ERS - Real Estate Portfolio Manager (00058062)
Organization: EMPLOYEES RETIREMENT SYSTEM
Primary Location: Texas-Austin
Work Locations: Main Office (327-100001) 200 E 18th Street Austin 78701
Job: Business and Financial Operations
Employee Status: Regular
Schedule: Full-time
Standard Hours Per Week: 40.00
State Job Code: 1142
Salary Admin Plan: B
Grade: 31
Salary (Pay Basis): 14,166.66 - 16,333.34 (Monthly)
Number of Openings: 1
Overtime Status: Exempt
Job Posting: Apr 29, 2026, 1:52:01 PM
Closing Date: Ongoing
Description
Our mission is simply stated: ERS offers competitive benefits to enhance the lives of its members. Each team member across the agency contributes to our ongoing success. ERS is open for business five days a week, 8:00 am to 5:00 pm, to meet customers where they need us: in person, on the phone, in their communities, and online. ERS currently offers opportunities that include flexible work schedules.
ERS is seeking a Real Estate Portfolio Manager to perform highly complex (senior-level) asset management work. Work involves researching, analyzing, and evaluating private real estate and other investment information to implement approved investment policies and programs. May supervise the work of others. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment.
Essential Responsibilities include, but are not limited to:
- Sources analyzes and recommends private real estate closed-end and/or open-end funds and investment strategies that achieve long-term portfolio characteristics and returns within acceptable risk parameters.
- Oversees maintenance of standard reporting capabilities of private markets data tracking system, including performance, fees and expenses.
- Coordinates and supports the activities of legal and operations to ensure execution of investment transactions, capital calls, and distributions.
- Coordinates with the Director of Private Real Estate and/or Real Estate Consultant to conduct due diligence and analysis on investment decisions in areas such as: General Partner background and history, portfolio performance vs. benchmarks, portfolio performance relative to risk taken, management team size, structure and experience, attribution analysis, investment strategy, deal flow and exit strategies, reference calls with CEOs, co-investors, lenders, LPs, competitors and support professionals.
- Monitors and maintains existing investments and relationships with fund managers and assists in tracking.
- Produces standard tracking spreadsheets and charts, including ad-hoc reports for Private Markets.
- Executes Limited Partner and Advisory Board responsibilities as needed.
- Follows general economic, regulatory and political developments as well as public and private equity and debt markets globally.
- Communicates strategy and investment recommendations through written and/or oral reports and presentations as requested by the Director of Real Estate, CIO, Executive Director, Investment Committee, or Board of Trustees.
- Complies with the ethical standards and personal investment disclosure requirements set forth in the IPS and the Standards of Conduct for the Investments Division as set forth in the IIP.
- Complies with all applicable agency policies and procedures including attendance, leave, and safety policies.
Other Duties and Responsibilities:
- Maintains a good working relationship with other investment staff and ERS employees.
- Maintains a professional relationship with vendors, GPs and other LPs.
- Travels domestically and internationally for due-diligence visits, industry conferences, GP Annual Meetings and other functions to develop the knowledge, resources and contacts necessary for quality research and appropriate investment opportunities.
- Performs other duties as assigned.
Required Minimum Qualifications: Your application for employment must reflect how you meet each of the following minimum qualifications:
Preferred Qualifications: Your application for employment should reflect how you meet the following preferred qualifications:
PLEASE NOTE: