.
• Ability to travel.

Compensation, benefits, and career development

• Competitive salary ranging from $144,000 to $200,000 or greater 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.